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401k roadmap

Bad 401(k)? Don’t Despair!

Our clients (and blog readers) already know that a 401(k) is a key component of today’s retirement picture. Since most people don’t have pensions nowadays, you’ll need a workplace retirement plan, along with Social Security and personal savings, to keep you afloat for thirty to forty years in retirement. So what happens when your company’s 401(k) leaves much to be desired? […]

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oops

3 Biggest Retirement Tax Mistakes

Attorney Natalie Choate is the guru of retirement benefits. She’s the one who knows all the answers to those super complicated questions about tax and estate planning, and how they affect our IRAs, 401(k)s, and other retirement plans. Natalie has seen it all, and she knows that those retirement mistakes can be really costly ones. […]

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tax fristration

Don’t Rush To File Your Taxes

We know that clients are starting to receive their tax reporting documents in the mail and online (Forms 1099-DIV, 1099-INT, 1099-B, etc.). So just in case you like to be first in line when filing your taxes, take a deep breath and slow down. It doesn’t pay to be too early, since it’s very possible […]

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taxes

The Year Of Big Capital Gains

Investors in mutual funds may already be familiar with the ritual of end-of-year capital gains distributions. Each year in December, mutual funds would “pass through” or distribute to investors a fairly hefty chunk of cash representing profits realized on the sale of appreciated stocks and bonds. Many investors complained, on cue, every December, resenting the tax bill to […]

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boca raton home

You Think You Have It Bad? Property Taxes Even Higher Up North

Many of us who live in South Florida think we pay a lot in real estate taxes and love to complain every November when that big tax check is due. We had several clients writing big property tax checks last week. (Don’t forget, our state does not have income taxes, which means lawmakers have to fill […]

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home fixes

I’m Selling My House. Could I Really Owe Tax?

Hard to believe after the tough real estate market we’ve been through, but some people selling their home could actually owe taxes because they made too much money on the sale. We currently have at least two clients in this (un?)enviable position. Both sellers owned their homes for a fairly long period, and made money on […]

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IRA And 401(k) Contribution Limits Unchanged in 2014

IRA And 401(k) Contribution Limits Unchanged in 2014

You won’t be able to put more money into your IRA or 401(k) next year. Since inflation has been so low this year (at least as measured by the powers that be), most contribution limits will be unchanged for 2014. IRA Limits In 2014, just like this year, you can put $5,500 into your Traditional or […]

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401k invest wisely

Is The New 401(k) Roth Conversion Option For You?

We’ve already had clients ask about the new 401(k) Roth conversion option bundled in the “fiscal cliff” tax legislation. If you are not familiar with the new provisions, here’s a rundown. Workers of any age can now convert all or part of their traditional 401(k) balance to a Roth 401(k).  Like any Roth conversion, they’ll […]

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dividend taxes

Saved By The Bell: Higher Dividend Taxes Postponed For Most

On January 1, many Americans dodged a bullet. At the end of last year, big tax hikes on dividends seemed a near certainty under the looming “fiscal cliff.” But the surprise compromise reached in Congress means that most households will continue to pay no more than 15% tax on dividends and capital gains. However, some higher-income investors will pay more: […]

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