by Marilou Davido | Oct 24, 2023 | Resources
With year-end planning comes tax planning, and there are many tax strategies that can be employed to minimize income tax. Minimizing income tax is a common financial goal for many individuals and businesses. Effective tax strategies can help you keep more of your...
by Marilou Davido | Oct 23, 2023 | Resources
General Information The IRS requires you to take money out of most types of tax-deferred retirement accounts (including Traditional IRA, SEP-IRA, and Simple IRA) when you reach age 72 (73 if you reach age 72 after Dec. 31, 2022.) The same can be said for 401(k) and...
by Marilou Davido | Oct 22, 2023 | Resources
General Information A Roth IRA conversion is a financial strategy that allows individuals to transfer funds from a Traditional IRA or other qualified retirement account into a Roth IRA. There is no limit on the amount you can convert per year or lifetime, but, if...
by Marilou Davido | Oct 21, 2023 | Resources
Federal And Wisconsin Tax Deductions and Credits for Parents What federal and Wisconsin deductions and credits can I claim for a dependent? Here are some of the most common federal and Wisconsin tax deductions and credits for dependent children. Federal Credit...
by Marilou Davido | Oct 18, 2023 | Resources
Determining if you have enough life insurance and disability coverage is crucial to ensure financial security for you and your loved ones in case of unexpected events. Here’s a step-by-step guide to help you assess your coverage needs: For Life Insurance:...
by Marilou Davido | Oct 12, 2023 | Resources
The Key Differences between Short-term and Long-term Disability Insurance Short-term and long-term disability insurance are two types of coverage that provide financial protection in the event of an individual’s inability to work due to a disability or...
