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2013 Year-End Tax Planning Basics

By |2013-11-26T16:28:47+00:00November 26th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , |

You don't want to pay any more in tax than you have to. That means taking advantage of every strategy, deduction, and credit that you're entitled to. However, the window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your [...]

2013 Retirement Planning Key Numbers

By |2013-03-01T20:22:55+00:00March 1st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , , , , , |

Certain retirement plan and IRA limits are indexed for inflation each year, and many of the limits eligible for a cost-of-living adjustment (COLA) have increased for 2013. Some of the key numbers for 2013 are listed below, with the corresponding limit for 2012. (The source for these 2013 numbers is IRS Information Release IR-2012-77.) Elective Deferral [...]

A simple new SIMPLE

By |2011-09-23T19:55:23+00:00September 23rd, 2011|Categories: Business Wise, Uncategorized|Tags: , , , , , |

The deadline for establishing a new SIMPLE IRA plan is October 1.  The Savings Incentive Match Plan for Employees (SIMPLE) was especially designed with ease of administration for small businesses in mind.  The deadline applies only for businesses that have not previously had a SIMPLE IRA plan in place.  For all others, January 1st remains the [...]