Steve Carlson and Joe Ottaviano

Doing Good GIVES You a Tax Break! Part 1

Learn how being charitable can improve your tax situation in retirement! Doing Good GIVES You a Tax Break is a three-part series. Watch Part 1 on Qualified Charitable Distributions below. You can also check out our recent blog about Required Minimum Distributions (RMDs) for background information. Join us next time to learn about a unique strategy to…

Tax Penalty

You may owe a 50% penalty tax on your IRA!

Individuals who deposit pre-tax funds into an Individual Retirement Account (IRA) or employer-sponsored 401(k) retirement account are required to begin withdrawing a minimum dollar amount each year once they reach age 70 ½. The Internal Revenue Service (IRS) requires investors to begin taking money out to ensure these tax-deferred savings ultimately become taxable!  This is…

millnenials saving for retirement or pay off student loans

WBIR: Save for Retirement or Pay Off Student Loans?

Millennials—the generation of Americans born between 1982 and 2000—now outnumber Baby Boomers. Many in this younger generation are tackling a dilemma few before them have had to face: Save for retirement or pay off student loans?  Paul Fain, President of Asset Planning Corporation joins us with advice for your money.   WE KNOW THAT COLLEGE TUITION…