Tag Archives: Money Tip

RMDs – Don’t Forget Your Required Minimum Distributions For 2010 By December 31st!

If you are age 70 1/2, Don’t forget to take out your RMDs for 2010 from your IRAs before 12/31/10!

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Should I Rent or Should I Buy?

Let’s take a look at some advantages to both Renting and Buying a home, while also listing some things to consider when making this big decision.

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Home Improvement Tax Credits

As the end of the year approaches, so does the end to some tax credits for energy-saving home-improvements. If you plan to take advantage of some of those credits, you will need to act fast. All improvements must be in place and the equipment in service by December 31, 2010 to qualify.

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SEP IRAs – One alternative to building a bigger retirement nest egg.

A simplified employee pension (SEP) is a written plan that allows the self-employed and employees to make retirement contributions to individual retirement arrangements (called SEP-IRAs). SEP-IRAs are attractive to self-employed individuals because this plan allows you to make contributions toward your own retirement and your employee’s retirement without getting involved in a more complex qualified plan (which require annual tax return filings).

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Tax Tip: Saving for Retirement Series – Part 1: Traditional IRAs

We are beginning a series of Tax and Money Tips to take a look at ways that you can save for retirement in a tax advantaged way. As we approach year-end, now is a good time to review your current retirement plan and consider any moves needed to maximize your tax savings.

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Does Staying the Course still work for you?

Many current investment strategies direct the client to invest assets while reducing risk through sensible diversification. Continue reading

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