With April 15 looming, it's essential to do what you can to prepare for your upcoming tax bill- and beyond. We’ll explain tax loss harvesting and when it might be the right move for your financial portfolio.
Today, we put together a list of six unique tax considerations we think retirees should review before the sun sets on another year.
How can pre-retirees better prepare for the rising cost of healthcare in retirement? An important savings tool is an HSA. What is an HSA, and how can it impact your savings journey?
Married couples have a unique opportunity to create a Social Security plan that supports both people. This makes spousal and survivor benefits so important. Let's take a closer look at what these are and how they will impact you.
Social Security is an important part of your retirement plan. Our team at Step by Step will help you evaluate your needs and create a strategy that will optimize your goals both now and in the future.
Taxes can be confusing and stressful for many people, and we want to do what we can to alleviate that stress. We are passionate about the role that strong financial planning and accurate tax preparation play in your financial landscape and would love to see what these services can do for your finances.
While we had prepared for the changes to rules regarding charitable donations and medical deductions, many of my clients were still surprised at how different their tax return was, and have asked what to do going forward. Something that my clients, as well as many others, will likely benefit from is...
If your tax bracket has changed for the better...it's possible that converting your Traditional IRA to a Roth might make sense for you. What exactly should you consider?
Since the IRS published its first report of the current tax season, I have seen a lot of "talk" about how tax refunds are lower than average. I have also seen multiple posts on how taxes are down. How can these things both be true?
Student loan debt is reality that many adults grapple with on a daily basis. When the time arrives that you can decide what to pay off next, should you pay off the student loan?
QUESTION: Kevin, should I buy this annuity? ANSWER: Probably not. Slightly more helpful answer: It's not likely to be the best investment vehicle for you. Annuities have high fees and long reaching tax implications that make them poor choices for most people. If we look at your entire financial picture, we are apt to discover more fruitful ways of building your long term wealth and securing your financial future.
When it comes to retirement planning, there are four variables any couple needs to evaluate prior to turning in the notice. These variables include. . .
Today, I am launching the Step By Step Financial blog. The purpose of this blog will be to share ideas and thoughts regarding the financial planning needs of those on the cusp of retirement.