Insights

As you move toward retirement, you can’t be content just to accumulate assets. You need to develop a retirement income plan that can help guide you when it comes time to turn savings into sustainable retirement income.

Tom Fridrich, JD, CLU, ChFC®, Manager and Senior Wealth Planner Giving something you own to someone else. It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. But when does gifting become a tax issue? What do you need to consider about gifti …

Mike Valenti, CPA, CFP®, Director of Tax Planning Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “ …

By Cristina Wiebelt-Smith, CPA, Wealth Advisor   Tax season is upon us! Staying organized as you gather your tax documents can help make this year’s taxes run a little more smoothly. Check your mailbox and your email for all the tax forms that will start coming in and keep them in one place.

By Cristina Wiebelt-Smith, CPA, Wealth Advisor Part of our financial planning process is looking over tax returns for planning and savings opportunities. Sometimes we hear comments like, “I’m retired, so I don’t need tax planning” or, “I don’t make enough money to need tax planning.”

By Cristina Wiebelt-Smith, CPA, Wealth Advisor Tax planning is best done throughout the year, but here are four things you can do by April 17, 2023, that might provide tax benefits for the 2022 year.

There’s more to tax planning than you think. Do you understand how each of your accounts are taxed? How did you set up your retirement plan? Have you considered an HSA? Take control of your taxes and how they fit into the big picture. Check out these income tax planning tips. Click here to …

Americans made 13 million math errors on their 2020 tax returns and many couldn’t understand what their mistake was even after reading the IRA Notice, according to National Taxpayer Advocate Erin Collins. Here are 11 tips to help you file your 2021 tax return as seamlessly as possible.

By Cristina Wiebelt-Smith, CPA, Associate Wealth Advisor Many of us are familiar with the most common filing status categories – single and married filing jointly (MFJ). But did you know there are three additional categories? Married filing separately (MFS), Head of Household (HOH) and Qual …

By Cristina Wiebelt-Smith, CPA, Associate Wealth Advisor   Generally, when filing your taxes, you can only deduct charitable contributions if you itemize deductions. However, for the 2021 tax year, individuals who do not itemize their deductions may deduct up to $300 ($600 for married …

By Cristina Wiebelt-Smith, CPA, Associate Wealth Advisor Tax planning is best done throughout the year, but here are four things you can do by April 15, 2022, that might provide tax benefits for the 2021 year.