Blog Archives

Don’t Take That Required Minimum Distribution (RMD) Just Yet!

Clients who will be turning 70 ½ this year are being advised to PAUSE with regards to taking their Required Minimum Distribution from their IRA for 2019.   Clients of this age AND who have an IRA or a 401(k)


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5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2018, Single filers can claim $12,000, Head of Household $18,000 and Married Filing Jointly $24,000. Additionally, the maximum amount that can be deducted for state and


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4 Year-End Tax Planning Steps for Connecticut Taxpayers to Save Money

      The year-end will be here soon.  Here are 4 year-end tax planning steps for Connecticut taxpayers:  


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How to Use a Roth IRA to Purchase Your First House

  It can be difficult for younger people to save up to purchase their first house.  Paying rent, making a car payment and perhaps paying off a student loan can drain your cash flow. While a Roth IRA is designed


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3 Proven Reasons Young Investors Should Fund a Roth IRA and Roth 401(k) to Save

Time As the Rolling Stones said, “Time is on my side.” And so it is with younger investors, time is clearly on their side.  The benefit to a Roth IRA or Roth 401(k) plan is that if all of the


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