Reflections Blog
Tax Strategies for a Windfall Year
Lower your taxes after selling a business, receiving a major bonus, or receiving other windfall
What Sole Business Owners Need to Know About Solo 401(k) Plans
As a sole business owner, a Solo 401(k) allows you to pay yourself up to $56,000 as both an employee and an employer.
Not so Simple: What Business Owners Need to Know About Simple IRAs
A SIMPLE IRA allows employees to save pre-tax and companies to make smaller contributions without the administrative requirements of a 401(k).
No 401(k)? No Problem. Why SEP IRAs Work for Some Small Businesses
SEP IRAs can be a good option for sole proprietors or small companies seeking a plan that is flexible and simple to administer, with high limits on contributions.
Why Some Business Owners Choose a Safe Harbor 401(K) over a traditional 401(k)
A Safe-Harbor 401(k) plan provides a minimum level of contributions to all employees, freeing owners and highly compensated employees to receive larger profit-sharing payments.
When is a Defined Benefit Plan a Good Option for Business Owners?
A Defined Benefit Plan can help older owners of highly profitable businesses squeeze twenty years of savings into ten
What business owners need to know about 401(k) plans
A 401(k) allows high levels of employee pre-tax saving with the option for employers to make contributions, all professionally managed and administered.
The Up Side of Down: Stock Market Declines & Annual Returns
Despite average intra-year drops of 14.2%, annual returns have been positive in 27 of 35 years.
Window Closing for Social Security Rule Change Claiming Strategies
Maximize your Social Security benefits now while you still can.
Average Returns Aren’t Normal, Normal Returns are Extreme
An average return is in fact exceedingly rare.
How Working in Retirement Affects Social Security
Avoid having your benefits reduced and perhaps see an increase while working
Three Ways to Lower Student Loan Payments
Gain financial freedom by improving your student loans terms
Will I Pay Tax on Social Security?
Make the most of the money you’ve saved during your working years by understanding Social Security taxation rules
Year-End Financial Planning Checklist
Six key financial planning ideas to review before year-end
Six Ways to Teach Your Kids About Saving Money
Start teaching your children the importance of saving at a young age
Adoption Tax Credit – Understanding the Single-Largest Tax Credit Available To Families Today
Adopting a Child? The IRS may offer you up to a $13,570 tax credit.
Five Good Behaviors for a Sell-off
Now is the time to stay focused on your long term goals
Back to School: The Document Every College-bound Student Should Sign
Gain peace-of-mind before the big separation with a Durable Power of Attorney for Health Care
Ex-’s with Benefits? Five Simple Rules on Social Security and Divorce
How spousal benefits can have a substantial impact on Social Security payments for divorcees.
The Power of Compound Interest and Why It Pays to Start Saving Now
The simple fact is that WHEN you start investing outweighs how much you save.
Two For The Money: Can I Contribute To Two Retirement Plans If I Work Two Jobs?
Can you contribute to two retirement plans if you work two jobs? Yes! Capitalize on retirement plan rules to double your contributions and lower your tax bill
The Legacy Conversation: The Missing Gem in Wealth Planning
Make a plan to start a conversation with your family members about what’s really going on behind the money
Are you Risk Averse or Loss Averse?
Use our online tool to discover your personal appetite for risk, set investments accordingly and avoid the pain of loss aversion tightening its grip
Need A Last-Minute Deduction Before April 15th? A Health Savings Account (HSA) Is Here To Save The Day
Establishing a Health Savings Account (HSA) may provide you a last minute deduction that can pump up your wallet even more.
Who wants to be a millionaire? Gen X’ers sound off on their expected retirement needs
Gen X’ers were given the responsibility to save for retirement on their own. So far, how have they fared?
Lost and Found: Unclaimed Property Awaits
An estimated forty-two billion dollars of unclaimed property is waiting to be returned by state programs. Could some of it be yours? Find out how to get that money back in your pockets.
A Picture Saves a Thousand Cents…And Counting
We know what falling oil prices mean for our wallet, but what do they mean for your portfolio?
Millennials: The DIY Generation’s Take on 401(K)’s – How do you compare?
Deeply concerned that Social Security will not be there for them when they retire, Millenials are taking action to prepare now. Are you?
Give the Gift of a Roth IRA
What many may not know is that children can make Roth IRA contributions if they have compensation. And these contributions can come in the form of a gift.
