Financially Speaking Blog
Economic Fallout and Elections: Myth vs. Reality
The upcoming presidential election is already dominating the news. While many people presume if their preferred candidate doesn’t win there will be negative economic fallout, more than 90 years of…
7 Ways To Minimize Audit Risks
1. Filing A Return Before They Have All Their 1099s & W-2s You’ve probably heard it before, but let’s start with the basics. One of the biggest mistakes folks make…
How To Get Tax Savings On Charitable Contributions
By Debra Taylor, CPA/PFS, JD, CDFA Qualified charitable distributions from an IRA provide individuals over 70½ with a way to receive income tax savings on charitable gifts- even if they…
Key Retirement and Tax Numbers for 2024
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of…
What To Know When You Turn 65
Certain birthdays a particularly momentous. When you turn 16, you can drive and when you turn 21, you can go out for drinks with friends. But 65 is perhaps your…
7 Steps To A More Secure Financial Future
1. Set goals. If you don’t know where you are going, you won’t get there. It’s that simple. 2. Where Does Your Money Go? You’ll never get a true handle…