Wealth and Investment Services
OUR BLOG
401(k) Options for Small Business Owners
Regardless of the business’s size, small business owners have 401(k) retirement savings plan options that may be suitable for their situation. Business owners must plan for retirement by utilizing retirement savings vehicles that may provide them with common IRS tax savings incentives when funding specific 401(k) options. A business owner can open several retirement savings plan types if they’re the only employee or have anywhere from two to 100 employees.[i] As you work with your financial and tax professionals to determine which is appropriate for your small business, we outline what to know about each: Solo 401(k)- A solo 401(k) ...
Read More → 
Social Security Simplified: Common Questions and Answers
Most American workers who earn wage income and pay Social Security taxes via withholding receive Social Security benefits at some point in retirement. While the Social Security Administration has tried to make the process easier to understand and navigate, many questions remain. Whether you are getting close to retirement or even if retirement is still a little way off, here are some common questions and answers regarding Social Security. What Age Do I Qualify for Social Security? The qualifying age for Social Security depends on your birth year and whether you want to opt for early, full, or late retirement. ...
Read More → 
Benefits of Early Tax Planning with a Financial Professional
Tax planning is a crucial component of personal finance and a vital component of your overall financial planning. Failing to consider tax planning could result in missed opportunities for tax savings and other tax opportunities. When it comes to tax planning, the earlier, the better, so meeting with your financial professional early in the tax year comes with many benefits and advantages. It Can Help You Maximize Credits and Deductions Each tax deduction and credit has specific parameters and requirements to be met to claim them. With early planning, you will be able to take steps to maximize those deductions ...
Read More → 