Financially Speaking Blog
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…
4 Keys To The Millennial Balancing Act Of Paying Off Student Debt & Saving For Retirement
By Debra Taylor, CPA/PFS, JD, CDFA The financial puzzle for millennials: What’s the best way to pay off student debt while saving toward retirement? Here are four steps to a…