by Rahul Ramdas | Sep 24, 2021 | Financial Planning, Individuals Articles, Tax Articles
We have all heard the saying in marriage that “what’s yours is mine”, but is that true from a legal standpoint? Texas is one of nine states in the United States that has community property laws. Many people believe that in a community property state, once you are...
by Rahul Ramdas | Aug 20, 2021 | Financial Planning, Individuals Articles, Retiring
When it comes to retirement planning an IRA (Individual Retirement Account) adds value to your nest egg. When strategizing an IRA, there are different options to choose from, along with different tax consequences when you contribute and withdraw the funds. Below...
by Rahul Ramdas | Jul 23, 2021 | Financial Planning, Individuals Articles, Retiring, Tax Articles
Let’s face it – each of us is going to die one day and we need to plan for the inevitable. Many of us currently do have an inadequate amount of life insurance coverage. Below are five very good reasons to obtain appropriate life insurance coverage: Life insurance...
by Rahul Ramdas | Oct 22, 2019 | Financial Planning, Individuals Articles, Retiring, Tax Articles
https://www.cnbc.com/2019/10/20/what-you-need-to-know-about-required-minimum-distributions-this-year.html If you’re 70½ or older, or inherited a retirement account, you need to take your required minimum distribution by Dec. 31. Now is the time to get organized and...
by Rahul Ramdas | Jun 27, 2019 | Financial Aid, Financial Planning, Individuals Articles, Student Loan
When filling out the FAFSA (the Free Application for Federal Student Aid form), you need your financial information on hand and sometimes it can be hard to get your hands on. “The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA...
by Rahul Ramdas | May 29, 2019 | Financial Planning, Tax Articles
If your family is covered under a High-Deductible Health Plan (HDHP), you have new inflation-adjusted limits on your 2020 deductions for contributions into your HSA. “High deductible health plan. For calendar year 2020, a “high deductible health plan” is defined...
