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...
by Rahul Ramdas | Feb 19, 2019 | Financial Planning, Individuals Articles, Tax Articles, Tax Cuts and Jobs Act, Tax Reform, Withholding
You’ve used the IRS Withholding Calculator, but you’re still confused about what allowances to take on your W-4. We’re here to help! Read through the following scenarios for a basic breakdown, and call us if you still have questions! You’re single, the calculator says...
by Rahul Ramdas | Jan 10, 2019 | Financial Planning, Individuals Articles, Tax Articles
Unsure about how to move forward with the new tax code? With our tax update cheat sheet for 2018, you’ll have all of the new tax tables and rates applicable for the 2019 tax filing season. Click the link below to view. 2018 Tax Updates ...
by ramdasaccount | Jan 23, 2015 | Financial Planning, Individuals Articles
Everything you need to know about simple financial planning (Courtesy of Dilbert) Make a will. Pay off your credit cards. Get term life insurance if you have a family to support. Fund your 401(k) to the maximum. Fund your IRA to the maximum. Buy a house if you want to...
