2020 – 02/26 – Give your 401(k) plan a checkup at least once a year
Posted by Kim Chen on March 8th, 2020
Just as you presumably visit your doctor annually for a checkup, you should review the administrative processes and fiduciary procedures of your 401(k) plan at least once a year. Study your plan’s investment choices to determine whether the selection available to participants is appropriate. Calculate the amount of current participant fees associated with your plan’s […]
Happy Holidays Blue Gifts
Posted by Kim Chen on December 23rd, 2019
3 last-minute tips that may help trim your tax bill
Posted by Kim Chen on December 3rd, 2019
If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you cut your taxes before year-end, including: 1. Accelerate deductions/defer income. Certain tax deductions are claimed for the year of payment, such as the mortgage […]
IRA charitable donations are an alternative to taxable required distributions
Posted by Kim Chen on December 3rd, 2019
Are you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity. IRA distribution basics A popular way to transfer IRA assets to charity is through a tax provision […]
4 negative outcomes of jointly owning property with a family member
Posted by Kim Chen on October 25th, 2019
A common estate planning mistake that people make is to own property jointly with an adult child or other family member. True, adding a loved one to the title of your home, bank account or other property can be a simple technique for leaving property to that person without the need for probate. But any […]
