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Steve Coker, CFP
- Dec 2, 2019
- 2 min
2019 Year-End Tax Planning Ideas
December doesn’t feel like tax season, but year-end is one of the best times to consider your tax situation since many tax-saving strategies require action before December 31st. Once April arrives it is often too late to impact your tax situation and your CPA is simply recording what happened way back in 2019. By taking action now, you can take advantage of many of the best ways to save. Here are some steps you should consider now so that you can save come April. What shou
Steve Coker, CFP
- Mar 18, 2019
- 3 min
Tax Tips: The IRA
It is tax time and many of us will be heading to our local CPA or wrestling with Turbo Tax to complete our tax returns before the April 15th deadline. If you are looking for ways to save money on your tax bill, don’t overlook a last minute contribution to an IRA. It is one of the best ways to reduce your taxes and one of the only ways to you can still impact your taxes before you file. In this article we’ll cover some IRA basics and outline when an IRA might make sense for
Steve Coker, CFP
- Feb 11, 2019
- 2 min
Tax Tip: The Backdoor Roth IRA
Do you find yourself with some extra cash that you would like to get invested, consider a backdoor Roth IRA. Many of our higher earning clients have maxed out their 401k contributions and are wanting to make additional contributions toward retirement. (Yes, it is a wonderful problem to have!) Now is the time to consider this strategy since you can still make a 2018 contribution until you April 15th or until your tax return. Taking a few extra steps to move the money into
Steve Coker, CFP
- Oct 31, 2016
- 2 min
Tax Tip: The Backdoor Roth IRA
Do you find yourself with some extra cash as the year comes to an end? By this time of year, many of our higher earning clients have maxed out their 401k contributions, hit the maximum for Social Security tax, and now find each paycheck much higher because they’ve hit these limits. (Yes, it is a wonderful problem to have!). If you are looking for a tax-advantaged way to invest those extra dollars, consider a backdoor Roth IRA. Taking a few extra steps to move the money i
Steve Coker, CFP
- Mar 6, 2016
- 3 min
Tax Tips: The IRA
It is tax time and many of us will be heading to our local CPA or wrestling with Turbo Tax to complete our tax returns before the April 15 deadline. If you are looking for ways to save money on your tax bill, don’t overlook a last-minute contribution to an IRA. It is one of the best ways to reduce your taxes and one of the only ways to you can still impact your taxes before you file. In this article, we’ll cover some IRA basics and outline when an IRA might make sense for
Steve Coker, CFP
- Mar 19, 2015
- 4 min
Traditional or Roth: Retirement Savings Game Plan
When it comes to saving for retirement, there are a variety of ways to go about it. It’s always a good idea to start by evaluating retirement plans that are available to you through your place of employment. Often, employers will match your contributions, which is an easy way to essentially double your savings, not to mention, earn more from your work. When setting up your retirement plan you’ll be faced with several choices regarding when to start contributing, what type of
