How to Choose the Best CPA for Your Business or Personal Finances
How confident are you that your financial advisor can handle both today’s challenges and tomorrow’s uncertainties? In the United States, there are a total of 664,532 CPA licenses. This brings the percentage of accountants with CPAs to 46.3% of all in the workforce, a testament to their specialized training and expertise. Despite this, an astonishing […]
Choosing Your Retirement Path: Comparing 401(k), Roth 401(k), and Roth IRA Accounts
As you get near your retirement age, the choices you make about how to save for this next chapter can have a big impact on your long-term financial well-being. This is an exciting time, but it’s important to understand your options. Recent stats show that about 22% of Americans have under $5,000 saved for retirement, […]
Backdoor Roth IRA vs. Mega Backdoor Roth 401(k): What’s the Difference?
Are you getting close to retirement age but not making the most of your savings? Many high-income earners are unaware of the powerful strategies available to them through Backdoor Roth IRAs and Mega-Backdoor Roth 401(k) contributions. These methods can significantly increase your tax-advantaged savings, providing substantial benefits as you plan for the future. This guide […]
Understanding How Tax Brackets Impact Your Finances
Some people pay more taxes than others, even with similar incomes. Well, it’s because they understand tax brackets differently. Whether you’re in the process of finalizing your income tax bracket or already have it sorted, one thing remains constant: the deadline of April 15, 2024, for settling your income taxes with the US Federal Government […]
Are You Ready for Retirement? From Milestones to Savings Goals, Let’s Plan Your Future!
Are you aware that the amount of money average workers receive from Social Security after Medicare premiums has dropped to just about 29% of their pre-retirement earnings, down from 40% two decades ago? What’s more alarming is that in less than four years, Social Security expenses are expected to surpass its revenues. This deficit could […]
