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Two Retirement Items to Consider

By February 1, 2022January 31st, 2024Uncategorized

Not too Late to Contribute to Certain Retirement Plan

It may be after December 31st but there are still tax-saving transactions we can make. If you own an IRA or have a business retirement account you can make contributions to reduce previous year taxes up to April 15th or the due date of the tax return, whichever comes first.

Unfortunately, most employer retirement plans had a deadline of December 31st.

Review Retirement Plan Beneficiaries

Now is a great time to review the beneficiaries on your retirement, bank, brokerage, and benefits accounts. In the event of a major accident, we want to ensure our family has access to our funds and knows where our funds are located.

As always our tax plan for business owners or investors bundles this knowledge and MUCH more into account to create your individualized tax plan to be used for YEARS. Feel free to text, email, or call us to see how a tax plan could benefit you.