Client Newsletter 3Q21
Dear Ambassador Family, A lot has changed since my last newsletter. Vaccine rollouts have allowed most businesses to resume life as normal. June and July brought scorching temperatures and inflation. Summer is only halfway done. Let’s jump into an investment update, an economic bubble, and some talk about taxes. Investment Update Since our last newsletter, Read more ➝
How Can I Ramp Up My IRA in 2021?
As we head into another tax season, don’t overlook your IRA. Here are some easy and practical ways you can ramp up your IRA in 2021. Act Now. Did you know you can contribute for 2020 until the tax filing deadline? That means you have until April 15th to make your last contribution. If you’re Read more ➝
Should You Pay Someone to Do Your Taxes?
Filing your taxes can be complicated and overwhelming. You know the process—gathering paperwork, sorting through receipts, and crunching the numbers. Thankfully, there are a few ways to make this whole process easier. Consider if hiring a professional is a better option than filing your tax return yourself. Hiring a Pro: The bad news? You still Read more ➝
Client Newsletter 1Q21
Dear Ambassador Family, I hope you enjoyed a Merry Christmas and a wonderful New Year! Our office is looking forward to what this new year will bring. Quick Recap of 2020 A quick glance at your December statement might give you the impression that 2020 was smooth sailing. Unfortunately, that was not the case. Do Read more ➝
Client Newsletter 4Q20
Dear Ambassador Family, I hope each of you and your loved ones are healthy and well. It has been an incredible year. As we enter the fourth quarter, I want to touch on a few Issues where clients have sought our help. Early Retirement Several of our clients have had to make the hard Read more ➝
How can I prepare for tax season?
Ready or not… here it comes! I totally understand why many Americans loathe tax season. It’s a tedious process of gathering documents, filling out forms, and paying money to Uncle Sam. Still, it has to be done each year… so here are some suggestions that might help your tax planning process. Review your W-4 Annually. Read more ➝
Contributing to Your IRA by April 15 Could Lower Your 2019 Tax Bill
The tax deadline is quickly approaching. Are you looking to lower your 2019 tax bill? Contributing to your IRA by April 15th could lower your tax bill for 2019. The annual contribution limits for IRAs (both traditional and Roth) for 2019 is $6,000 for any working individual under the age of 50. Those over the Read more ➝
How Can I Give More to My Loved Ones and Less to the IRS?
“It’s the holiday season! How can I give more to my loved ones and give less to the IRS?” I could not agree more! Let’s learn from 2 of my friends (hypothetical Mike and Donna). These examples apply to people who are still working and those already enjoying retirement. Solutions for High-Income Earners Donna is Read more ➝
Direct Transfers vs. 60-Day Rollovers – Which is Better?
At some point in your life, you may want to transfer money from a retirement plan to an IRA. There are two well-known ways of doing this: a direct transfer or a 60-day rollover. Chances are, your advisor will suggest a direct transfer. It’s the simplest way to move funds between two accounts. However, if Read more ➝