by Marilou Davido | Nov 6, 2023 | Resources
Medicare is a federal health insurance program in the United States that provides coverage to eligible individuals, primarily those aged 65 and older, as well as certain younger individuals with disabilities. Medicare is divided into four main parts, each addressing...
by Marilou Davido | Oct 24, 2023 | Resources
With year-end planning comes tax planning, and there are many tax strategies that can be employed to minimize income tax. Minimizing income tax is a common financial goal for many individuals and businesses. Effective tax strategies can help you keep more of your...
by Marilou Davido | Oct 23, 2023 | Resources
General Information The IRS requires you to take money out of most types of tax-deferred retirement accounts (including Traditional IRA, SEP-IRA, and Simple IRA) when you reach age 72 (73 if you reach age 72 after Dec. 31, 2022.) The same can be said for 401(k) and...
by Marilou Davido | Oct 22, 2023 | Resources
General Information A Roth IRA conversion is a financial strategy that allows individuals to transfer funds from a Traditional IRA or other qualified retirement account into a Roth IRA. There is no limit on the amount you can convert per year or lifetime, but, if...
by Marilou Davido | Oct 21, 2023 | Resources
Federal And Wisconsin Tax Deductions and Credits for Parents What federal and Wisconsin deductions and credits can I claim for a dependent? Here are some of the most common federal and Wisconsin tax deductions and credits for dependent children. Federal Credit...
by Marilou Davido | Oct 18, 2023 | Resources
Determining if you have enough life insurance and disability coverage is crucial to ensure financial security for you and your loved ones in case of unexpected events. Here’s a step-by-step guide to help you assess your coverage needs: For Life Insurance:...
