December 2023 Newsletter

TIME SENSITIVE - IMPORTANT YEAR END INFORMATION

Please click the link below as both Individuals and Businesses are affected.

Year End Important Information

Required Minimum Distributions are Changing... AGAIN

 Required Minimum Distributions (RMDs) are the amount of money that must be withdrawn from an employer-sponsored retirement plan, traditional IRA, SEP, or SIMPLE individual retirement account (IRA) by owners and qualified retirement plan participants of “retirement age.” 

Read about the RMDs changes and how we can help protect you from running out of money HERE.

Happy Holidays!

Happy Holidays to our wonderful clients, friends, and colleagues! Wishing you a prosperous & healthy upcoming year. We value our relationship with you and look forward to working with you in 2024!

Important Dates

Monday, December 25th

Office Closed

Tuesday, December 26th

Office Closed

Monday, January 1st

Office Closed

Tuesday, January 16th

4th Quarter Estimated Payments Due

End of the Year

Tip #3 For Tax Season

Contribute the Maximum to Retirement Accounts

IF YOU WORK FOR A COMPANY:

Increasing your contribution to your retirement account will make you happy down the line. If your employer offers a 401(k), you should increase your contribution to the max amount. If you’re unable to, we recommend that you contribute the minimum amount that will be matched by your employer.  

IF YOU'RE SELF EMPLOYED

If you work for yourself, have no fear, there are retirement options for you as well. As your own boss, you can take advantage of a Keogh plan. If you haven’t started one already, now’s the time as these plans must be established by December 31st. Contributions, however, can be made up until April 15th.