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Returning Value Blog

Can You Afford To Retire Early?

Posted by Don G. Chastain, CPA on Apr 06, 2018

Answer the key questions below:

If you are like many Americans, you may have visions of an early retirement. Although there are usually hurdles to overcome, the dream may become a reality, depending on your answers to the following questions.

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Posted in Retirement & Wealth Management Planning

Compare the Two Types of IRAs

Posted by Don G. Chastain, CPA on Mar 12, 2018

Distinguishing traditional IRAs from Roths

There are two basic types of IRAs: the traditional IRA and the Roth IRA. With either one, the deadline for contributions for the 2017 tax year is April 17, 2018. There are no extensions for making IRA contributions for 2017, even if you obtain an extension for filing your return.

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Posted in Retirement & Wealth Management Planning

Small Business Owners: A SEP May Give You One Last 2017 Tax and Retirement Saving Opportunity

Posted by Don G. Chastain, CPA on Feb 12, 2018

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP has high contribution limits and is simple to set up. Best of all, there’s still time to establish a SEP for 2017 and make contributions to it that you can deduct on your 2017 income tax return.

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Posted in Retirement & Wealth Management Planning

Pension Plans Aren't Yet A Relic Of The Past

Posted by Don G. Chastain, CPA on Oct 06, 2017

 

Only 20% of Fortune 500 companies are offering new employees pension plans, but plenty of workers and retirees still count on them for retirement income.

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Posted in Retirement & Wealth Management Planning

4 Reasons Not To Borrow From Your 401(k)

Posted by Don G. Chastain, CPA on Sep 01, 2017

401(k) loans are easy to get but should only be considered as a last resort.

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Posted in Retirement & Wealth Management Planning

This Retirement Planning Move Avoids Tax

Posted by Don G. Chastain, CPA on Apr 19, 2017

Benefit from a rollover to an IRA

If you receive a distribution from an employer’s retirement plan, such as a 401(k), you are generally required to pay ordinary income tax on the payout. However, with a timely maneuver, you can continue to postpone paying the tax until you are ready to make withdrawals.

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Posted in Retirement & Wealth Management Planning

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