Working With a Tax Professional on Future 401(k) Strategy
For many people, a 401(k) is one of the biggest investments they’ll ever have. But too often, choices about how much to contribute, when to make Roth conversions, or how to withdraw money in retirement are made without considering how taxes will affect them.
Hormuz Blockade Hits Home: Memphis Faces Rising Costs
Eight weeks into the U.S.-Iran conflict, the financial consequences are impossible to ignore. According to a U.S. official, the war has already cost Americans about $25 billion—and it’s still sending reverberations through global energy markets.
Reviewing 401(k) Beneficiary and Withholding Elections After Filing
For many people, filing a tax return feels like crossing the finish line. Once the return is sent off and the refund or payment is handled, most of us set taxes aside until next year.
How Your Tax Bracket Can Guide 401(k) Contributions
Deciding between pre-tax and Roth 401(k) contributions isn’t just about retirement—it’s also about your tax bracket.
Using Installment Plans While Continuing Minimum 401(k) Savings
Owing taxes can be stressful. When you have a federal or state tax bill due, it’s natural to want to free up cash fast. Many people consider stopping their retirement contributions until the tax is paid off.
Setting Up an Annual “Refund Action Plan” in Advance
A tax refund can feel like a bonus, but it’s really just money you paid in taxes that you didn’t need to. Since it’s your own money coming back to you, it’s worth thinking carefully about how you use it.
Using a Tax Bill as a Prompt to Revisit Withholding and 401(k) Choices
Getting hit with a bigger tax bill than you expected can be frustrating, but it can also be a helpful wake-up call. Instead of seeing it as just a setback, use it as a reason to check whether your tax payments and retirement contributions still match your current goals.
The Refund and the System: Making a 401(k) Contribution in Memphis
In the city of Memphis, as in every city across America, the arrival of spring brings with it a customary ritual. For some, it is the azalea blooming in Overton Park, for others, the slow return of heat to the banks of the Mississippi, and for many, it is the arrival of the tax refund—a sum that, for a moment, seems to represent possibility itself.
Using HSAs to Prepare for Health Costs in Retirement
Treating your Health Savings Account like a long-term investment vehicle is one of the most underutilized yet powerful strategies to manage rising health costs in retirement.
RETIREMENT PLANNING: The Two Paths to Tax-Free Retirement Money
The Two Paths to Tax-Free Retirement Money A client’s question sparked a deeper conversation about retirement strategies, income limits, and a tricky tax rule that often catches people by surprise.
Coordinating Backdoor Roths With 401(k) Contributions
How 401(k) participation affects IRA deductibility and why some high income savers still consider backdoor Roths alongside workplace plans.
Why IRA Contributions Still Matter: A Practical Guide to Today’s Limits and Long-Term Benefits
Individual Retirement Accounts (IRAs) remain a reliable way to build retirement security, even as workplace plans like 401(k)s evolve.