Don’t let these slip-ups creep into your federal tax return. Provided by Peter Miralles, CFP®CIMA®CLU EA No one wants to delay their federal tax refund. As you certainly don’t, filling out your 1040 form correctly is essential. To that end, it is worth noting some of the common 1040 mistakes – the little slip-ups that […]

Here is what you need to know. Provided by Peter Miralles, CFP®CIMA®CLU EA Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take your first Required Mandatory Distribution (RMD) from your traditional IRA(s). *April 15 is the deadline […]

Things for trailing-edge boomers & Gen Xers to consider. Provided by Peter Miralles, CFP®CIMA®CLU When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are […]

Retiring? Saving for retirement? Here’s some good news. Provided by Peter Miralles, CFP®CIMA®CLU Are 90% of articles written about retirement pessimistic? Sometimes it seems that way. Repeatedly, we are reminded that most baby boomers haven’t saved enough for the future. There’s no denying this, but the media is giving short shrift to other, more positive […]

Roth & traditional IRAs won’t get 2015 COLAs, but other plans will. Provided by Peter Miralles, CFP®CIMA®CLU A little inflation means a little adjustment. As the Consumer Price Index is up 1.7% over the last 12 months, the federal government is giving Social Security benefits a 1.7% boost for 2015 and lifting annual contribution limits […]

The year is coming to a close. Have you thought about these financial ideas yet? Provided by Peter Miralles, CFP®CIMA®CLU As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are several you might want to explore before 2015 arrives. Don’t forget that IRA RMD. If you own one […]

It isn’t always top of mind, but it should be. Provided by Peter Miralles, CFP®CIMA®CLU How many of us save and invest with an eye on tax implications? Not that many of us, according to a recent survey from Russell Investments (the global asset manager overseeing the Russell 2000). In the opening quarter of 2014, […]

Some not-so-small matters to think about. Provided by Peter Miralles, CFP®CIMA®CLU When you tie the knot, your financial lives will change. Marriage is one of those life events that can really affect your money and tax situation. If you are about to wed, here are a couple of things you’ll want to consider when it […]

Agreeing about what you want from retirement is crucial. Provided by Peter Miralles, CFP®CIMA®CLU What does a good retirement look like to you? Does it resemble the retirement that your spouse or partner has in mind? It is at least roughly similar? The Social Security Commission currently projects an average retirement of 19 years for […]

They are no longer exempt from creditors & bankruptcy proceedings. Provided by Peter Miralles, CFP®CIMA®CLU A SCOTUS ruling raises eyebrows. On June 12, 2014, the Supreme Court ruled 9-0 that assets held within inherited IRAs by non-spousal beneficiaries do not legally constitute “retirement funds.” Therefore, those assets are not protected from creditors under federal bankruptcy […]