Lifelong Blog
Our nationally recognized, weekly blog posts.
Understanding the Differences Between Payroll and Income Tax
Understanding the Differences Between Payroll and Income Tax Payroll and income tax are two distinct yet interrelated concepts that play a crucial role in personal and business finance. While they may seem similar on the surface, understanding the key differences between these two tax obligations is essential for individuals and organizations alike. In this article, […]
How to Save for Retirement
How to Save for Retirement Retirement is a stage in life that requires careful planning and preparation. As you look towards the future, it’s important to consider how you can save and invest wisely to ensure financial security during your golden years. In this extensive guide, we will explore various strategies and options for saving […]
Unlock Your Financial Future: A Guide to Opening an IRA
A Guide to Opening an IRA An Individual Retirement Account (IRA) is a powerful financial tool that enables individuals to save for their golden years in a tax-advantaged manner. By contributing to an IRA, you can accumulate funds for retirement while enjoying significant tax benefits, thereby helping to maximize your savings potential. IRAs offer a […]
How Much Insurance is Enough?
How Much Insurance is Enough? I realized I hadn’t written about life insurance in a while. As a matter of fact, the 5th blog I ever wrote about was on the topic and that was September 2016. This also means I somehow have written a blog for the past 7 years every week, not bad […]
Avoiding Costly Retirement Planning Blunders
Avoiding Costly Retirement Planning Blunders As individuals navigate the intricate landscape of retirement planning, missteps can have far-reaching consequences, potentially derailing financial security and jeopardizing long-term goals. Retirement represents a pivotal transition, and failing to anticipate and address potential pitfalls can undermine years of diligent saving and strategic investing. This extensive guide aims to equip […]
What is a Nondeductible IRA?
What is a Nondeductible IRA? In the world of retirement savings, Individual Retirement Accounts (IRAs) play a vital role. They provide individuals with a tax-advantaged way to save for their golden years. While most people are familiar with traditional and Roth IRAs, there is another type of IRA that is often overlooked – the nondeductible […]
What is an Indirect Rollover
What is an Indirect Rollover As you navigate the intricate world of retirement planning, you may encounter situations where consolidating your various retirement accounts becomes a strategic move. Whether it’s to streamline your investments, reduce fees, or capitalize on better investment options, merging multiple 401(k)s, 403(b)s, 457(b)s, or Individual Retirement Accounts (IRAs) into a single […]
Do I need a CPA for my small business?
Do I need a CPA for my small business? Running a small business can be a rewarding but complex endeavor, and one of the key decisions you’ll need to make is whether to hire a certified public accountant (CPA) to handle your financial affairs. While some small business owners may feel they can manage their […]
What to Expect When You Exceed the Roth IRA Income Limit
What to Expect When You Exceed the Roth IRA Income Limit The Roth Individual Retirement Account (IRA) offers numerous advantages for retirement savings, including tax-free growth and tax-free withdrawals in retirement. However, there are income limits that determine who can contribute to a Roth IRA. If you exceed these income limits, you may wonder what […]
Understanding the Differences Between Payroll and Income Tax
Understanding the Differences Between Payroll and Income Tax Payroll and income tax are two distinct yet interrelated concepts that play a crucial role in personal and business finance. While they may seem similar on the surface, understanding the key differences between these two tax obligations is essential for individuals and organizations alike. In this article, […]
How to Save for Retirement
How to Save for Retirement Retirement is a stage in life that requires careful planning and preparation. As you look towards the future, it’s important to consider how you can save and invest wisely to ensure financial security during your golden years. In this extensive guide, we will explore various strategies and options for saving […]
Unlock Your Financial Future: A Guide to Opening an IRA
A Guide to Opening an IRA An Individual Retirement Account (IRA) is a powerful financial tool that enables individuals to save for their golden years in a tax-advantaged manner. By contributing to an IRA, you can accumulate funds for retirement while enjoying significant tax benefits, thereby helping to maximize your savings potential. IRAs offer a […]
How Much Insurance is Enough?
How Much Insurance is Enough? I realized I hadn’t written about life insurance in a while. As a matter of fact, the 5th blog I ever wrote about was on the topic and that was September 2016. This also means I somehow have written a blog for the past 7 years every week, not bad […]
Avoiding Costly Retirement Planning Blunders
Avoiding Costly Retirement Planning Blunders As individuals navigate the intricate landscape of retirement planning, missteps can have far-reaching consequences, potentially derailing financial security and jeopardizing long-term goals. Retirement represents a pivotal transition, and failing to anticipate and address potential pitfalls can undermine years of diligent saving and strategic investing. This extensive guide aims to equip […]
What is a Nondeductible IRA?
What is a Nondeductible IRA? In the world of retirement savings, Individual Retirement Accounts (IRAs) play a vital role. They provide individuals with a tax-advantaged way to save for their golden years. While most people are familiar with traditional and Roth IRAs, there is another type of IRA that is often overlooked – the nondeductible […]
What is an Indirect Rollover
What is an Indirect Rollover As you navigate the intricate world of retirement planning, you may encounter situations where consolidating your various retirement accounts becomes a strategic move. Whether it’s to streamline your investments, reduce fees, or capitalize on better investment options, merging multiple 401(k)s, 403(b)s, 457(b)s, or Individual Retirement Accounts (IRAs) into a single […]
Do I need a CPA for my small business?
Do I need a CPA for my small business? Running a small business can be a rewarding but complex endeavor, and one of the key decisions you’ll need to make is whether to hire a certified public accountant (CPA) to handle your financial affairs. While some small business owners may feel they can manage their […]
What to Expect When You Exceed the Roth IRA Income Limit
What to Expect When You Exceed the Roth IRA Income Limit The Roth Individual Retirement Account (IRA) offers numerous advantages for retirement savings, including tax-free growth and tax-free withdrawals in retirement. However, there are income limits that determine who can contribute to a Roth IRA. If you exceed these income limits, you may wonder what […]