There’s still time to shave a few bucks off your 2019 tax bill — if you act quickly. The 2018 tax season came with harsh lessons for some taxpayers who didn’t properly adjust their plans for the Tax Cuts and Jobs Act. This overhaul of the tax...
Relocating for retirement and trimming the budget line for taxes are among the many tasks pre-retirees and retirees have on their to-do lists. Many people consider checking off both items by moving to a state with low taxes or tax breaks that specifically benefit older...
Most Americans need to work right up until their 60s — or later — to have enough money for retirement, but how much they’ll save highly depends on the type of job they have, especially if that work is in the gig economy. Older workers are...
Have you examined how the #MeToo movement changes the way sexual misconduct claims are handled at your organization, in your firm, or for those you advise? If you haven't, well, #TimesUp. These two social media hashtags made viral after the 2017 downfall of top Hollywood movie executive...
Financial experts often recommend saving up $1 million for retirement. If you start saving in your 20s, contributing 10-15% of your paycheck will likely allow you to meet your retirement savings goal. With every decade you delay, however, you’ll need to save a greater percentage...
Hastily exiting your career before the time is right can have a lasting negative impact on your retirement. Apprehensive workers unsure if it’s time to retire might benefit from one more year of work. If there is any doubt about your ability to retire, consider...
The merger-and-acquisition market for private companies has been very active. The activity should remain high as aging Baby Boomers look to retirement, many of them business owners for whom selling a closely held business is a key part of their financial plan. A great majority of...
It makes sense that so many business owners are nervous about filing their taxes. There are endless ways the process can go wrong – and no one wants to have the IRS come knocking. Unfortunately, it’s often small businesses that submit incorrectly prepared returns. Think about...
Many owners of private companies have been leery of operating as a regular C corporation. If you make that choice, you will be exposed to double-taxation of business income. First, a corporate income tax applies to the company’s profits. Second, any dividends that pass to you...
[video width="640" height="360" mp4="https://dehoekandco.com/wp-content/uploads/2019/06/social-security.mp4"][/video] While you can start Social Security payments at age 62, your monthly checks are reduced if you begin collecting benefits at this age. To claim your full benefit you need to sign up for Social Security at your full retirement age, which...