Category: Taxes

Is the Money in your 401(k) or IRA Yours?

When you contribute to a 401(k) or IRA account, you are able to deduct that contribution amount from your current year’s income. Everyone likes that because it means you’ll pay less in taxes that year. But don’t forget that one day, you or your beneficiary will have to pay taxes on the money withdrawn from […]

Tax Cuts Are Important In More Than One Way

The market has had a very good year – in my opinion it is partly due to the expectation that we will see tax cuts this year. But what happens to those expectations if tax cuts are not passed? This, from Treasury Secretary Steven Mnuchin… ‚ÄúThere is no question that the rally in the stock […]