by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Oct 16, 2014 | Featured, Retirement Planning
Would you like to know the secret to accumulating as much as $2.5 million of fully tax deductible money for retirement? Of course you would. That secret is the defined benefits plan. These plans can include life insurance paid by tax-deductible contributions and can...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 28, 2014 | Featured
Now that you know exactly how important your credit score can be to your personal life, it’s also important to realize that your small business can be affected in the exact same way. A poor score can prevent you from getting a loan, could mean you’ll pay...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 26, 2014 | Featured, Palma Financial Services
You need to have a good credit score to get a good, low interest, home or car loan. That’s a fact that most people are aware of. What isn’t as obvious is the other ways that your credit score can affect your everyday life. Your credit score is an integral...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Aug 12, 2014 | Featured
There is a lot of media love given to the 529 college funding plan, but don’t be too quick to jump on the bandwagon. Yes, it is a tax deferred investment for your child or grandchild’s education, but that doesn’t make it the right choice for you....
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 21, 2014 | Featured
Ever wish you had some extra cash for special occasions or emergencies? Ever think about securing a loan? Perhaps you need a new car, or a vacation. Perhaps your home needs improvements, or your business needs some new equipment. Or perhaps you need some extra cash to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 13, 2014 | Featured
An Individual Retirement Account (IRA) is a tried and true savings vehicle for people seeking financial security in the Autumn of their years. In a perfect world the maximum amount is added tax-free every year and if invested wisely grows tax-free as well. Then...