by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | May 13, 2023 | Retirement Planning, Tax Assessment
Are you tired of spending your golden years in pain and discomfort? While Retirement can be a fulfilling period, it may also present physical obstacles that impede your ability to relish in the activities you cherish. 💔👴🚶♀️ That’s why it’s important to...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 29, 2022 | Retirement Planning, Tax Credits
Are you prepared for retirement? It’s not too late to start planning, but time is running out, and if you haven’t started planning for your retirement, you should do that now! Retirement planning is key to having a comfortable lifestyle in your golden...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Nov 17, 2022 | Financial Services, Business Planning, Retirement Planning, Tax Planning
Retirement is one of the most important things in life, but it can happen faster than you realize. Don’t wait until December 31 to secure your year-end retirement deduction!Secure your year-end retirement deduction by establishing a retirement plan before...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Oct 22, 2022 | Tax Planning, Palma Financial Services, Pro Tips, Retirement Planning
Are taxes substantial in retirement? Of course, they are! Your retirement years will be seriously threatened by rising taxes. Most people are unaware of the HUGE TAX BOMB in their Retirement Account. Has your CPA or Financial Adviser talked to you about its existence...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 11, 2022 | Palma Financial Services, Pro Tips, Retirement Planning, Tax Planning
As you likely know, there are many articles and youtube videos with some discussion of your business hiring your children as W-2 employees. The hire-your-child strategy works best for the Schedule C proprietorship because when the proprietor hires his or her...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 6, 2022 | Palma Financial Services, Pro Tips, Retirement Planning, Tax Planning
Let’s talk about IRA. Did you know that a self-directed IRA is the same as a traditional IRA and is subject to the same rules? The income the investments in your IRA earn is not taxed until you take distributions, but distributions before age 59 1/2 are subject...
