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 | Mar 14, 2022 | Palma Financial Services, Pro Tips, Tax Planning, Tax Reform, Tax Resolution
IRA for Kids: No age restrictions. That’s why your kid needs a Roth IRA. Having your kids contribute to their own IRA is a great idea, and it should be a tradition. Here’s what you need to know about IRAs for kids. Roth IRA Contribution Basics The only...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 19, 2022 | Retirement Planning
What is the most tax-efficient retirement plan if you have a business? When tax planning for retirement, there are many things you need to consider. The goal of tax planning for retirement is to minimize the taxes you pay now, so your money can grow without being...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Jan 6, 2022 | Accounting Services, Bookkeeping, Pro Tips, Real Estate, Tax Planning
Bookkeeping tip: For years you have put away money from your pay into your employer-provided 401(k) retirement savings account. Your employer may have even matched 50% of your contribution. Now, you want to take some of this money out in the form of a loan; to help...
