by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 20, 2021 | Palma Financial Services
Are you aware of the Tax Bomb in your 401K or IRA? WEALTH TIP: Defuse the Tax Bomb That Threatens Your Retirement If a large part of your retirement savings is in an IRA or a 401(k), you could be facing a significant tax bill in the future. There are many ways to...
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 | 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...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Dec 4, 2013 | Featured
Are you interested in reducing your taxes? Of course you are, who isnt. At Palma Financial Services, Inc., we specialize in building worry-free retirement plans for business owners and professionals through a combination of tax reduction and asset protection...
by Miguel A. Palma, CPA, PFS, CGMA & Tax Advisor | Apr 22, 2013 | Featured
Americans aren’t saving enough money, hampering their ability to save up for their ideal retirement experience or top-notch college education for the kids, a new study suggests.They are not laying the foundation now for brighter days in the future. Surely the...