3 Ways to Take Advantage of the New Tax Law

Submitted by John Cooney on Jan 29, 2018

The Tax Cuts and Jobs Act (TCJA), passed just at the end of 2017, made some of the most significant changes to the tax code in decades, and you have probably heard numerous takes on how good or bad the legislation is.  This is not going to be a discussion of the merits of the bill, but instead, I will highlight three changes that taxpayers can use to their advantage starting as early as 2018.  Just one big note, this is for 2018 taxes, due in April 2019.  For your 2017 taxes, due in April of 2018, the old tax rules still apply.


Taxes, Roth IRA, Donor Advised Funds, 529 Plans, Education, retirement

Year End Tax Tips and Reminders

Submitted by John Cooney on Dec 12, 2017

As we move into the holiday season and with the end of the year fast approaching, it is always good to take some time out and make sure you are doing some year-end planning with regard to taxes.  Regardless of your personal situation, there may be some small steps you can take (or have to take) to stay in compliance with the IRS or to take advantage of the tax laws to avoid a bad situation come April 15th.


Taxes, IRA, Roth IRA

Traditional IRAs and Roth IRAs, What’s The Difference?

Submitted by John Cooney on Oct 11, 2017

Individual retirement accounts can be a fantastic vehicle for helping individuals save money for retirement.  They can be used in conjunction with workplace retirement plans and social security to help provide income for retirees when they have left the workforce.  When it comes to IRAs, they come in two different flavors, traditional and Roth.  We will discuss how these two types of retirement accounts are the same, how they are different, and which one may be right for you.

retirement, Roth IRA, IRA, Taxes

Congratulations, You Just Graduated From a Service Academy! Now, Start Planning for Retirement

Submitted by John Cooney on Jun 22, 2017

Congratulations, you just spent the past four years in one of the most challenging college environments that exist.  You were pushed to your physical, emotional, and intellectual limits and earned the right to be commissioned as an officer in the United States Military.  So now, while you are enjoying a little leave, on your way to your basic officer course, or already at your first assignment leading troops, you need to make sure you are planning for retirement.  Wait, what, retirement, but you just graduated?  Remember, you will never again get the chance to start planning for retirement

military retirement, USMA, USNA, USAFA, USCGA, graduation, Thrift Savings Plan, blended retirement system, IRA, Roth IRA, Class of 2017
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