Retirement Article

529 Plan: Saving for Education Expenses

Using a 529 Plan to Save for Your Children’s and Grandchildren’s Education Expenses

For a little more than two decades, people with ambitions of paying for their loved one’s college education have been able to set aside money into tax-favored accounts. The amount of money saved into the accounts was generally tax deductible on the state level. However, there are some states that do not allow tax deductions, but for our readers in Kansas and Missouri, your states do allow deductions.

Retirement Article

How is My Retirement Income Taxed?

It depends. If you have been saving for your retirement by using tax-deferred accounts such as traditional IRA, 401(k), etc. Uncle Sam’s buddies at the IRS will demand a chunk of any withdrawal that you make. Pension payments are most likely subject to federal income tax too. If this weren’t depressing enough, your Social Security benefits may be taxed also.

Retirement Article

What is a QCD? Qualified Charitable Distribution

You may have heard the term QCD, but what is a QCD? Are you charitably minded? Are you over the age of 70 ½? Do you have money in tax-deferred accounts such as IRAs? If that is you, then you may want to entertain the idea of a qualified charitable distribution, also known as QCD for short. QCD has become even more beneficial with the new tax law since many middle-class Americans will now be on the standard deduction and won't be able to deduct their charitable contributions. However, the QCD rules can help us benefit by giving money to charity while also allowing us to cover our required minimum distribution.



Tax Clarity

Forward-looking tax planning can be a huge part of a successful retirement plan. Watch as Dean Barber reviews the basics of a forward-looking tax plan and the impact it can have on your retirement plan. 


Retirement Plan Checklist

Dean Barber discusses some of the questions from our Retirement Plan Checklist report. 


10 Ways to Avoid Common Tax Filing Errors

Filing your taxes can cause many headaches, just be sure to avoid mistakes. Here are 10 Ways to Avoid Common Tax Filing Errors.