Asset Planning, Inc Blog

The latest from the team.

IRA Contributions

While we are deep in the midst of tax season, we thought it was a good idea to remind our clients to get in their 2018 IRA contributions. If you are planning on dropping off a check to us the deadline to get them in is Wednesday, April 10th. This will ensure that your contribution is made before the April 15th tax deadline.

2018 contribution limits are $5,500 or $6,500 if you are over the age of 50

Also, now is as good a time as any to get in your 2019 contributions especially because the limits have been increased. The sooner you get these in the longer they have to grow in your IRA which means more retirement funds for you!

2019 contribution limits are $6,000 or $7,000 if you are 50 years of age or older

When it comes to non-deductible IRA contributions please be sure that you are keeping a record of these contributions by completing tax form 8606 for each year you make a non-deductible contribution. We have run into a few cases where no record is kept, and our clients are left scrambling to find that information when it is time to take distributions from their IRAs. This information will be needed to figure out what amount of your distributions will be counted as taxable income to you, so it is very important.

If you have any questions, please don't hesitate to call us.

Continue reading
  1191 Hits

Free Document Back Up

Even though tax season is is behind us you may still be going through important documents or filing them away. We thought now was a good time to let you know that we offer free document back up for our clients. We will take your important documents, scan them, keep them in your electronic client file here and also save them to a password protected flash drive for you to keep. We're always sending out reminders of the importance of having your documents in a safe place and backed up in case of a fire or other emergency and now it's easier than ever to get it done with this free service.

Examples of items you may want to have scanned are; birth certificates, medical records, insurance policies, bank and investment account information, identification cards etc.

Having this USB drive with you while traveling could be especially useful if there is an emergency while you're away from home.

If you would like to take advantage of this offer, feel free to give me a call to set up a time to drop your documents off.

Have a great weekend!



Continue reading
  1355 Hits

Deadline for 2017 IRA Contributions

The deadline for getting your 2017 IRA contributions to us is Wednesday, April 11th. Tax season is an extremely busy time so the sooner you get these in the better. Feel free to stop by the office anytime from 8am-4pm to drop them off.

Have a great weekend!


Continue reading
  1313 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
2017 IRA contributions IRS deadline home mortgages Retirement Contribution Limits Mobile Banking Security Tips Federal Trade Commission website pet identity theft tax deadlines executive order tax returns paperwork clutter privacy settings 900 number credit freeze integral member documents offering insurance records DNA test kits D premiums Financial Planning Magazine client portal credit monitoring service credit card fraud wells Fargo Medicare plan COVID -19 virus earthquake app non-prescripstion sunglasses people medications April 11 https ://seekingalpha hurricane Dorian toilet paper Expired medications home break-ins insurance policy checklists blog post health care costs October 1 2020. earnings fallout driver license pet donation drive student loans ID card trustee account numbers Open House Roth IRA opt-out Part B prescription eyeglasses relief efforts business hours company 401K Kiplinger Letter investment statements CARES Act Amazon June 29 birth certificates 4 pm -8pm National Ice Cream month donation items February 14 cell phone provider trust credit cards cell phone carriers Shred paperwork money interest rates Flexible Spending Account September 8 contribution limit Auto insurance paper records portal phishing sites Facebook profile notary services family members VOIP landline phones media accounts 70 1/2. health care services borrowing money pet industry consumer spending July 4 president Trump Puerto Rico tax deadline coronavirus bottom line 20 year anniversary Ice Cream Social Legal robocalls tax filing deadlines credit card company Medicare Part B premiums September 9 September 30 2020. news coverage partner /owner memorial Day weekend July weekend spam phone TD Ameritrade summer Medicare Part B tax season check lists stimulus package estate planning chip-enabled EMV cards Social Security information Facebook April 15 illiegal robocallers ice cream event markets Charles Schwab phishing scams cell phone service provider 23 andme Brexit vote card reader FSA Orange County IRA accounts CA FTB Coronavirus Aid pets rescue organizations flash drive disaster areas Notary Public estate planning direction text messages market turmoil life saver phone companies 2017 Equifax breach gap insurance Medicare Orange County Superior Court cell phones fun atmosphere emergency folder vacation scams car loans “ skimmer ”. fun facts house sitter Joey Gonzales Independence Day email notifications https :// emergency kit cell phone SIM swap scam holidays approach official certification clients CERTIFIED FINANCIAL PLANNER exam spring cleaning Medicare Advantage privacy notices years Victor Dergunov retirement planning banking increase insurance policies assets Healthcare Erin Nelsen donation counts self-help topics January 10 padlock Open Enrollment retirement plans ice cream stock pile parking spots July 6 team members CFP ® estate app water … home emergency preparedness kits Social Security Administration pet supplies retirement accounts cell phone carriers offer clone counterfeits Supplemental Security Income information home emergency kit tax records Kraig Mathias IRS payments California Lions Friends Economic Security operations manager items 2017 TD Ameritrade National LINC Conference Affordable Care Act emergency kits Two-Step Verification home April 18 2017. breach Wells Fargo customers phone settlement options home security web address drive /usb identity thieves asset Planning 2018 IRA contributions interest clients show support vision screening Asset Planning Wells Fargo employees Part D premiums . FEMA website jury duty EEChecklist-Kits.pdf stockpilingchecklist.pdf Treasury Department debt Fox News story retirement Medicare question Labor Day July 3 rd fees policy spread credit score