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
  564 Hits
564 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!

Melani

 

Continue reading
  724 Hits
724 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!

Melani

Continue reading
  703 Hits
703 Hits

Search Blogs Module

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