The talk of 2022 has been about the spike in inflation and its trickle-down effect on the financial markets. Considering the recent uptick in inflation, the IRS announced the changes to Social Security, Medicare, Retirement Accounts, and Taxes. Social Security: The Social Security Administration announced the annual Cost of Living adjustment of 8.7%, or an… READ MORE

Recently, the Florida State Senate approved Senate House Bill 5007, which allows qualified Law Enforcement personnel to participate in DROP for up to an additional 36 months beyond the previous maximum limit of 60 months.  Eligible Law Enforcement personnel currently in DROP and within six months of ending their DROP participation period may apply for… READ MORE

Unlike a traditional IRA, Roth IRA contributions don’t provide you with a tax deduction upfront. Contributions to a Roth IRA are made with after-tax dollars rather than pre-tax dollars, meaning that the money has already been taxed when it goes into the account. Instead, you get a tax benefit on the back end in the… READ MORE

The last month of the year means a lot of things – holidays, parties, bowl games, and more. It’s also an opportunity to do year-end tax planning. By now, you have a good idea of where you will end 2021 in terms of income earned and deductions available. One key late-year decision is to analyze… READ MORE

The Investment Company Act of 1940 created what is known as Mutual Funds. These funds pool together client capital to invest in companies through stocks and/or bonds. Individual investors own shares of the mutual fund instead of the underlying shares of the stocks/bonds that the fund owns. Mutual funds allow investors to have broad diversification… READ MORE