A successful retirement begins with having the money you need to enjoy your new status as a “retiree”. A big component of retirement financial security is having an effective, tax-strategic withdrawal…

WHEN YOU SELL AN INVESTMENT, the difference between the price you receive from the sale and your basis (generally what you paid for it) is either a capital gain or a capital loss. If you sell at a profit,…

Knowing these key financial things can help you manage your finances today and lay a solid financial groundwork for your next 40 years.   Taxes   The fastest way to get your refund.   According to…

  Retirement Plans for Small Businesses and Self-Employed Individuals: Simple IRA: A good choice for businesses with fewer than 100 employees that want an easy-to-operate plan that their employees…

An easy, tax-smart way to manage your charitable giving. Perhaps the easiest way to grasp the potential of a donor-advised fund is to think of it as a way to make grants to charities without the expense…

Travel & Leisure: Stacey Leasca, April 12, 2017. Haven’t paid your taxes to Uncle Sam yet? Luckily for you, Tax Day has been extended to April 18 this year, and things get even better if you actually…

Your income may be tight and your expenses plentiful if you’ve recently graduated from college and begun working. Between paying your living expenses and perhaps making student loan payments, there may…

529 College Savings plans are state-sponsored savings plans with tax advantages that may make it easier to save for college or other post-secondary education. The plans are named after Section 529 of the…

Today, nearly every state offers at least one 529 college savings plan. 529 plans are state-sponsored savings plans with tax advantages that may make it easier to save for college and there are many good…

Posted by Davis & Hodgdon Associate CPAs, November 7, 2017. 'Tis the season for giving thanks! The holidays are upon us prompting many to consider charitable giving. Before moving forward review these…