Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here“What Is A Roth IRA?” There are two basic types of IRA retirement accounts. ==The Regular IRA ==The Roth IRA A Regular IRA: ==$6,000 annual deposit limit ($1,000 catch up if over age 50) ==money grows tax deferred during your working years ==at retirement you get […]
Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here: “What Is A Power of Attorney For Health Care?” A Power of Attorney For Heath Care is a document you sign that gives the person you designate the power to make medical decisions for you in the event you are unable to make decisions for […]
Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett hereQualified Business Income Deduction The new tax bill, The Tax Cut And Jobs Act Bill contains a brand new business deduction:the Qualified Business Income Deduction. Eligible taxpayers may be entitled to a deductionof up to 20 percent of qualified business income(QBI) from a domestic business operated […]
Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here“Are My Social Security Benefits Taxed?” There’s good news and bad news…. The good news: If you don’t have any other income other than your Social Security, chances are you won’t pay much tax. The bad news: If you’re like MOST peopleand you’re receiving other income […]
just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here 2019 Qualified Retirement Plan Contribution Limits A ‘Qualified’ Retirement Plan is a plan==savings program just for retirement==money placed in grows tax deferred==special tax rules apply to each type of qualified plan 2019 Qualified Plan Contribution LimitsThe saying ‘there’s no free lunch ‘applies equally to Qualified Retirement […]
Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here Estate Plan Series: ‘What Is A Will And Why Should You Have One’ In previous newsletters I’ve shared that a proper Estate Plan has 5 components: 1. Last Will;2. Power of Attorney For Healthcare; 3. Power of Attorney For Property and5. Revocable Living Trust. Today […]
Just south of ‘Sawmill Creek…..Hi Attorney Kevin Pritchett here Who Is Eligible For Social Security Spousal Benefits Let me break it down by category Non Working Spouse If you are a non working spouse you can qualify for Social Security under these conditions: ==your partner must qualify for Social Security on their own working history […]
Just south of ‘Sawmill Creek….. Hi Attorney Kevin Pritchett here The Biggest Business Mistake You’re Probably Making One of the biggest mistakes you’re making right now with your business is……. YOU HAVE NO SUCCESSION PLAN BUILT INTO YOUR OPERATING DOCUMENTS!!! I’m right about that aren’t I ???? You’re so busy building and growing you […]
Just south of ‘Sawmill Creek….. Hi Attorney Kevin Pritchett here “Kevin can I earn more than 3.5%…….?” Yes and No A client recently asked me this question…and like I told that client…yes…and no!! First..legal disclaimer. I am NOT an investment advisor, securities representative nor do I play one on TV. If you have […]
Just south of ‘Sawmill Creek….. Hi Attorney Kevin Pritchett hereDo You Know What Your IRA/401k/403b REALLY Is? You probably believe what you’ve been told…that your Qualified Retirement Accounts are a great way for you to save for your retirement….yes and no. What you probably DON’T know (unless you’re my client already or attended one […]