Posts by Jane Thier
Taxes
Are Closing Costs Tax-Deductible?
When you’re filing your taxes, there’s a whole lot to consider. From figuring out who counts as a dependent to organizing your income streams, you may find the process a bit overwhelming. And if you’re a new homeowner tackling mortgage… Read more…
Retirement
401(k) Contribution Limits for 2023
Contributing to your 401(k) is a great way to prepare for retirement, allowing for tax-deferred growth and, in some cases, employer matching contributions. If you really want to boost your savings, you might even contribute the maximum to the account. For… Read more…
Retirement
Missouri Retirement System
The state retirement system of Missouri covers the multiple types of employees working on behalf of the state. The Missouri State Employees’ Retirement System (MOSERS) was established in 1957. Under the management of a board of trustees, it currently provides retirement benefits to most state public employees. MOSERS delivers those retirement benefits through pension trust funds.… Read more…
Retirement
Mississippi Retirement System
The state retirement system of Mississippi consists of seven different retirement plans to account for the multiple types of employees working for the state. It’s important to understand how your pension plan works and what you can count on for… Read more…
Retirement
South Dakota Retirement System
The state retirement system of South Dakota covers the multiple types of employees working on behalf of the state. The South Dakota Retirement System (SDRS) is a cost-sharing, multi-employer retirement system for public employees, and it supports over 200,000 participants.… Read more…
Retirement
Maryland Retirement System
The state retirement system of Maryland consists of seven different retirement plans to cover the multiple types of state employees. Before we dive deep into the intricacies of each system, take the time to brush up on pensions. If you… Read more…
Retirement
Indiana Retirement System
The state retirement system of Indiana comprises several different retirement plans to cover the wide range of public employees working on behalf of the state. As pension systems can be complex, you may value some extra assistance in understanding the… Read more…
Retirement
Perpetuity: What Is It and Can You Buy One?
Simply put, a perpetuity in the financial world is the present value of a stream of cash that goes on into the future, forever. Though cash payments are infinite, it’s possible to calculate their present total value because the value… Read more…
Retirement
What Is a Backdoor Roth IRA, and Is It Right for You?
If you’re looking to get ahead on planning for retirement, individual retirement accounts, or IRAs are great tool. An IRA is a tax-advantaged vehicle that helps you grow your retirement savings over time. Roth IRAs are particularly attractive, because you don’t pay taxes on withdrawals in retirement. There’s one problem: you can’t contribute to a… Read more…
Retirement
EA vs. CPA: What’s the Difference?
When it comes to accounting and tax planning, you may get easily confused amid the sea of acronyms. But a solid understanding of certain accreditations is key if you’re looking for a licensed tax professional to guide you through your… Read more…