Should My Child Have a Summer Job – Yes or No?
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Should My Child Have a Summer Job – Yes or No?

The answer? ABSOLUTELY! Many parents start thinking about summer jobs for their older children when summer rolls around. But it’s not just about earning money—it’s about making intelligent decisions to benefit you and your children. Let’s break down key considerations and opportunities when it comes to making those summer earnings: 1. Understanding Employee vs. Contractor…

Mastering the Backdoor Roth IRA: A Comprehensive Guide
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Mastering the Backdoor Roth IRA: A Comprehensive Guide

Fear not if you’ve found yourself hitting the income limits for direct Roth IRA contributions. The Backdoor Roth IRA might be your ticket to tax-advantaged growth. In this step-by-step guide, we’ll walk you through the process, from laying the groundwork with a traditional IRA to navigating the conversion to a Roth. Plus, we’ll highlight key…

Even James Bond Needs Documentation
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Even James Bond Needs Documentation

In his escapades and adventures, James Bond may have used many tricks to escape death. However, even James Bond would have needed documentation to deduct the cost of his Aston Martin. Court nixes most auto deductions:  In the summary judgment issued by a Tax Court Judge, he ruled that the owner of a Long Beach, California-based `…

Dad and Medicare – info you might need for your parents.
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Dad and Medicare – info you might need for your parents.

As we grow older, the parent/child roles often reverse, and we find ourselves caring for the very parents who once cared for us. That reversal has happened to myself and my parents, specifically my Dad. This past weekend, I experienced the struggle to access and coordinate my Dad’s ongoing care through Medicare.  I am sharing…