With 2022 in the rearview, it’s tax-filing season. Below you’ll find an overview of changes in tax law for 2022 as well as a brief checklist of documents to gather when preparing to file. The first thing you should know is that the due date for your 2022 Form 1040 is April 18, 2023, instead […]
When the market experiences heightened volatility, resulting in negative performance, it can have a significant impact on investments. Though account values may look disheartening for many this year (as the S&P 500 was -17.13% as of November 21st, 2022), it may be possible to find a silver lining to cheer you up. Well at least […]
The Labor Department announced earlier this month that the consumer-price index increased 8.6% in May from the same month a year ago, marking its fastest pace since December 1981. This was above analyst expectations of 8.3% and sent U.S. stocks down as consumer sentiment dropped along with them. With ongoing inflation and a lagging stock market, you […]
Ever since they were first established back in 1998, Roth IRAs have been a game-changer in the retirement world. After years and years of only pre-tax retirement vehicles, Roth IRAs provided another way for savers to put money aside for the future. That said, let’s dive into what a Roth IRA is, who can use […]
Phil: Welcome back to Tull Financial, Financial Fridays! It’s been a little while but we’re glad to be back with you. It’s tax season, really coming down to the wire here. So you’ve got lots of questions about tax software, tax preparers, CPAs – who do I use? How do I know? And of course […]
Required minimum distributions have received a lot of attention over the past couple of years and you may be wondering what all the fuss is about. There are a lot of questions to ask yourself: Do I begin at 70 ½ or 72? How is it calculated? Why do I have to pay the dreaded […]
It’s that wonderful time of the year again – tax prep season! That said, we want to provide a brief overview of the changes to the income tax rules and limits as well as answer any questions related to the tax-related documents you may need when filing your return. The first thing you should know […]
There’s been a lot of buzz lately about I-Bonds after the Treasury announced in November that I-Bonds issued through April 2022 will earn an interest rate of 7.12%. So how do you get in on this historically high rate, and is it the right type of investment for you? As with most investment questions – […]
Having a four-year-old means one day (and I am in no rush!) my son will grow up and go to college. He currently has a financial plan set up through his godparents, and soon my husband and I will open one for him as well. With that being said, I have been learning a lot […]
Phil: Welcome to Tull Financial, Financial Friday where we give you a quick tip on a topic that has to do with financial planning services. Today’s topic is the fun topic, the great topic everyone loves—tax planning! Drew Overton here with me heads up a lot of our tax planning strategies in our office and […]