Member Blogs

We have figured out who will win the election. The people we serve often ask us how the upcoming election will impact their investments. While many seem to have strong feelings about one or both candidates, ultimately we see this as an economic question and so we always attempt to offer an economic answer. And [] The post The Obvious Winner of the Upcoming Elections appeared first on ProsperiTea Planning - Greenfield, MA .

Planning for college expenses can be a daunting task for many families. With the continuously rising costs of higher education, its crucial to explore various avenues for saving and investing wisely. One such avenue that often goes underutilized for college savings is the Roth Individual Retirement Account (IRA). Let’s explore the advantages of incorporating a [] The post Maximizing College Savings: Leveraging Roth IRA for Education Expenses appeared first on Favored FP .

In my last blog article, I reviewed Federal income tax liability. Today we move to Social Security tax. Almost all workers, whether they work for themselves or someone else, pay Social Security taxes. How much do you pay? Let’s begin with taxpayers who work for someone else. Employees pay Social Security tax of 6.2% on []

The IRS will notify you of an audit through the mail, the agency will not initiate an audit over the telephone. Most audits are handled through the mail without the need to meet with an IRS agent.

I love baseball. It’s the best. With baseball season starting and tax returns due soon, let’s take a look at an interesting intersection between the worlds of baseball and taxes: Shohei Ohtani’s contract.