Traditionally, many Americans have viewed 65 as a target retirement age. However, there’s usually no legal requirement that you retire when you turn 65. Most Americans are free to retire either after or before this age, if they have the…
The recently enacted Tax Cuts and Jobs Act (TCJA) added Section 199A to the tax code, providing a new 20% deduction for owners of “pass-through entities.” The deduction is designed to help these entities compete with C corporations, which now…
One downside of a traditional IRA is that, once you reach age 70½, you must begin taking required minimum distributions (RMDs) — and pay taxes on those distributions — whether you need the money or not. But if you’re charitably…
Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. Achieving a comparable rate of growth organically — by increasing sales…
