Benefit of 401(k) tax credit for small business that start 401(k) plans
My brother John Novak, a well established 401(k) expert, shared some calculations that he made for his own clients illustrating the impact […]
Category: Retirement
Impact of the SECURE Act on business retirement plans
Ted Benna, called “the father of 401(k)s” was one of my first business mentors when I left Wall Street in 1997 and […]
IRAs and the Retirement Income Myth
Tony Novak, CPA financial planner
Continuing the tax planning conversation
A big part of the tax and financial planning conversation I’m having lately with local upper middle class people my age and […]
Don’t get angry, get tax free
A wave of recent media reports indicates that a large number of taxpayers are angry this filing season. Some people point out […]
A fresh look at RMDs
Background Required Minimum Distributions (RMDs) are a common topic of focus in personal financial planning. This is nothing new. I first published […]
Tax review for single retired woman in Florida
A friend asked me to review the tax return of a single retired relative living in Florida. The simple question was why […]
Who benefits the most from tax planning?
Our tax laws provide more opportunity to some people than others. I find that some people can save tens of thousands of […]
Impact of Tax Reform on the Finances of Seniors
Most of the changes included in the Tax Cuts and Jobs Act are already effective for 2018. These are mostly good news […]
What the heck is a 501(k) plan?
The financial services industry has a long history of creating new marketing terms to help sell its products. Certainly this is a […]