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A tax-advantaged account offers certain tax benefits to encourage saving and investing for specific purposes. Find out how to improve the tax-efficiency of your financial plan. #taxadvantage #financialplanning

A tax-advantaged account offers certain tax benefits to encourage saving and investing for specific purposes. Find out how to improve the tax-efficiency of your financial plan. #taxadvantage #financialplanning #secureyourfuture

Maximize your wealth with smart tax strategies - discover how tax-advantaged accounts can enhance your financial plan and secure your future. #TaxPlanning #FinancialFreedom #InvestInYourFuture https://lnkd.in/dsb2eMRZ

From tax deadlines to inherited IRA rules and gig work reporting changes, there’s still time to make impactful financial moves before 2025! Dive into Part 5 of our year-end planning series for expert tips. Read more: https://bit.ly/3ZzBNWg

Death and taxes… While these topics might not be the most motivating or uplifting for a Thursday morning, they are undeniably universal. At Cedar + Co. we don't shy away from the realities of their existence, after all, just as death and taxes are constants, so too is the need for reliable financial advice. Let's first address everyone’s favourite… taxes. Benjamin Franklin famously quipped that taxes are one of life's certainties, and he couldn't have been more accurate. But here's the thing about taxes – they don't have to be daunting. With the right expertise and guidance, navigating the complex landscape of tax doesn’t have to be scary, we can help, that’s our job! Now, onto the topic of death – perhaps the ultimate certainty in life. While we can't change the inevitability of our mortality, we can certainly plan for it. Estate planning is a crucial aspect of financial management that often gets overlooked. We, along with our sister company, Cedar Wealth Planning, can help you plan for the future to ensure that your assets are protected and your loved ones are provided for, even after you're gone. But let's not dwell solely on the sombre aspects of life. Amidst the certainties of death and taxes, there exists a silver lining – the opportunity for financial empowerment. At Cedar + Co., we believe that sound financial management is the key to unlocking a brighter future. Whether you're an individual seeking to maximize your tax savings or a business owner striving for sustainable growth, we're here to provide the expertise and support you need to thrive. So, while death and taxes may loom large in the landscape of life, they need not overshadow your journey. With the right partners by your side, navigating these certainties becomes not only manageable but empowering. We're here to help you seize control of your financial destiny, one certainty at a time. Because in the end, it's not just about managing finances – it's about embracing life's uncertainties with confidence and clarity. If this has struck a chord, drop us a message or give us a call on 01332 292022 we’re always up for a coffee and chat!

Wondering how you can make the most of tax-advantaged accounts? We're officially halfway through the year— which means it's the perfect time to check if you're maximizing these benefits and set yourself up well for 2025! Check out the graphics below to learn about the different tax-advantaged accounts available, and how they can help you save on taxes while planning for your financial future. Ready to boost your financial strategy? We're here to help! Reach out to our team today by visiting: https://lnkd.in/e7SnvhJY #TaxAdvantagedAccounts #FinancialPlanning #SmartInvesting

Get ahead of tax season with these actionable tips for 2025. Whether you're planning a wedding, buying a house, or running a business, this guide will help you maximize your financial outcomes. Start preparing now! https://loom.ly/rXVWLVI #taxplanning #taxstrategy #2025taxprep #OCaccountants

Maximize your savings! Learn key strategies to boost your contributions to tax-sheltered Roth accounts and secure your financial future. 💸🌟 #RothIRA

Wondering how you can make the most of tax-advantaged accounts? We're officially halfway through the year— which means it's the perfect time to check if you're maximizing these benefits and set yourself up well for 2025! Check out the graphics below to learn about the different tax-advantaged accounts available, and how they can help you save on taxes while planning for your financial future. Ready to boost your financial strategy? We're here to help! Reach out to our team today by visiting: https://lnkd.in/eMk8gm-U #TaxAdvantagedAccounts #FinancialPlanning #SmartInvesting

Here is this weeks "Ask an FA" Q&A where I provide relevant info and seasoned knowledge to the community directly from experienced financial advisors: Question: What's the difference between the two types of IRA accounts (Roth IRA and IRA)? Should you have both an IRA/Roth and a 401k, or is one sufficient? Answers: - You contribute to a Roth IRA on an after-tax basis and you don't pay taxes on it later when you withdraw the money, not even on the gains. You contribute to a IRA on a pre-tax basis so you get a deduction today on taxes, yet you pay taxes on the amount contributed as well as the gains later when you withdraw the funds. When it comes to 401k's vs Roth/IRA, it is great to get the company match up to the max amount (or as much of it as is possible) each year in the 401k, and then you can contribute to the IRA/Roth for the rest of the year. 2024's IRA/Roth max contribution is $7,000 ($8,000 if you are 50 or older). A 401k plan may have a limited array of investment options. Investing involves risk. Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions DM or add a comment with any questions you'd like answered. Have an awesome week!