theresa

2019 Summer Saving Strategies

May 1st, 2019|

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning

Temperatures are warming up and flowers are blooming which means summer is right around the corner.  Have you been busy making summer plans?  Are you going to travel somewhere for a well-deserved vacation?  Are you planning to finally read that book you […]

Congratulations! It’s Tax Freedom Day!

April 16th, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

You may still be recovering from paying your income taxes, but did you know that you can now celebrate “Tax Freedom Day®” according to the nonpartisan Tax Foundation.  Today, American taxpayers will have earned enough as a whole to pay off their federal, state, […]

April Brings Taxes, National Retirement Planning Week and Financial Literacy Month

April 11th, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Nowadays, it seems there is a day, week, or month devoted to everything – National Garlic Day, National Bowling Week, and National Canine Fitness Month to name a few.  In the financial world, the month of April bring us our tax filing deadline day, […]

Tax Tip Tuesday: Is My Social Security Taxable?

April 2nd, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

At one time, all Social Security benefits were tax free. Today, if your only source of retirement income is Social Security, then it may still be tax free.  Most people must pay income taxes on a portion of their Social Security income.  The higher […]

Tax Tip Tuesday: What Will You Do with Your Tax Refund? Direct Deposit It to Your IRA!

March 19th, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

If you haven’t yet filed your tax return and are expecting a refund this year, there is an easy way to turn that refund into retirement savings without being tempted to spend it. Did you know you can direct deposit your tax refund into […]

Tax Tip Tuesday: There’s Still Time to Contribute to Your IRAs

March 5th, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

It’s not too late! You can still make a contribution to your traditional or Roth IRA. Regardless of when you file your income tax return, April 15, 2019 is the deadline for the 2018 tax year for most people (see below for details). For […]

Year-End Financial To-Do: Your IRA Checklist – Check it Twice!

December 20th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Have you been making your lists and checking them twice?  Here are some IRA “To-Dos” you may want to check off before this year is over.

Have You Made Your IRA Contributions? It’s not too late.

Anyone who is working and has earned income can […]

Year-End Financial To-Do: Tax Relief is Available for Victims of Recent Disasters

December 4th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Hurricanes Florence and Michael have had a significant and devastating impact on many U.S. taxpayers.  Individuals and businesses impacted by Hurricane Florence, located in certain counties of North Carolina, South Carolina, and Virginia, will have various tax deadlines postponed until January 31, 2019.  Those […]

Year-End Financial To-Do: Take Your RMDs; Consider QCDs

November 13th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

It might be hard to believe, but the end of 2018 is nearly here.  As you plan out your holiday and year-end activities, don’t forget to add your financial “To-Dos” to your list.  This year, the most sweeping tax reform in decades became effective […]

Scary Financial Mistakes: IRA Rollover Blunders

October 24th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Nothing can be scarier than receiving an IRS notice in the mail, especially if the letter suggests that you owe additional taxes, interest, or penalties.  When a botched IRA rollover is the cause, that mistake can lead to bigger problems with the loss of […]