Posts by GRA News Blog
Non-Refundable vs Refundable Tax Credits: What’s the Difference?
Tax credits and deductions play a crucial role in reducing your tax liability, providing valuable ways to lower the income tax you owe. Described by the IRS as a “dollar-for-dollar”…
Read MoreHow to save for retirement when you’re in your 30s
Entering your 30s brings increased responsibilities, from purchasing your first home to expanding your family. With the addition of marriage, a mortgage, and the costs of raising children and pets,…
Read MoreWhat To Know About The Roth Solo 401(k) In 2024?
You could maximize your tax-free retirement income with a Roth Solo 401(k), a strategic choice for savvy business owners. This unique retirement account allows both you and your spouse to…
Read MoreIRS Tax Move Will Save Money For Millions of Americans — Check if You’re Eligible
The IRS is introducing the Direct File pilot program, a new initiative allowing Americans to file their tax returns for free without relying on third-party services such as TurboTax or…
Read MoreWhat Comes After a Good Year in the Stock Market?
The stock market’s cyclical nature often sees bad years followed by good ones, though not without exceptions. The natural question arises: What occurs after good years? How frequent are positive…
Read More4 big things homeowners insurance doesn’t cover — and what you can do to protect yourself
Safeguarding your most significant investment, homeowners insurance is crucial, especially if you have a mortgage, as it is often a requirement. Commonly known as an HO-3 policy, standard homeowners insurance…
Read MoreI’m a Financial Advisor: Here Are 9 Retirement Planning Tips for Freelancers
Freelancers face distinct challenges in retirement planning, lacking traditional employer benefits like sponsored retirement accounts and HR support. With fluctuating incomes, saving consistently for retirement can be challenging. Financial advisors…
Read MoreWarren Buffett warns there’s only 1 way a ‘smart person’ can go broke — are you making this big financial misstep?
Discover the startling financial realities faced by over 60% of Americans living paycheck to paycheck, as revealed by PYMNTS. Dive into the latest data from the Federal Reserve, exposing the…
Read MoreTen Things To Think About Before You Claim Social Security
Don’t navigate the Social Security maze alone! Deciding when to claim benefits is a crucial aspect of financial planning, and the answer isn’t one-size-fits-all. Dive into the nuances of this…
Read MoreFive Things to Know About Social Security and Your Taxes
Unlocking the truth about Social Security taxes! Amidst the confusion, a common misconception prevails that Social Security benefits are tax-free. Brace yourself for a reality check as we delve into…
Read More