7 Easy Year End Tax Saving Steps for Connecticut Taxpayers

  1) Fund a CHET 529 College Savings Plan   529 College Savings Plans are an effective way to save for a child’s or grandchild’s education.  The State of Connecticut allows Connecticut Taxpayers to fund a Connecticut Higher Education Trust (“CHET”) 529 College Savings Plan and take a State Income Tax Deduction.  Married couples filing a… Continue Reading: 7 Easy Year End Tax Saving Steps for Connecticut Taxpayers

The Difference Between a Roth IRA Contribution and a Roth Conversion

Roth IRA   The Roth IRA (“Roth”) is an excellent tool to help provide for retirement funding.  Here are 3 Proven Reasons You Need a Roth IRA. The Roth is a younger investor’s best vehicle to use.  Unlike the IRA, the Roth is not income tax deductible.  This means contributions to a Roth are made… Continue Reading: The Difference Between a Roth IRA Contribution and a Roth Conversion