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Posted by: Charles P Myrick CPA Posted on: Aug 20 2019

What Advantages Do You Get With a Roth IRA?

The retirement account is a valuable asset. Every worker should start savings and asset building strategies as early as possible. A common question I hear from my clients is which type of retirement account is best. There are various types and your best one depends on your situation. The Roth IRA is one of the options. 

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Posted by: Charles P Myrick CPA Posted on: Jul 31 2019

Has An IRS Imposter Targeted You?

Now and then I hear from a client who suspects that an IRS imposter is targeting them with a fraudulent phone call or email. According to the IRS, these calls are becoming more frequent and are increasingly aided by robocall technology. My first response is always the same: Don’t respond. 

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Posted by: Charles P Myrick CPA Posted on: Jul 02 2019

How to Use Tax Planning for Wealth Building

I tell all my tax preparation clients that the true key to building wealth lies in building assets. A savings account in a bank is not the answer. Bank accounts have low interest rates, so you will barely make any money. However, a solid investment strategy and smart tax planning will allow your money to work for you.

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Posted by: Charles P Myrick CPA Posted on: Jun 06 2019

What You Should Know About Your Retirement Plan

 

When I talk with clients about financial planning I include the importance of a durable approach to retirement. My message? Whether you are starting your career or have been at it for a while, you should be taking advantage of the retirement plans that are available. 

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Posted by: Charles P Myrick CPA Posted on: Mar 26 2019

How Can Millennials Focus on Building Wealth?

I look at the millennial generation and see incredible opportunities for financial planning and wealth building. There's something about the spirit of this young generation. Many are exploring the possibility of early retirement and are eager to reach financial independence in order to do so. My advice is always to focus on acquiring assets. 

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Posted by: Charles P Myrick CPA Posted on: Feb 26 2019

3 of the Best Reasons to File Your Taxes Early

As a CPA during tax season, I meet with lots of people. Many of them are regular clients who engage in year-round tax planning. For these people, tax season has few if any surprises. Others aren’t so well prepared. No one wants to pay more in taxes than they have to. Two of the best strategies for preventing that are tax planning and early filing.

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Posted by: Charles P Myrick CPA Posted on: Dec 26 2018

Do You Have the Right Kind of Retirement Plan?

 

Have you begun to think about changes to make in the New Year? It's a good time to review your finances and pay particular attention to your retirement plan.  Like most workers, you probably depend on  a combination of employer sponsored and individual plans. There are two primary retirement plan types — 401(k)s and IRAs — and your challenge is to know how to choose the right plan for you. 

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Posted by: Charles P Myrick CPA Posted on: Nov 28 2018

How to Build Assets From Income With Tax Strategies

The true key to building wealth lies in building assets. Regardless of how much money you make, you can start converting your income into assets using tax strategies. The system is set up to go after income instead of wealth. The tax code offers incentives for asset building and your tax professional can advise you on the tax efficient strategies available. 

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Posted by: Charles P Myrick CPA Posted on: Oct 23 2018

You Can Save Money With Year-End Tax Planning

The last quarter of any year is a busy one for anyone who wants to get a jump on tax planning and preparation. With holidays and shopping competing for your attention it’s easy to lose your focus on long-range financial planning. However, for those who can set aside time to review their finances, the advantages gained are many.

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Posted by: Charles P Myrick CPA Posted on: Sep 18 2018

What Are the Advantages of a Roth IRA?

Today young workers are encouraged to start savings and asset building strategies as early as possible. A valuable asset to most individuals is their retirement account. A common question is whether to choose a traditional (tax-deferred) or a Roth option. 

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