Financial Tips & Resources
Whether you are looking for tips and resources to help with your taxes or looking to plan for your retirement and need access to useful tools to pick the right insurance products for you, the Skyrocket Tax Service blog is your one-stop resource to give you a head start!
What Is the W4 Form? The W4 form is an exemption certificate to notify your employer of state income tax withholding. This form also indicates how many exemptions you would like to claim from your pay. You are required to file a new form every year, and you will also need to file a new form whenever any life events occur (e.g., getting married, divorced, having a child, etc.). To fill out a W-4 form:
Annuities investment in the volatile stock market: considering retirement planning Annuities are a safe investment in a volatile stock market. Even if the stock market crashes, certain annuities will guarantee interest rates and protection against market volatility, making them one of the safest options. When you are close to your retirement age, you want to invest your retirement income in a safe and fixed annuity that will pay you a handsome amount after retirement. One
What are the benefits of annuities? Annuity withdrawals must be kept in mind, before making any decision about investment in annuities. An annuity is a retirement planning investment that has many benefits. First, annuities grow tax-deferred. This means you are not taxed on any gains that accumulate inside the annuity until you withdraw. Second, if you withdraw before age 59 1/2, you may incur a 10% early withdrawal penalty and regular income tax on the
What is the Standard Practice of Charging for Tax return preparation? Tax preparer charges is the main thing When it comes to tax preparation services, There are many National Society of Accountants that are preparing and filing tax returns for their clients most return preparers charge a flat fee. However, some may choose to charge by the hour. The average fee for a Form 1040, Schedule A (itemized deductions), Schedule C (profit or loss from
How Do You Convert an IRA to a Roth IRA Annuity? IRA stands for (Individual Retirement Account), and it simply provides tax advantages for retirement savings. You may be wondering if there is a tax penalty for converting an IRA annuity to a Roth IRA. The answer is, it depends. As the IRA annuity withdrawal rules for withdrawing money differ from Roth IRA. If you convert your IRA to a Roth IRA Annuity. The fair