Tax Reform

The most significant tax legislation in over a generation will impact every taxpayer, regardless of size and complexity. We are staying on top of all the changes so you don't have to.

Building Success

Your success is our business. We strive to gain a deep understanding your business, not just the year-end financial results. In doing so, we aim to be your most trusted & valued advisor.

Transparent Fees

No one enjoys sticker shock. Most of our engagements are priced on an up-front, fixed basis. You will know the cost of our services before you decide to work with us.

Peace of Mind

You can rest easy knowing that your accounting, tax and business planning needs are in the hands of experienced professionals.

Retirement Planning

Retirement Planning - Plan Ahead Now, Reap the Benefits Later

Whether you're already retired, close to it, or just getting started in your career, it's never too early to start thinking about retirement planning. Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, retirement is right around the corner.

Some of the benefits of starting your retirement planning now instead of later include:

  • Providing long-term security for your family's future
  • Tax-free contributions - Pre-tax contributions are subject to income tax only after withdrawal, typically when you retire
  • Protection from bankruptcy creditors if you need to declare bankruptcy
  • Selection of retirement plans (IRAs, SIMPLE Plans, SEP plans, Keogh plans, and 401(K) plans to name a few) to meet everyone's needs

The key to successful retirement planning is an understanding your current financial situation and projecting future needs and developing a plan to make sure it happens. If you've already started saving for retirement, how do you know you're saving enough to live the comfortable lifestyle you deserve? Are your income expectations realistic? Are you sure you have your money in the right retirement plan for you?

Our Retirement Planning Services

Tax rules regarding retirement plans are complex however. Each benefit plan has specific requirements as outlined by the IRS and not every plan can be used by everyone. For example, contributions limits vary by the type of plan, your income, and your age. Some plans may require withdrawals at a certain age, while others have no age limit. Some withdrawals are taxed at retirement, whereas others are tax free. You'll need to understand the tax implications of your retirement planning choices.

That's why it's best to use a tax professional like us. When you use our retirement planning services, you benefit from our in-depth knowledge and years of retirement planning experience.

Here's what we do for you:

  • Evaluate your current financial situation, including assets and liabilities to achieve an overall value for your estate
  • Calculate the best way to withdraw funds from your 401K, IRA, Roth IRA, and other retirement plans, for example lump sum or installments over a certain period of years
  • Create a budget that meets your retirement goals
  • Review your individual Social Security account to determine when to begin taking your social security benefits
  • Figure out which retirement plan works best for you and your family, how much you need to contribute now to make sure you have enough money to live comfortably during your golden years
  • Determine whether you (or your small business) qualifies for a tax credit for contributing to an IRA
  • Develop a comprehensive retirement plan, keeping in mind that it is likely to change over the years as your life changes

Start Planning Your Financial Future Now

There's no time like the present to start planning your financial future. If you're ready to start planning for your retirement years, call us first. Don't wait until it is too late. We'll help you make sure your retirement years are nothing but smooth sailing ahead.

Contact us today for more information.

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What Others Say

Abrams P.C. has helped me on real estate partnership tax matters and reporting for several years. They are dependable, timely and always catch my mistakes. I would highly recommend Abrams P.C. if you are looking for a CPA firm that will take good care of you! -Aaron Goldstein, Gold Group Realty

Our company has continued to work with Abrams PC year after year for our accounting and tax needs. I always know I’m getting my money’s worth, and I enjoy having the opportunity to work with the same people year in, year out. -Zach Zelickson, Tri-Z Properties Properties

I have been working with Danny for a few years now and he has been absolutely wonderful! His attention to detail, professionalism and thoroughness is something that I would definitely recommend to my friends/family!-Omer Abramovich