When You Have Multiple Financial Goals, When Should You Fund Your IRA?

by GruffyGoat Team | Mar 15, 2016 | Retirement

You probably have a few financial goals: pay off debt, fund your HSA, buy a new home, and . . . save for retirement. You know saving for retirement is important, but how important is it, relative to your other goals? How much should you put in while you’re working...

Planning for Retirement? Don’t Forget Your House

by GruffyGoat Team | Nov 16, 2015 | Retirement

Real estate is an investment — one that many people forget about when planning for retirement. The home that you raised a family in isn’t the one you need for retirement. With kids out of the house and no reason for a big yard, you can easily downsize for the house...

Don’t Forget Your Small-Business Succession Plan

by GruffyGoat Team | Sep 29, 2015 | Retirement, Small Business

According to a survey by CNBC earlier this year, while 78% of small-business owners intend to sell their businesses to fund their retirements, fewer than 30% have a written succession plan. At the same time, more than 50% of small business owners are 50 or older. If...

IRS Offers Penalty Reduction For Late Retirement Plan Returns

by GruffyGoat Team | Sep 25, 2015 | Retirement, Small Business

Many small business owners may not be aware that they are required to file a return with the IRS for their retirement plan. If you miss filing a Form 5500-EZ and you have a small business retirement plan, you may face stiff penalties of up to $15,000 per missed...