by Independent Financial Services | Mar 15, 2022 | Tax Planning
Everybody who works is legally required to contribute their fair share of taxes to the government. Although it is surely a pain and not particularly enjoyable, it is an important way to fund public services which society depends upon. Also, failure to pay your taxes...
by Independent Financial Services | Dec 23, 2021 | Retirement Planning
It is generally not advisable to withdraw funds early from your 401(k) due to significant penalties for doing so. If you take funds out of your 401(k) before you reach the age of 59 ½ you will be subject to a 10% penalty levied by the Internal Revenue Service (IRS)....
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