Now’s a Good Time to Consider a Roth Conversion

Now’s a Good Time to Consider a Roth Conversion

Nov 25, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  This year has been challenging on many fronts, but one financial opportunity may have emerged from the economic turbulence. If you’ve been thinking about converting your traditional IRA to a Roth, now might be an...
Year-End 2020 Tax Tips

Year-End 2020 Tax Tips

Nov 18, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  Here are some things to consider as you weigh potential tax moves before the end of the year. Defer income to next year Consider opportunities to defer income to 2021, particularly if you think you may be in a lower tax...
IRA and Retirement Plan Limits for 2021

IRA and Retirement Plan Limits for 2021

Nov 11, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  Many IRA and retirement plan limits are indexed for inflation each year. While some of the limits remain unchanged for 2021, other key numbers have increased. IRA contribution limits The maximum amount you can contribute to a...
Open Enrollment for Health Insurance Marketplace Is Here

Open Enrollment for Health Insurance Marketplace Is Here

Nov 4, 2020 | News to Note

Pinnacle Wealth Planning Services, Inc. —  The portal opened Nov. 1 for Individuals (including families) to apply for new health insurance, switch to a different health-care plan, or re-enroll in their current plan through a Health Insurance Marketplace under the...
Form 1099-NEC makes debut with 2020 tax filing

Form 1099-NEC makes debut with 2020 tax filing

Oct 28, 2020 | News to Note

From the Pinnacle CPA Advisory Group —  Dear Clients and Friends, We hope you are well. We are writing to provide information about a reporting requirement change for those businesses that make payments to independent contractors or others that provide services in a...
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