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Thursday, Jul 19
All Day Discover the Magic at Middleton's Hallmark Keepsake Ornament Premiere Starting This Weekend!
All Day Jungle Adventure VBS at Big Trees Community Bible Church July 16 - 20
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Until 12:00 PM Jungle Adventure VBS at Big Trees Community Bible Church July 16 - 20
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All Day Discover the Magic at Middleton's Hallmark Keepsake Ornament Premiere Starting This Weekend!
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11:00 AM Guided Tours of Ironstone Vineyards
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12:00 PM The 25th Annual Murphys Duck Races are July 21st!
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05:00 PM Chains Required at Camp Connell General Store
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06:00 PM Free Concert & Pool Party Featuring The Lava Cats
07:00 PM Isley Brothers & The Commodores with Special Guest The Family Stone at Ironstone July 21st
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08:00 PM Sat. July 21st - Misner & Smith - Sutter Creek Theatre - Sutter Creek, CA
Sunday, Jul 22
All Day Discover the Magic at Middleton's Hallmark Keepsake Ornament Premiere Starting This Weekend!
All Day Exotic Bird Show
11:00 AM Sunday Funday at Ironstone Vineyards
11:00 AM Guided Tours of Ironstone Vineyards
11:00 AM Town Tours of Columbia State Historic Park
12:00 PM Sierra Nevada Logging Museum Open Thurs - Sun
All Day Summer Chalking Class Series
All Day Writers Unlimited Evening Meetings
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Monday, Jul 23
04:00 PM Help the Tesch Family Rebuild Spaghetti Feed
All Day Summer Chalking Class Series
Until 09:00 PM Writers Unlimited Evening Meetings
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Tuesday, Jul 24
05:45 PM Focus Groups
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Wednesday, Jul 25
11:00 AM Guided Tours of Ironstone Vineyards
05:30 PM Locals' Night with Milliaire
All Day Summer Chalking Class Series
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Thursday, Jul 26
11:00 AM Guided Tours of Ironstone Vineyards
12:00 PM Sierra Nevada Logging Museum Open Thurs - Sun
All Day Summer Chalking Class Series
All Day Song Posse
Friday, Jul 27
11:00 AM Guided Tours of Ironstone Vineyards
12:00 PM Sierra Nevada Logging Museum Open Thurs - Sun
05:00 PM Angels Camp Farmers Market
05:30 PM Friday Night Music at Alchemy
06:00 PM Cooking Class at Marisolio- Naan Bread with Curries July's Fantastic Pies
All Day Summer Chalking Class Series
All Day Song Posse
Saturday, Jul 28
All Day 41st Annual Twain Harte Summer Arts & Wine Festival 2018
All Day Exotic Bird Show
09:30 AM North Grove Photography Walks at Big Trees State Park
10:00 AM Old Timers Museum Walking Tours Are Every Saturday at 10am.
11:00 AM Guided Tours of Ironstone Vineyards
12:00 PM Sierra Nevada Logging Museum Open Thurs - Sun
03:00 PM La Grange Odd Fellows Catfish Dinner Saturday July 28th
All Day Summer Chalking Class Series
Until 08:30 PM Song Posse
07:00 PM Willie Nelson & Family, Alison Krauss at Ironstone Amphitheatre July 28th
07:00 PM Bear Valley Summer Music Series! June 30th - Labor Day
Sunday, Jul 29
All Day 41st Annual Twain Harte Summer Arts & Wine Festival 2018
All Day Exotic Bird Show
11:00 AM Sunday Funday at Ironstone Vineyards
11:00 AM Guided Tours of Ironstone Vineyards
11:00 AM Town Tours of Columbia State Historic Park
12:00 PM Sierra Nevada Logging Museum Open Thurs - Sun
04:00 PM Storytellers Guild
All Day Summer Chalking Class Series
Monday, Jul 30
All Day Summer Chalking Class Series
Tuesday, Jul 31
All Day Summer Chalking Class Series
Wednesday, Aug 1
11:00 AM Guided Tours of Ironstone Vineyards
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Posted by: thepinetree on 04/11/2016 07:57 PM Updated by: thepinetree on 04/11/2016 07:57 PM
Expires: 01/01/2021 12:00 AM
:

The Biggest Mistake by Taxpayers This Time of Year ~ Cory Burnell, CFA

Valley Springs, CA...It's time again to file tax returns and suffer the burden that is INCOME TAX. If your Adjusted Gross Income is over $36,841 (as of 2013 data), you are among the half of Americans who pay more than 97% of the federal income taxes collected*. So what can you do to keep more of your hard earned money in your pocket rather than Uncle Sam's? It's really simple, but likely you forget to do this most years. In fact, it's the most common mistake I see as a financial advisor every year: failure to shift savings into an IRA.

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The tax savings from making such a shift can be tremendous. If you're under age 50, you can move up to $5,500 into an IRA for the 2015 tax year, and if you're married, so can your spouse for a total of up to $11,000 between the two of you. If you're age 50 or more, you can do up to $6,500 ($13,000 total for a married couple). But you say, "I don't have an extra $5,500 - $13,000 laying around." Quite right, many of us don't. However, I see it time and time again where people forget about their non-retirement investment accounts or bank savings accounts often with relatively large balances in them. A contribution to an IRA doesn't have to come from "new" money, but can rather simply be a transfer from a non-retirement investment or bank account.

For example, do you have a non-retirement account at a brokerage firm or a mutual fund company? What about a bank account with $20,000 or more languishing at interest rates not even worth mentioning? Just move $5,500 from one of those accounts into your Traditional IRA, and you've saved yourself more than $1,000 in taxes. Simply by shifting your money from one "pocket" to the other, your pockets remain fuller.

"Just how much can I save in taxes?" you might ask. Well, if you're in the 25% federal and 9.3% state tax brackets a $5,500 IRA contribution will save you $1,886 in taxes. That can increase to $4,459 in tax savings for a married couple over age 50 in that bracket who makes the $13,000 max contribution. All that savings for just moving money from one account to another.

If you would like, our firm can provide advice specific to your situation at absolutely no charge or obligation. Just call us at 888-845-4141 or schedule a call or meeting here.

Need an IRA opened immediately or want to "do-it-yourself"? Open an account online now in a matter of minutes.

I look forward to helping you reach your goals through improved financial strategies. Want more information about tax strategies? Attend one of our upcoming events.

Cory Burnell, CFA


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