Scribner, Cohen and Company, S.C. ClientLine Newsletter

Scribner, Cohen and Company, S.C.

Phone: 414-271-1700

March 2025

The Benefits of Financial and Tax Strategies

A well-coordinated financial strategy encompasses more than just your investments. It considers every aspect of your finances, from budgeting to retirement saving, to ensure you're making decisions that can help you reach all your goals.

Beware of Tax Scams

Don't fall victim to scams during this tax filing season. Recognize these red flags.

Loan Consequences

If your company offers a 401(k) plan loan, it can be among your most cost-effective options for short-term needs (five or fewer years). However, these loans come with potential drawbacks. Before you take money from your 401(k), understand all the consequences.

March 2025 Client Profile

Elijah is an employee of a technology company and also has his own company on the side. He has contributed to a 401(k) plan for each job. Now he learned he contributed too much and could owe penalties. What should he do?

Taxes and Retirement

If you are planning to move when you retire, look beyond state income taxes to estimate retirement living expenses.

5 Reasons to Work With a Tax Professional

To help ensure you use every tax deduction to which you're legally entitled is to work with a knowledgeable tax professional. Here are five reasons this partnership can pay off, not only with this year's taxes but possibly with future tax bills and your long-term financial security as well.

March 2025 Q and A

Let's talk about IRA contributions and deductions.

Traditional IRA Deductibility Limits

This chart shows the income phase-out range for deductible contributions to a traditional IRA.

The High Cost of Senior Care

Do you care for a senior parent or another loved one? According to The National Alliance for Caregiving (NAC) and AARP, more than 50 million Americans are unpaid caregivers. On average, these caregivers pay 26% of their income and give 24 hours a week to help loved ones — often to their own financial and health detriment.

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