Avoiding the 10% Penalty On Early IRA Withdrawals

For one reason or another, you may need to take some money out of an IRA before reaching retirement.* You can withdraw money from an IRA at any time and for nay reason, but it’s important to keep in mind that most IRA withdrawals are at least partially taxable. In other words, you’ll owe regular income

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Happy Halloween from H/D!

Our employees got festive in the office for Halloween. Our costume contest winner was Kenzie Bertolas! Her scarecrow costume and makeup were spot on. It was such a blast to see everyone’s creativity come through. Make sure to check out our Facebook and LinkedIn pages to see some more pictures of these great costumes! Our


Congratulations to two of our employees, Cecilia London and Rochelle Landreth, for passing the CPA exam! We are so proud of you both. All of that hard work has absolutely paid off. Way to go ladies!!

Estate Planning 
Is it a Good Idea to Name Co-Executors or Co-Personal Reps?

When drafting a will, you need to decide who’ll be the executor or personal representative handling your estate when you die. Individuals who serve in these roles are fiduciaries with a duty to properly administer your estate. When selecting an executor or personal representative, many people gravitate toward individuals they feel should handle the task –

Personal Finance 
A New Chapter on College Financial Aid

Financially savvy parents of college students should generally take the time to complete the Free Application for Federal Student Aid (FAFSA) each year. Students must file their FAFSA for the 2022-2023 academic year between October 1, 2021, and June 30, 2023. This means there’s still time to file a FAFSA for the 2021-2022 school year. Important: The

How are Traditional IRA Withdrawals Taxed?

When you take withdrawals from your traditional IRA, you probably understand they’re taxable. But what does that really mean? Important: Once you reach a certain age, you must start taking required minimum distributions from your traditional IRAs to avoid an expensive tax penalty. Previously, the required beginning date (RBD) was April 1 of the year after the

Sommer Family Mezzanine

We are thankful to work in partnership with the University of Nebraska Omaha and provide students the resources to succeed. With the recent addition to the UNO School of Accounting, for the first time ever, we got to see the “Sommer Family Mezzanine” bestowed by our managing partner, Leonard Sommer and his family. This is

New Hire

We have a new smiling face in our office! Elizabeth (Liz) George joined our firm as the new receptionist on September 7. In her short time here, Liz has already proven to be a fantastic worker. She is a great addition to the team, and we are happy to have her on board. If you

Refresher on the Home-Sale Gain Exclusion Tax Break

In many areas, residential real estate markets have surged, and some are still surging. In these sellers’ markets, big home-sale gains are likely. That’s great news if you’re a seller – but will you owe taxes on the profit? If you sell your principal residence for a large profit, you can potentially exclude tax (pay

Estate Planning 
Ten Potential Mistakes to Avoid in Estate Planning

Sometimes people attempt to make an estate plan without consulting legal and financial professionals. Mostly this is because they may have a general understanding of estate planning and believe they can do it themselves without paying for professional services. This may be valid to a point, but it often fails because of the detailed knowledge it