David Crossman

1 month ago | bedelfinancial.com | Evan Bedel |Sarah Mahaffa |Austin Stagman |David Crossman

What if I told you there was a strategy that allows your child to build wealth in a tax-advantaged account and benefits both your business and your child's financial future. Interested? Read on…Step 1: Set Up an LLC for Your ChildAs a business owner, you may want to explore the tax advantages of employing your children, especially when taking advantage of the 1099 income structure and, as a side benefit, introducing them to entrepreneurship.

Jan 27, 2025 | insideindianabusiness.com | David Crossman

Listen to this story Loading audio file, please wait. Speed1.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 The average retirement age in the U.S. falls in the early 60’s. That puts new retirees over the age where they can access their retirement funds without penalty (59 ½). For those who retire before that magical age, is there a way to access their retirement savings without penalties?

Oct 28, 2024 | insideindianabusiness.com | David Crossman

Listen to this story Loading audio file, please wait. Speed1.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 Workers have been contributing to the Social Security system since the program began in 1937, and retirees have been collecting benefits since that same year. However, we are increasingly hearing questions from clients, especially younger clients, about whether or not they will receive their promised benefits.

Oct 28, 2024 | bedelfinancial.com | David Crossman |Kate Sullivan

Workers have been contributing to the Social Security system since the program began in 1937, and retirees have been collecting benefits since that same year. However, we are increasingly hearing questions from clients, especially younger clients, about whether or not they will receive their promised benefits. The BackgroundEssentially, Social Security is a forced savings program designed to protect people from unexpected hardships.

Jul 22, 2024 | insideindianabusiness.com | David Crossman

Listen to this story Loading audio file, please wait. Speed1.00 0.25 0.50 0.75 1.00 1.25 1.50 1.75 2.00 Taxpayers underwent a dramatic change in late 2017 with the passage of the Tax Cuts and Jobs Act (TCJA). In another two years, we may undergo another dramatic shift. Why Another Change in 2026? In broad terms, the TCJA sought to lower taxes on corporations and individuals, though, as always, the effects were not even.