McCullough & Associates Blog


Sep 01, 2017

3rd Quarter Estimated Tax Payment Reminder

This is a reminder that your third quarter federal and state tax estimates are due on or before September 15, 2017. Please use your pre-printed forms and mail with your checks to the address indicated on the estimate vouchers. You should refer to your 2016 tax folder for this information. Also, be sure to write your social security number and "2017 1040-ES" on the memo line of your check. 

If…

Aug 24, 2017

A QCD can remedy your RMD tax burden

Year-end is a critical time for retirees over age 70 ½ with qualified retirement accounts who are subject to required minimum distributions (RMDs). To avoid a hefty penalty (50 percent of the amount that should have been withdrawn), your RMD must be taken from your retirement account on an annual basis, by calendar year-end. (This differs from the deadline governing your first RMD, which must be…

Aug 16, 2017

Back to School

As you send your children back to school to prepare for their future, it’s equally important to prepare for yours. Many parents devote so much of themselves and their resources to their kids and they sometimes overlook their own needs, such as planning for a secure retirement.

While you may be contributing to your employer’s retirement plan, you may also need to save additional money to…

Aug 02, 2017

Unclaimed Property: Missouri's Largest Lost & Found

The Missouri State Treasurer administers Unclaimed Property for Missouri. Unclaimed Property comes from financial institutions, insurance companies, public agencies and other business entities after there has been no documented transaction or contact with the owner for a statutorily-defined period of time, generally five years. The Treasurer currently holds more than $942 million in unclaimed assets…

Jul 11, 2017

Understanding Medicare

The time may be approaching for you to enjoy the rewards that come with qualifying for Medicare. While this health insurance program does not cover everything, it does help with health care costs for older Americans. We want to ensure you are well-informed on the topic of Medicare and the various parts and choices for coverage and suggest that you have a look at this guide by TransAmerica,

Jun 23, 2017

Four Really Good Reasons to Invest

Forty-eight percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹

Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the reasons may not be good enough.

Why Invest?

  • Make Money on Your Money

You…

Jun 16, 2017

Should your summer earner open an IRA?

The saying, “it’s never too early to begin saving for retirement,” holds true at any age, even for kids in high school. In fact, if you have teens, the start of the summer job season is a great time to talk to them about starting an IRA. Due to their age, teens are poised to take full advantage of the power of compounding over time. In addition, saving through an IRA can be a valuable tool for educating…

May 04, 2017

2nd Annual Charity Shred Event

Make plans to join us...

2nd Annual Charity Shred Event

benefiting

Apr 13, 2017

Tax Refund Tracking Resources

Are you expecting a tax refund and would like to be able to track it?

The IRS is offering it's "Where's My Refund" tracking tools again this year.  There are two ways you can track your refund:

  • IRS2GO Mobile App (

Feb 21, 2017

Does Your Credit Score Affect Your Insurance Rates?

Most people agree that insurance is a must. But did you know your credit score may affect your rates? We thought you might like to know more.

Does Your Credit Score Affect Your Insurance Rates?

One landmark study found that credit-based insurance scores are used by about 95 percent of all auto and home insurers in calculating the cost of insurance to individuals.¹

While…