Tax Preparation Services and Plan Contributions When Your Pessimistic About the Market
Two items of note:
- I have two accountants to refer clients to that I feel comfortable with:
a. One is my friend Greta Loesel. She is not a CPA, works for HR Block, and is appropriate for simpler, easier tax returns. Cost minimum is $89 and can run higher from there, but total expense remains on the lower end.
b. My other friend, John Patoka, CPA, is a partner with SR and Co. in Glastonbury. He does more complex individual and business tax returns, and one would expect to pay $450+ for his services. Please feel free to reach out directly to Jeff or Rachael for their contact information, depending on your needs, wants, and circumstances.
2. I remain circumspect about the stock market's chances for advancement in the near future. However, I am encountering some people in my reviews that are conflating those concerns with "ok, well should I stop funding my 401k for now?" NO, please do not stop funding a work plan just because you are concerned about the stock market's level. If anything, consider changing your balances and/or contributions to something safer- money market, bonds, stable value- and maintain or if possible RAISE the amount you're saving. This applies of course to working clients only, but for retirees perhaps the message can be shared with one's children, etc.