In The Media

Maxing out your traditional IRA has a twofold benefit, says Rob Burnette, investment advisor and tax preparer at Outlook Financial Center.

"If you have a simple return with only wages from Form W-2 and take the standard deduction, tax prep software is usually a good choice," says Rob Burnette, CEO and professional tax preparer at Outlook Financial Center.

Moreover, "electronic returns are not susceptible to having pages getting separated or lost entirely as compared to a paper return," says Rob Burnette, investment advisor representative and professional tax preparer at Outlook Financial Center.

Ideally, employees “should have a strategy in advance for how they are going to use bonuses,” said Rob Burnette, a financial advisor in Troy, Ohio.

Rob Burnette of Outlook Financial Center discusses financial resolutions for 2024.

You might also consider converting a traditional IRA to a Roth IRA before 2025, adds Rob Burnette, investment advisor representative at Outlook Financial Center.