Why You Should Contribute More
to Your 401(k) in 2015
to a traditional employer-sponsored defined contribution plan,
such as a 401(k), 403(b) or 457 plan, offers many benefits:
are pretax, reducing your modified adjusted gross income
(MAGI), which can also help you reduce or avoid exposure to
the 3.8% net investment income tax.
assets can grow tax-deferred — meaning you pay no
income tax until you take distributions.
employer may match some or all of your contributions
For 2015, you can contribute up to $18,000. If your current
contribution rate will leave you short of the limit, consider
increasing your contribution rate through the end of the year.
Because of tax-deferred compounding, boosting contributions
sooner rather than later can have a significant impact on the
size of your nest egg at retirement.
If you'll be age 50 or older by December 31, you can also make
"catch-up" contributions (up to $6,000 for 2015). So if you
didn't contribute much when you were younger, this may allow
you to partially make up for lost time. Even if you did make
significant contributions before age 50, catch-up
contributions can still be beneficial, allowing you to further
leverage the power of tax-deferred compounding.
Have questions about how much to contribute? Contact us at
925-634-2344. We'd be pleased to discuss the tax and
retirement-saving considerations with you.
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,