We keep you up-to-date on the latest tax changes and news in the industry.
According to one recent study, the average retirement age in the United States was 62 years old as of 2017. Currently, the minimum age necessary to collect Social Security is 62, while 66 is largely considered to be "full retirement age" in many industries. The vast majority of people who will retire this year will do so between those two birthdays.
Which, of course, is where the problems begin.
A lot of people don't realize just how "expensive" retirement can be until they're already there. Not only do you need to think about the funds necessary to maintain your lifestyle, but you also have considerations like healthcare costs, too. So when you learn that another recent survey revealed that 42% of Americans have less than $10,000 saved for retirement, you begin to get a better understanding of just how dire the situation can seem.
Every person’s savings requirements differ depending on their lifestyle, but here are just some of the areas you’ll want to consider saving for:
Likewise, you should also be taking advantage of a health savings account if you qualify. You must be covered by a high-deductible health insurance plan, which most people these days already are. All of your contributions are tax-deductible and your earnings are tax-deferred. You can roll over funds from year to year, even when your retirement does arrive, so long as the money is actually going to medical expenses.
Planning in Your 40s and 50s
As you get older, you can start exploring some of the other investment opportunities that are available to you. IRAs are among them, and they can be a viable way for many people to build a nest egg.
A traditional IRA may be tax-deductible, and any earnings you make will grow tax-deferred until you start making those withdrawals during retirement. Depending on your income limits, Roth IRAs may also be a good choice. So long as you satisfy certain requirements, your earnings are federal tax free and may very well be state tax free, too.
Planning in Your 60s and Beyond
Even if that retirement date is arriving sooner rather than later, you STILL have a number of options available to you. As soon as you reach the age of 50, for example, you become eligible to go beyond the normal limits of contributions for your IRAs and 401(k) plans via what is known as "catch up contributions."
Let's say you haven't been able to save as much as you would have liked over the last ten years. That's okay — because as soon as you turn 50, your contribution limit for both traditional and Roth IRAs rises to $7,000. Catch up contribution limits for 401(k)s go even higher, climbing from $19,000 for people under 50 to $25,000 for people who are over that age.
Regardless of your age, it's still very possible to make sure you have the funds necessary to retire in the comfort you've always dreamed of. You just need to understand that this will not happen through inaction. It requires careful planning that begins not next week, not six months from now, but today.
Sign up for our newsletter.
Your CFO, Reimagined as a Financial Doctor
Diagnosing root causes, prescribing solutions, and guiding your property business toward long-term wealth.
Raquel is a passionate business owner. Now, she is returning to her grassroots with a twist - guiding clients with her expertise as a CPA, she can advise your company as your trusted CFO and Advisor.
✅ CPA with Real-World Experience – I help property managers stay profitable, tax-efficient, and cash flow positive.
✅ Tax Strategist – Former advisor at California’s revenue agency.
✅ Trusted by 4,000+ Businesses – Experience across CA, FL, TX, NV, and beyond.
✅ Real Estate Investor – I understand the financial realities of property management.
✅ Entrepreneur – I’ve built businesses and know the challenges you face.
We diagnose financial inefficiencies, treat problems like poor cash flow or rising costs, and guide you to long-term financial health. That includes cleaning up your books, forecasting cash flow, optimizing operations, and helping you grow your portfolio with confidence — just like a doctor builds a custom care plan for a patient.
Bookkeepers record transactions. CPAs file your taxes. We connect the dots — helping you understand your numbers, strategically improve them, and make smarter decisions throughout the year. We work alongside your existing team to drive performance, not just compliance.
If you're unsure where your cash is going, struggling with rising costs, planning to scale, or just tired of reacting instead of planning — now is the right time. We help you get ahead of problems, not just clean up after them.
Clients typically see improved cash flow, cleaner books, higher NOI, better financial reporting, and a lot less stress at tax time. More importantly, you gain clarity, confidence, and control over your business — and a partner who helps you grow it.
Painless, transparent pricing.
Let us take away your stress and give you back your time. Choose your perfect package today.
Dedicated finance expert
Bookkeeping with accrual basis
Includes P&L, balance sheet, and cash flow statements
Includes everything in Base, PLUS
Industry KPIs and financial ratios
Monthly virtual 1-hr meetings
Monthly rolling budget forecasts
Includes everything in Base, CORE
Budget vs. actuals variance analysis and review
Payroll and HR Platform