Posts Tagged ‘Taxes’
Aren’t Nonprofits Penalized for Having a Reserve?
This is a question, and many times, a forceful statement I hear at least once a month. My clients and members of nonprofit boards I belong to have a deep misconception that nonprofits are not allowed to accumulate savings (aka reserves). Several years ago, I did an extensive search and asked various experts in the…
Read More“Is It Too Early to Start Saving for Retirement?”
I was a teenager when Congress created the Individual Retirement Account, and as soon as I had my first summer job, my father advised me to open an IRA. You can imagine my reaction; I didn’t yet have a full-time job, and my father was talking about retirement! However, my father managed to persuade me by…
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