Make sure you give them a look as you prepare your 1040. Every year, taxpayers leave money on the table. They don’t mean to, but as a result of oversight, they miss some great chances for federal income tax deductions. While the IRS has occasionally fixed taxpayer...
If federal budget cuts occur March 1, how might they be felt economically? On March 1, $85 billion in federal budget cuts are supposed to take place – and it doesn’t look like they will be delayed any longer. Congress went on recess last week, so...
Will your accumulated assets be threatened by them? All too often, family wealth fails to last. One generation builds a business – or even a fortune – and it is lost in ensuing decades. Why does it happen, again and again? It is because families fall prey...
Professional firms & businesses use them to reward employees. Could you help your employees save more for retirement? Adding a profit sharing feature to your company’s 401(k) plan could allow you to do just that. It could also help your firm compete against the “big fish”...
WEEKLY QUOTE“A friend is one who walks in when others walk out.” - Walter Winchell WEEKLY TIP See that the family member who will pay nursing home bills meets face-to-face with the person who handles billing for the facility. If there is ever a billing dispute or...
Comparing & contrasting the potential of some popular vehicles. How expensive will college be tomorrow? The Department of Education projects that by 2030, the tuition cost of obtaining a four-year degree at a public university will surpass $200,000. Staggering? Indeed, but college is plenty expensive already....
Through January, you can still make one for 2012. Presented by: Kevin M. Nast Give & receive a tax break. Schools, hospitals and other non-profit organizations are welcoming the return of the charitable IRA rollover – an opportunity that lets a traditional IRA owner aged 70½...
WEEKLY QUOTE“Your life does not get better by chance, it gets better by change. - Jim Rohn WEEKLY TIP New parents should check to see if they qualify for child tax credits and other family tax benefits for tax years 2012 and 2013. WEEKLY RIDDLE Two men played five games...
WEEKLY QUOTE“There are two ways to live life. The first is as if nothing is a miracle. The second is as if everything is a miracle.” - Albert Einstein WEEKLY TIP Retirees should remember that their assets may last longer if distributions are taken from taxable accounts first, then...
A thoughtful financial move for a loved one with a disability. If you have a child with special needs or care for an adult relative who is mentally or physically challenged, you face long-run financial demands. In all probability, federal and state assistance won’t help you...