Where could that money go besides a bank account? Should your refund be saved? According to a TD Ameritrade poll, 47% of U.S. taxpayers expect a refund this year. What do they plan to do with the money?1 The answers may surprise you. While 15% of the...
WEEKLY QUOTE “Every choice you make has an end result.” - Zig Ziglar WEEKLY TIP Doctors often try to manage debt by themselves. An experienced financial services professional can help a physician assess the long-term impact of loans and develop a strategy to pay them off. WEEKLY RIDDLE The 22nd...
WEEKLY QUOTE“Simplicity is the key to brilliance.” - Bruce Lee WEEKLY TIP If you paid an au pair, maid or other domestic employee more than $1,800 in 2012, you are looking at the “nanny tax”. See IRS Publication 926 and talk with your tax advisor. WEEKLY RIDDLE You...
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...