If you’re thinking about starting a college education fund to help pay for a child’s, grandchild’s, or somebody else’s college education you have quite a few options to choose from. However, two of the most…
Read More
Avoiding the “RMD Tax Bomb”
Rule-of-Thumb Regarding Pre-Tax and Roth Retirement Accounts The common rule-of-thumb regarding pre-tax retirement accounts (Traditional IRA & 401k) and Roth retirement accounts is if you are in a higher tax bracket today than you will…
Read More
Equifax Security Breach
Last Thursday Equifax, one of the three major credit reporting agencies in the United States, announced that due to a security breach, roughly 143 million American’s sensitive information had been stolen. The sensitive information that…
Read More
How Depreciation Works on a Rental Property
The ability to depreciate a rental property is one of the many attractive benefits of owning rental real estate. The depreciation deduction reduces the rental income subject to taxation which increases the after-tax rate of…
Read More
Shore Up Your Retirement by Working 1 Year Longer
It’s no secret that tons of people are nearing the age at which they’d like to retire and simply can’t do it. When they run retirement projections themselves or with a financial planner the numbers…
Read More
How Old Is This Bull?
As of March this year we have approached 8 years in the current bull market. In other words, since March 9, 2009 we haven’t seen any stretch of period where the S&P 500 has declined…
Read More
How Will Your Taxes Be Affected by Trump’s Proposals?
One of the many promises President-Elect Trump made throughout his campaign was to simplify the current tax code. This has been on the Republican’s agenda for quite a while and now with a Republican President and…
Read More
Are You Actually Getting A Tax Deduction For Your Charitable Contribution?
Tax season is just around the corner and during this time of year the chatter on how to reduce your tax bill picks up quite a bit. Giving to charities is a popular way to…
Read More
Deciding Between A Traditional 401(k) or Roth 401(k)
Nearly 80% of full-time workers have access to a 401(k) or some other type of employer-sponsored retirement plan.[1] Along with the growing popularity of 401(k) plans, we are seeing employers offer Roth 401(k)s to their employees…
Read More
Now Is Not a Good Time to Invest, Or Is It?
The market news lately has been replete with the phrase “new market high”. The S&P 500 index and the Dow Jones Industrial Average index are at all-time highs. These indexes have surpassed the 2014 peak,…
Read More