Equifax Breach and Regular Hackers Expand Their Reach
Release Date: 4/16/18
On Good Friday, as I was baking my Easter Bread, I received a frantic call from an old friend in Pittsburgh. Natalia (not her real name) received a letter in the mail from the Social Security Administration (SSA) thanking her for setting up her Social Security Account online. The problem was, she never did. Earlier in the week, when she and her husband attempted to file their income tax return electronically, the submission was denied by the IRS, as somebody had already . . .
Release Date: 3/20/18
Since the Presidential Election almost a year and a half ago, the U.S. stock market has run UP nicely. Some investors praise President Donald Trump for passing the new laws, many wish he was never elected and others just shrug their shoulders. Regardless of who you voted for (or against) for the White House, the stock market reached new highs and share prices have soared above their historical averages.
The reality is for most of our clients: they are witnessing . . .
Stack your charitable contributions to save on your taxes year after year
Release Date: 3/6/18
Many folks are upset by the changes to the standard deduction and its impact on their ability to itemize deductions beginning in 2018. Essentially, Married Filing Jointly (MFJ) couples now need to have more than $24,000 of itemized deductions before they can itemize, and this includes a $10,000 cap on their state income and real estate taxes. However, when you actually run the numbers, the new law helps most couples. Further, if you are close to having $24,000 in itemized deductions in any . . .
I Learned a Valuable Lesson from the Flea!
Release Date: 2/14/18
It was rough in the stock market over the last week. On Monday, February 6th, the Dow Jones Average fell 1,100 points. That’s a lot of points, but it’s not the whole story. While the media draws you in with a bold scary headline they did not explain or support why the market dropped so suddenly.
Allow me to share with you a story from a long time ago…
In the late 1980’s after graduating college, I moved into an apartment that was rather basic . . .
TAXES, INVESTMENTS, FINANCIAL
Use These Tips to Eliminate Taxes in Retirement
Release Date: 2/6/18
IRAs and 401(k)s today are the main source of retirement funds for new retirees. These have replaced the defined benefit pension plans that your parents and grandparents relied on upon to fund their retirements. Unfortunately, many avid savers in IRAs and 401(k) plans may not realize they are setting themselves up to pay huge tax liabilities when they are forced to take mandatory withdrawals when they turn 70 1/2. Even with the lower tax rates enacted in December 2017, some married retirees . . .