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Family Lawyer Magazine
Divorce, the Fiscal Cliff and Short Sales: The “Mortgage Forgiveness Debt Relief Act and Debt Cancellation” is set to expire…
Bucks Local News
Life Insurance Coverage – Life Brings Change – Has Your Coverage Kept Up?
I am constantly challenging my readers to continually plan and review for their financial future. While a lot of attention has been paid to our investment portfolios lately, I encourage you to also review your life insurance policies and coverage. One question to ask yourself is “Has my life insurance coverage kept up with the changes in my life?”
Risk and Investing Basics – The Inevitability of Risk and Investing
If you want significant reward, you will have to assume some risk. Anyone investing in securities – particularly stocks and funds – must accept that reality. Investing in the markets gives you an opportunity to accelerate the growth of your savings and outpace inflation, and you definitely want that chance – but how do you cope with the risks linked to it?
Saving for College and Retirement – Paying for College While Saving for Retirement
It’s that time of year. The college acceptances have been issued and the final decisions have been made. What now? All across America, families are meeting a mighty financial challenge – the challenge of paying college costs with retirement potentially on the horizon. How do they do it? They go about it consistently; they also get creative.
Asset Location and Taxes – Asset Location & Timing to Reduce Taxes in Retirement
Location, location, location … It matters when it comes to real estate, and it also matters when it comes to the way you hold and invest your retirement savings. You can’t control what happens with the tax code, but you can control how your savings are held. As various types of investments are taxed at varying rates, some investments are better held in taxable accounts and others in tax-deferred accounts.
Women and Money – Moving from the Moment to the Future
How many short-term financial decisions do you make each week? You probably make more than a few. They may feel routine. They may demand your attention, day in and day out. Yet in managing these day-to-day issues, you may be drawn away from making the long-term money decisions that could prove vital to your financial well-being.
Was 2013 was a good year for your investments? If you have completed your income taxes for 2013, you may have been surprised by the new Medicare Surtax. Your net investment income might have put you at risk for these additional taxes. In 2013, a new 3.8% tax on certain kinds of investment income took effect. The Medicare surtax (officially termed the Unearned Income Medicare Contribution) affects single filers with adjusted gross incomes above $200,000 and most joint filers with adjusted gross incomes above $250,000.
When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is? Or take it with you? Should you roll the money over into an IRA or into your new employer’s retirement plan?