The True Cost of Higher Education – August 2016

By |August 2nd, 2016|

The College Board reports that full-time students at private institutions typically paid almost $44,000 for tuition, fees, room and board during the 2015-2016 academic year. That’s the average, so costs at some private colleges and universities were well over $50,000 per year. Higher education at public schools was much less expensive, but in-state students still

What the New Federal Fiduciary Rule Means to Investors – July 2016

By |July 7th, 2016|

In April, the U.S. Department of Labor (DOL) made headlines with its final rule covering conflicts of interest among investment advisers. Media coverage focused on the difference between a "fiduciary" standard and a "suitability" standard. Financial advisors and investment firms have been debating this issue—often heatedly-for years, and the DOL action probably will bring about

Should You Pay Summer Interns? – June 2016

By |June 8th, 2016|

Each year, many companies–large and small–offer summer internships. The interns are frequently college students between academic years, and they usually are unpaid. Recently, such arrangements have come under fire from those contending interns should be put on the payroll. June 2016|Categories: Newsletters Download

Health Insurance and Divorce – May 2016

By |April 22nd, 2016|

Going through a divorce can be a stressful experience, and some items may be overlooked. Nevertheless, if you are in this situation, you should be sure to pay some attention to future health insurance. Medical bills and health insurance premiums can be extremely expensive; any lapse in coverage might lead to a financial crisis. May

Special Report on the Protecting Americans from Tax Hikes Act of 2015 – April 2016

By |April 2nd, 2016|

Last December, President Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015 into law. The new law contains several tax benefits for individuals and companies. April 2016|Categories: Newsletters Download

Deducting Charitable Gifts – March 2016

By |March 22nd, 2016|

Charitable donations usually can be deducted on Schedule A of Form 1040, along with other itemized deductions. You should have the required support materials, in case your charitable deduction is questioned. March 2016|Categories: Newsletters Download

Deducting Interest Paid – February 2016

By |February 24th, 2016|

Among the itemized deductions on Schedule A of Form 1040, you’ll find “Interest You Paid.” As you get your records together for tax preparation, you should realize that not all interest can be deducted on your return. Interest you paid last year on credit card debt generally isn’t deductible, for example. February 2016|Categories: Newsletters Download

Deducting Taxes Paid – January 2016

By |January 29th, 2016|

When you file your 2015 federal income tax this year, you can take a standard deduction. For 2015, that’s $6,300 for single taxpayers and for married individuals filing separately; $12,600 for couples filing jointly and for certain widow(er)s; and $9,250 for those filing as heads of household. The beauty of taking the standard deduction is

Investing for the Long Term – December 2015

By |December 29th, 2015|

August 2015 was a brutal month for stocks. There were constant reports that the Dow Jones Industrial Average (DJIA) was down hundreds of points for the day, even down by 1000 points during one daily trading session. Ultimately, where do you think August 2015 wound up as far as historical comparisons? As bad as the

Will the Third Shoe Drop? – November 2015

By |November 29th, 2015|

As of this writing, major U.S. stock market indexes are extremely volatile. They're in the negative column for 2015, but that could change by the time this issue goes to press. In any case, it's likely that stock market values in late 2015 will still be much higher than they were in the dark days