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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

Cons and Pros of Roth IRAs – October 2015

By |October 29th, 2015|

Annual contributions to IRAs, includingRoth IRAs, are now capped at $5,500($6,500 if you’re 50 or older). RothIRA contributions aren’t tax deductible,they’re available only to workers and theirspouses, and they’re off-limits to high-income taxpayers. October 2015|Categories: Newsletters Download

Past Losses Offer Winning Opportunities – September 2015

By |September 29th, 2015|

For nearly two decades, investors have been riding a stock market roller coaster. The late 1990s tech stock boom turned into a bust in the early years of this century, as the Dow Jones Total Stock Market Index fell by nearly 45%. After a real estate-led recovery pushed stocks to new highs, a real estate

Facing College Costs – August 2015

By |August 29th, 2015|

How much does it cost to send a child to college now? For the 2014–2015 academic year, the College Board puts the average cost of tuition, fees and room and board at private nonprofit four-year schools at over $42,000. The College Board estimates other expenses (including books, supplies and transportation) at $4,000–$5,000. Thus, sending your

The Math of Buy and Hold – July 2015

By |July 29th, 2015|

Many financial advisers warn clients that they should not try to time the stock market. Indeed, research indicates that individuals tend to buy when stocks are going up and sell when stocks have gone down: a buy-high and sell-low approach that reduces long-term returns. Consequently, some investment pros support a strategy known as “buy and

Winning Social Security’s Waiting Game – June 2015

By |June 29th, 2015|

As more baby boomers move into their 60s, there is increased interest in Social Security retirement benefits. In particular, seniors must decide when to start. Currently, the full retirement age (FRA) for Social Security is 66. That age applies to people born from 1943 through 1954. FRA gradually increases for younger workers, reaching 67 for

Holding Stocks in Retirement Accounts – May 2015

By |May 29th, 2015|

The stock market goes up and, as we’ve learned, it goes down. Despite the volatility, stocks have been excellent long-term investments for many decades, and there’s no reason to think that the future will be different. Regular investing in equities, through bull and bear markets, probably should be part of your strategy for building an