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NEWSLETTERS

Facing College Costs – August 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 child away to a private institution costs an average of around $47,000 this year; at universities considered “elite,” the total tab is generally well over $60,000. Those numbers likely will be even higher in the 2015–2016 school year, and they will certainly be higher for youngsters entering college in the future.

August 2015|Categories: Newsletters

The Math of Buy and Hold – July 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 hold.”

July 2015|Categories: Newsletters

Winning Social Security’s Waiting Game – June 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 those born in 1960 or later.

June 2015|Categories: Newsletters

Holding Stocks in Retirement Accounts – May 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 investment portfolio you can tap in retirement.

May 2015|Categories: Newsletters

Are Tax Refunds Good or Bad? – April 2015

Few people pay exactly the correct amount of income tax during the year. When you file your return for 2014, you probably will find that you paid too little (and owe more tax) or paid too much (and can request a refund). Typically, refunds are due to employees who have too much tax withheld from their paychecks.

April 2015|Categories: Newsletters

Above-The-Line Tax Deductions – March 2015

At this time of the year, chances are that you’re getting together information for preparing your 2014 income tax return or reviewing a return that’s already prepared. When you are doing so, it can pay to take a close look at the adjustments to income you can take on the bottom of page 1 of your Form 1040or Form 1040A. These adjustments, which reduce the taxable income you’ll declare, are known as above-the-line deductions — you enter them just above the last line on the page, where you report your adjusted gross income (AGI).

March 2015|Categories: Newsletters