Article Published by: money.usnews.com Most investors understand how taxes apply to capital gains, dividends and interest. But those accustomed to mainstream assets like stocks, bonds and funds can be surprised when they get off the beaten path with Treasury inflation-protected securities, zero-coupon bonds, S corporations and...
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Article Published by: huffingtonpost.com As a financial advisor, I often work with clients who are concerned about how they are going to fund both their children’s education and their own future retirement. While the balancing act of saving for college and retirement can be difficult, I always...
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Article Published by: mjscpa.com It’s not uncommon for parents, grandparents and others to make financial gifts to minors and young adults. Perhaps you want to transfer some appreciated stock to a child or grandchild to start them on their journey toward successful wealth management. Or maybe...
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Article Published by: money.usnews.com Millions of consumers are moving away from traditional banking methods and trading in cash and credit cards for more convenient digital payment alternatives. In fact, a 2016 survey on the rise of digital wallets conducted by Finder.com, a comparison platform and information service,...
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Article Published by: cnbc.com *The Tax Cuts and Jobs Act eliminated the deduction for investment expenses, starting in 2018. *Fees for investment costs were deductible as a miscellaneous itemized deduction, to the extent they and other costs exceeded 2 percent of your adjusted gross income. *To contend with...
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Article Published by: Time.com Essentially, your net worth is the value of what you own, minus what you owe. Or, as a formula: assets – liabilities = net worth An easy way to figure it out it is via an online calculator like the one at Bankrate.com. But...
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Article Published by: mjscpa.com Millions of Americans forgo critical tax relief each year by failing to claim the Earned Income Tax Credit (EITC), a federal tax credit for individuals who work but do not earn high incomes. Taxpayers who qualify and claim the credit could pay...
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Article Published by: money.cnn Americans are spending. A lot. And not just on Amazon. Retail sales rose 0.8% in May, the government reported Thursday — much better than expected. Spending was up 5.9% from a year ago. And the gains were broad: Spending surged at clothing stores, at...
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Article Published by: taxpayeradvocate.irs.gov Every year, the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer’s tax issues. All personal details are removed to protect the taxpayer’s privacy. A taxpayer under...
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Article Published by: huffintonpost.com More than 40 million Americans have student loan debt. Of those borrowers, 5.6 million owe more than $50,000. That kind of crushing five-figure debt can take a real financial and mental toll. If you fantasize about running off to a foreign country or...
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