3 Financial Planning Myths Busted

3 Financial Planning Myths Busted

When it comes to financial planning, experts often use ‘rules of thumb’ as shorthand for strategies to employ. While these tips often help define the course you should follow in laying out your financial future; they are not necessarily gospel. Examples of these tips...

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Real Estate Asset Protection – Capital Gains

Real Estate Asset Protection – Capital Gains

In the United States, the typical long-term rate for capital gains tax is 28.6%, when you merge local, state, and finally federal taxes together. That rate is higher than many countries within the Organisation of Economic Co-operation and Development (OECD), of which...

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Don’t Pay Taxes with Your Credit Card

Don’t Pay Taxes with Your Credit Card

No one ever wants to owe the IRS money on tax day. However, many people often end up owing a significant amount to the government on April 15th. The temptation to make things easy and charge that bill to your credit card is palpable for some taxpayers. No matter how...

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How IRS is Fixing Small Business Tax Issues

How IRS is Fixing Small Business Tax Issues

Small businesses, always walking the thin line between profit and failure, are consistently looking for ways to lessen their tax burdens where possible. The IRS, in turn, has begun instituting changes designed to help make tax paying easier for these businesses and...

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Tax Deductions Often Overlooked

Tax Deductions Often Overlooked

The key to keeping your return bill low is using as many tax deductions as possible; there’s no point in paying more than is necessary every April 15th. There are many deductions available, though, including ones on the books but not readily known to most people....

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What is your Trader Tax Status?

What is your Trader Tax Status?

If you are a stock trader, then it is possible to deduct your investment costs on your taxes, whether you trade full-time or not. To do so, though, you need to determine your trader tax status first. What Qualifies as Investment Costs? What should you consider...

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Bear Market Tax Planning

Bear Market Tax Planning

Last summer, both the Dow Jones and NASDAQ Index saw double-digit drops in overall value over a short period. Investors, caught by surprise and most, interested in long-term value, simply held onto their stocks and rode out the dip until both markets corrected...

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5 Tips for Single Parent Financial Planning

5 Tips for Single Parent Financial Planning

Single parent households usually face more difficulties managing their finances due to reduced earnings capability, in comparison to dual-income families. Despite the challenges, though, single parent financial planning is not impossible to do. Single Parent Financial...

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Social Security Benefit Financial Planning

Social Security Benefit Financial Planning

Millions of workers expect to rely on their Social Security benefits when they eventually retire. However, most make this assumption without actually anticipating how much they will receive from Social Security when they need that money the most. Fortunately, there...

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How Much Stock To Hold in Your Portfolio Now

How Much Stock To Hold in Your Portfolio Now

Seven years have passed since the current bull market began for U.S. stocks. After such a recovery, investors are debating whether or not it is time to start adjusting equity allocations in their portfolios. The short answer appears to be: yes. How to make those...

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Asset Protection for Car Accident Liability

Asset Protection for Car Accident Liability

For most taxpayers, car accidents are likely your greatest potential source of legal liability. Whether caused by yourself, your spouse, or your child, car accidents can unleash a wave of lawsuits that, if left unchecked, can jeopardize everything you have financially...

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The Dirty Dozen List of Tax Scams

The Dirty Dozen List of Tax Scams

Every year the IRS releases its annual list of prevalent tax scams, better known as “the Dirty Dozen”. Quite often many identical contenders show up from year to year. Pervasive ones include identity theft, phishing and phone scams. Criminals often rely on peoples’...

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Financially Planning for Retirement

Financially Planning for Retirement

Hopefully, you’ve been preparing for retirement for the course of your career. Finally pulling the plug on one’s working life is a decision that everyone faces eventually. Whatever the reason for finally making that decision, be it health, leisure time, or family, the...

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When to File Taxes Separately If Married

When to File Taxes Separately If Married

Virtually all married couples file their taxes jointly for a simple reason – it’s usually cheaper than filing them separately. However, as with any accepted rule, there are exceptions. Here are 6 cases then where it may be more beneficial to file as single. 1....

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Securing Your Family’s Future through Asset Protection

Securing Your Family’s Future through Asset Protection

Protecting your family can be one of the most stressful tasks you face in life, especially if you have a troubled child. If your teen has found him or her facing legal problems because of unruly behavior, you may suddenly be open to a world of court battles. When it...

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How a 401(k) Affects You on Tax Day

How a 401(k) Affects You on Tax Day

While your 401(k) is designed to help prepare you for retirement, it offers some tax benefits while you are still in the midst of building your career. 401(k) plans offer you a fantastic opportunity to lower your burden for years to come. What follows is a brief menu...

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Social Security Can Cost You at Tax Time

Social Security Can Cost You at Tax Time

Virtually all Americans believe Social Security is a right to the income they have finally earned after working an entire lifetime, expecting their money paid in full. That's why many new retirees are surprised to learn that their monthly payments can end up being...

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Important Tax Planning Dates for 2016

Important Tax Planning Dates for 2016

During March, tax planners, and other financial professionals start helping millions of Americans prepare their tax returns for April 15th. For many people, that single day is the last one they think about regarding paying their taxes. However, throughout the month of...

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