Family

For many families, a home loan constitutes a significant portion of their household debt. As a result, some people choose to reduce this debt as much as possible before entering retirement. In fact, nearly one in three retirees have mortgage debt, and 17% of those paying off debt say that their mortgage is a top […]

Under the provision of the Small Business and Work Opportunity Tax Act of 2007, a qualified joint venture by a married couple filing a joint return is not treated as a partnership for federal tax purposes. Income, gains, losses, deductions, and credits are divided between the spouses, depending on their interest in the business. Each […]

Most parents want to give their children the best opportunity for success and getting into the right college may help open doors. According to the latest income-per-education-level data available from the Bureau of Labor Statistics, American adults who have a bachelor’s degree had median weekly earnings of $1,173 and a jobless rate of 2.5% in […]

  How to Use Technology to Monitor Your Retirement Savings Your parents probably had to call their financial advisor (which could have been your uncle Ted) or their banker to get advice or information on their retirement savings. They may even have had to drive to the bank or write letters with formal requests to get […]

Lots of questions can come up about income taxes after one has retired. Listed are answers to just a few common questions for retired taxpayers.   What types of income are taxable? Some common types of taxable income: military retirement pay, all or part of pensions and annuities, all or part of Individual Retirement Accounts […]

Your parents probably had to call their financial advisor (which could have been your uncle Ted) or their banker to get advice or information on their retirement savings. They may even have had to drive to the bank or write letters with formal requests to get financial updates. Of course, they may have also just […]

Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing and your family ends up on a first-name basis with the nurse at urgent care. Then, as you’re driving to work, giving yourself your best, “You can make it!” pep talk, you see smoke seeping out from under […]

IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual Retirement Accounts, are tax-advantaged accounts used to help save money for retirement. There are two different types of IRAs: traditional and Roth. Traditional IRAs, […]

  How Do You Reach Your 2019 Financial Resolutions? The start of the new year always seems to represent new beginnings. It’s a time to remake our priorities and to reimagine our futures. Although the calendar may not recognize its significance, our humanity marks the passing of the old year with poignancy. We awaken to […]

  The start of the new year always seems to represent new beginnings. It’s a time to remake our priorities and to reimagine our futures. Although the calendar may not recognize its significance, our humanity marks the passing of the old year with poignancy. We awaken to the opportunities that surely await us—just over the […]

We constantly hear how important it is to maintain a healthy lifestyle. That is not always easy, especially in the face of temptation or the easy option of procrastination. For some, the monetary benefits of maintaining a healthy lifestyle may provide an incentive. Being healthy not only makes you feel good, it may also help […]

When you are planning for your future, what do you think about? You may think about your retirement, enjoying having the time and money to take trips and pursue your interests. Maybe you think about your home, and enjoying the feeling of stability that can come with home ownership. In making these plans, people often […]

  Open Enrollment & the Annual Election Period Open Enrollment for individuals under Medicare Age (65) ends December 15th. In order to help you prepare for Open enrollment for 2019 we encourage you to ask yourself these questions: How do I qualify for a marketplace subsidy or tax credit? Why do I need Health Insurance? […]

“Tis impossible to be sure of any thing but Death and Taxes,” wrote Christopher Bullock in his 1716 book, The Cobler of Preston. Putting your estate in order will ensure your assets go to your appointed heirs as opposed to the government. Immediately following the death of a loved one, emotions generally run high, which […]

Establishing a national health insurance plan for senior Americans has followed a sometimes wayward path through U.S. history. President Teddy Roosevelt first began discussing the idea of implementing a system of health insurance in the United States more than a century ago. President Harry Truman called for developing a health insurance fund in 1945. President […]