If you’re self-employed, an independent contractor or the owner of a small business, you can really use some money-saving tax tips right now. After all, the total taxes on your net income as a sole proprietor can be as high...
Japan’s portfolio decreased for a fifth consecutive month ​Treasury data show Japan as top U.S. foreign creditor in 2016 China’s holdings of U.S. Treasuries declined by the most on record last year, as the world’s second-largest economy dipped into its...
Dow 20,000 and Beyond Happy New Year to you all and good riddance 2016! What a tumultuous year it was for the markets.Who would have thought the US markets would have finished the year with double-digit returns. If you recall,...
How to find the cheapest tax prep software that’s right for you. Every January, it starts again. TurboTax battles H&R Block for dominance in tax preparation, while smaller players fight over the rest of the market. Despite the fierce competition, your...
Parents and students paying for college know how expensive it can be. To help defray these costs, many middle-income families qualify for tax credits and deductions when they spend money on education related tuition and fees. But which credits or...
Elder abuse is a rapidly growing problem in the U.S. Or at least so say experts who testified before a Senate Special Committee on Aging hearing in November. In fact, one in 10 seniors age 60 and older, some 5...
In the final quarter of the year, I had the opportunity to run retirement plans on quite a few 401(k) plan participants. Whenever possible, I enjoy sitting one-on-one with employees to help them understand and formulate a retirement scenario. One would think...
U.S. Housing and Urban Development Secretary Julián Castro said on Monday the Federal Housing Administration will reduce the annual premiums most borrowers will pay by a quarter of a percent. The FHA is reducing its annual mortgage insurance premium by...
Greenback’s rise caused by anticipation of fiscal boost Appreciation will harm economy if Trump can’t deliver The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect...
When it comes to retirement readiness, you may not be as prepared as you think. According to TIAA’s 2016 Lifetime Income Survey, fewer than half of Americans know how much they have saved for retirement, and only 35% know how much monthly...
Measure of Americans’ expectations surges to a 13-year high More households expect better economy, labor market in 2017 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at...
If you’ve taken on the task of mapping out your annual financial plan, you deserve a pat on the back. Ensuring that you’ve covered all of the bases is important to both your short- and long-term financial health. Keeping track of...
Since I started working as a financial advisor I have had so many people ask me the same question, “What is the difference between a Roth IRA and a Traditional IRA?” I am going to lay out the basics below on the differences,...
Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest. The engine of capitalism is struggling to create the abundance that was once...
Tax prep companies are coming to grips with an age-old business convention: Once you give it away for free, no one will want to pay for it ever again. The industry is offering more free online options for do-it-yourself tax...
