Monthly Archives June 2017

4 Steps to Simplified Personal Accounting

Modern life is often harried and overwhelming. We all face a to-do list that seems a mile long, and often need to be in two or three places at once. Then, on top of that, are all of the bill deadlines, complicated tax maneuvers, and decisions to make about your future. It’s no wonder we get bogged down in paperwork, bills, and account statements. Sound familiar? Try these four steps to simplify your financial life, and you can remove at least one heavy weight from your shoulders. Consolidate bank accounts. Some of us ended up with two or three bank
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Categories: Blog.

Putting a Windfall to Good Use

If you’re like most people, you’ve fantasized about what you would do with a surprise windfall. It can be fun to think about finally buying that boat, or indulging in a lavish vacation, or upgrading your kitchen. We’re not saying you should never consider these things, but if a windfall does drop into your lap, it would be wise to consider how that money could be used to establish a more secure future. Right now, you might be deciding what to do with your tax refund. Or perhaps you will receive an inheritance, a work bonus, or some other unexpected
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Categories: Blog.

3 Basic Facts on IRAs

By now, you know that everyone should be thinking about and saving for retirement. There really is no safety net for anyone, because Social Security will only provide a portion of the income you need in retirement. So, you know that setting aside money in an Individual Retirement Account is a good option. What else do you actually know about IRAs? These three facts can help you get started. You can choose between two types of tax benefits. You know that an IRA provides certain tax benefits, but those benefits differ drastically depending on which type of account you choose.
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Categories: Blog.

What Changes Are in Store for Your Income Taxes?

Toward the end of April, President Trump unveiled his much-anticipated income tax plan. The reform is aimed at simplifying income taxes for the majority of Americans, and encompasses some pretty major changes. Of course, the plan has yet to pass through Congress, and could change over the coming months. Let’s take a look at what we know right now, so you can begin to evaluate how the changes might affect you. A doubled standard deduction. More taxpayers might opt for the standard deduction, since the plan proposes doubling it to $24,000. Many common deductions could be eliminated. While the standard
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Categories: Blog.