Spending Your Wealth or Leaving an Inheritance
In today’s @MDJOnline, Bil Lako, CFP® covers spending retirement assets vs. leaving an inheritance for your children. Read the Article
Business Use of Life Insurance: Death Benefit Only Plans
Employers may consider a death benefit only life insurance plan as a benefit for highly compensated employees. Read more in this week’s Business Tip.
Is there such a thing as nursing home insurance?
There are several types of insurance policies that cover different kinds of assisted living care. We discuss in this week’s Insurance Tip.
Deducting More Than $250 for Teachers’ Classroom Supplies
Teachers may be able to deduct more than $250 in classroom supplies on their taxes. We explain in this week’s Tax Tip.
Four Reasons Why People Spend Too Much
Do you know why you overspend? We look at for common reasons people can’t stick to their budget in this week’s Financial Tip.
Spending Your Wealth or Leaving an Inheritance
Our experts discuss whether retirees should spend what they have saved or continue to save as much as they can for their children to inherit.
Market Roundup: Markets Suffer Down Week on Declining Oil Prices and FOMC Meeting
The markets began the week in the red zone as investors likely proceeded with caution ahead of Tuesday’s Federal Open Market Committee meeting. Crude oil slipped for the third straight session, with West Texas Intermediate crude dipping 0.4%, settling at $48.88 a barrel. The slip continued the next day with Financial stocks leading declines for the S&P 500 Index. Stocks retreated on a downswing in crude oil, which settled at $48.49 a barrel. Meanwhile, Commerce Department data showed retail sales climbed by a stronger-than-expected 0.5 percent in May. Discounting sales of autos and gasoline, sales increased by 0.3 percent. Stocks traded lower on Wednesday in the wake of comments from the Federal Open Market Committee meeting. Interest rates will remain unchanged for the time being, but there may be as many as two rate increases by the end of the year. In economic news, the Producer Price Index edged up by 0.4% in May, versus consensus expectations of a 0.3% climb. The core measure jumped by 0.3%. Stocks recovered a little on Thursday in late-day trading, despite West Texas Intermediate crude oil slipping 3.8% settling at $46.21 a barrel. The Consumer Price Index rose by 0.2% in May, versus a 0.4% gain in April. The core measure, which discounts food and energy, edged up by 0.2%. Additionally, Labor Department figures showed new claims ramped up by 13,000 to 277,000. Indices closed in red territory on Friday, with Technology and Healthcare stocks leading the downswing; however, West Texas Intermediate crude increased 3.8% to settle at $47.98 a barrel.
An ‘Exception’ to Using ‘Retirement’ Money for Education
Only able to save a limited amount for education and retirement? We discuss why you might want to consider a Roth IRA in today’s Marietta Daily Journal. Read the Article
Business Owners: Compensating Yourself
As a business owner, compensating yourself can be complicated as the IRS is very interested in what you do! Learn more in this week’s Business Tip.
Back-Door Roth IRAs
Sure, Roth IRA conversions sound like a great idea, but you have to carefully consider the tax consequences first. Read all about it in this week’s Tax Tip.