Roughly 1.2 million baby boomers will retire this year. And next year. And the year after that, and so on. We take a look at what that may mean for our economy in this week’s Financial Tip.
In simplistic terms, the Tax Cuts and Jobs Act doubled the standard deduction and eliminated several tax deductions. Ideally, less people will itemize; however, many may pay less in taxes. Let’s look at a family, married filing jointly and with three children. hensslervideo_personal_finance
Research Analyst Nick Antonucci, CVA, joins Managing Associate, Shawna L. Theriault, C.P.A., CFP®, CDFA®, and Senior Associate Jarrett McKenzie, CFP®, CWS®, to delve deeper into the Tax Cuts and Jobs Act, taking a look at how the larger standard deduction and child tax credit could affect families now that they’re losing personal exemptions.
The S&P 500 Index and NASDAQ composite kicked off the week closing at new record highs on Monday, while the Dow Jones Industrial Average closed fractionally lower for the session. The market moves were mixed on light economic news. From a sector perspective, the Utilities, Energy, and Basic Materials were among the advancers while the Healthcare and Financial sectors lost ground.
QuickBooks Online does more than simply download financial transactions: It lets you define them in greater detail. We explain in this QuickBooks Tip.
The Henssler Research Analysts take a look at the last economic reports for 2017 and the news for January 2018, including the housing market, economic trends, and the health of the consumer. They also take a look at what 2018 holds with tax reform, actions the Fed might take, and where the markets might go.…
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how going forward, Traditional to Roth IRA conversions are a permanent decision for investors. Read the Article
There are many reasons to refinance your home besides getting a lower interest rate. We explore the reasons in this week’s Financial Tip.
You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
Henssler Financial provides a simplified example how some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. hensslervideo_personal_finance