Receiving Social Security Can be Taxing
Are your Social Security benefits taxable? It all depends on your modified adjusted gross income. Learn more in this week’s Tax Tip.
Special Considerations for Second/Vacation Homes
Before buying a second or vacation home, consider the costs, rental potential and tax treatment. We explain in this week’s Financial Tip.
Short-Term Cash Need? Don’t Dismiss Your 401(k)
Our experts discuss a case study that demonstrates how a 401(k) loan may make sense to cover a unique short-term cash need.
Market Roundup: Week Ends Slightly Down After Mixed Reactions to Fed’s Decision on Interest Rates
The week began on a down note with Energy stocks leading the decline alongside a dip in crude oil prices; however, the slip was reversed Tuesday, as Energy stocks rallied ahead of the Federal Open Market Committee meeting. In other economic news, U.S. retail sales ticked up 0.2% in August from a 0.7% gain in July. Discounting cars and gas, sales climbed 0.4%. The rally continued Wednesday as crude oil experienced strong gains. The Consumer Price Index showed inflation retreated in August with a 0.1% dip in headline inflation versus expectations of no change. Energy prices slipped 2% last month, while food prices edged up 0.2%. Thursday’s big news came by way of the highly anticipated comments from the Federal Open Market Committee meeting. The Federal Reserve kept its interest rate unchanged. Stocks retreated after Fed Chair Janet Yellen said that global developments overshadowed signs of strength in America. Additionally, housing starts fell by 3% to 1.13 million units in August, missing expectations of a lesser dip to 1.16 million. Friday’s down market pushed the week into the red zone with the Materials and Telecommunications sectors leading the decline.
Retiring Early? Plan Ahead to Avoid Early Withdrawal Penalties
Retiring early? We explain how planning ahead can help you avoid early withdrawal penalties in today’s Marietta Daily Journal. Read the Article
Business Entities: C Corporation
The C corporation business structure has its strengths and weaknesses. We explore them in this week’s Business Tip.
Life Insurance Evaluation: Baldwin Method
When comparing insurance policies, you have to account for the return on savings, value of the protection and tax effect. We explain in this week’s Insurance Tip.
Beware of Draconian Penalties for Health Reimbursement Plans
As a business owner, do you offer employees a health reimbursement plan? Beware of what this option may cost you. We explain in this week’s Tax Tip.
What Return Are You Really Earning on Your Money?
Knowing the difference between nominal and real return may help you make decisions when investing your money. Learn more in this week’s Financial Tip.
Accessing Retirement Money Early
Our experts discuss a case study on how investors can take advantage of the five-year rule on Roth conversions to access retirement funds before age 59 ½ and avoid an early withdrawal penalty.