In the News: Hybrid Long-Term Care Insurance Policies have Changed the Insurance Landscape
In today’s Marietta Daily Journal, Bil Lako, CFP®, talks hybrid long-term care insurance policies and how they may be useful for certain investors.
Don’t Have a Budget? Quickbooks Online Can Help
You know you should have a budget. You’re aware that it can help you stay on track with your company’s income and expenses throughout the year. Maybe you’ve even tried to make one before, but you got discouraged by the mechanics or by the difficulty of estimating money in and out for the next 12…
What is the difference between a tax deduction and a tax credit?
Tax deductions and credits are terms often used together when talking about taxes. While you probably know that they can lower your tax liability, you might wonder about the difference between the two. A tax deduction reduces your taxable income, so when you calculate your tax liability, you’re doing so against a lower amount. Essentially,…
Solar Tax Credit: The Dark Side
There are TV ads, telemarketing phone calls and sales people at your front door all promoting the benefits of solar power, and one of the key considerations and a frequently mentioned benefit is the 30% federal tax credit. What isn’t included in the ads—and something most potential buyers are unaware of—is that the solar credit…
Do I have to accept a bequest I don’t want?
No, you don’t. A bequest is a gift left to you in a decedent’s Will. You may not want the gift for a variety of reasons. For example, it may be a burden on you, or it may result in adverse tax consequences for you. Whatever your reason for not wanting the bequest, you can…
Hybrid Long-Term Care Insurance Policies Have Changed the Insurance Landscape
This week, Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate Shawna Theriault, C.P.A., CFP®, CDFA®, and Director of Insurance Planning, Jim Crone, CLU®, CFS®. Jim leads a discussion on long-term care insurance, and the options investors have when shopping for LTC coverage, including traditional carriers and hybrid policies.
Market Update: Major Indices Gain for the Week as Inflation Inches Up
U.S. stocks stepped up on Monday for the third straight session, on job data optimism. The previous Friday’s Employment Situation reported our labor market added 213,000 jobs in June. Stocks continued to rise the next day notching their seventh session of gains; however, the eight-day rally came to an end on Wednesday as indices slumped on concerns over escalating trade tensions.
In the News: Don’t let Your Investments Coast through Summer
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that before you get wrapped up in the kids’ back-to-school excitement, tailgating and football season, you need to take the time to review your investments.
Big Changes to the Kiddie Tax
Years ago, to prevent parents from transferring their investment accounts into their children’s name to avoid taxes, Congress created what is referred to as the kiddie tax. This counteracted the strategy of taking income from the parents’ higher tax bracket and shifting it to their children’s lower tax bracket. The kiddie tax plugged that tax…
How Can I lower the interest rate on my credit card?
One way is to call your existing lender and try to negotiate a lower rate. Often, the threat of losing a customer and the associated income from your finance charges can inspire a card company to accept a lower interest rate and keep the relationship. Negotiation is most effective if you have a stable payment…