Eight Tips to Help You Determine if Your Gift Is Taxable
Feeling generous? Gifting money or property? Read our eight tips to determine if your gift is taxable in this week’s Tax Tip.
Time Can Be a Strong Ally in Saving for Retirement
Through the power of compounding, you could be a millionaire. Learn how in this Financial Tip.
Hobbies, For-Profit Activities and Deductions
The IRS will look at several aspects and issues before determining if your hobby is a for-profit business. Read all about it in this Business Tip.
Why I Don't Want to Buy Life Insurance
Death is an unpleasant subject, and life insurance raises issues of our own mortality. But it doesn’t have to be that way. Read more in this Insurance Tip.
Mandatory Health Insurance Will Begin in 2014
In 2014 Americans, with certain exceptions, are required to have minimal, essential health care insurance. Read more in this Tax Strategist.
Congress Puts Lid On Health Flexible Spending Arrangements
As a way to partially pay for provisions in the new health care law, put a cap of $2,500 on FSA contributions. Read more in this Tax Tip.
Should You Buy or Lease Your Next Vehicle?
Need a new car? Our handy chart breaks down the differences on eight critical points for buying vs. leasing your next car. Learn more in this Financial Tip.
Buy Term and Invest the Difference
The main purpose of life insurance is to create an estate to take care of your heirs if you should die. Therefore, we believe the time when your need for life insurance is at its greatest is when you are young with young children. As you grow older, your need for life insurance diminishes. This means you may not need the same level of asset protection as you did when you were young. We explain in this Insurance Tip.
Gifting for Education Expenses
Tuition payments to a qualified educational institution are exempt from the gift tax rules. This means that you, a grandparent, or anyone can gift a child $14,000 and also pay their college tuition. Learn more in this Tax Tip.
Risk-Adjusted Return
Risk-adjusted return is the measure of return per unit of risk. It is a backwards looking measurement. We do not believe you can judge a portfolio on risk-adjusted return alone. We explain in this Financial Tip.