The say one person’s trash is another person’s treasure. This may hold true when it comes to collectibles – those various objets d’art for which many people will pay good money. But if you’re considering selling or donating some of your precious items, be sure to consider the tax impact on your 2017 return. Sales [...]
The clock is ticking down to the tax filing deadline. The good news is that you still may be able to save on your impending 2017 tax bill by making contributions to certain retirement plans. For example, if you qualify, you can make a deductible contribution to a traditional IRA right up until the April [...]
Health care costs continue to be in the news and on everyone’s mind. As a result, tax-friendly ways to pay for these expenses are very much in play for many people. The three primary players are Health Savings Accounts (HSAs), Flexible Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs). All provide opportunities for tax-advantaged [...]
Simplicity is the key to a successful family budget. But every budget needs to cover all necessary items. To find the right balance, your budget should address two distinct facets of your family member’s lives: the near term and the long term. In the near term, your budget should encompass the primary, day-to-day items that [...]
Like most people, as you age into your 40s and 50s, you may wonder what the future holds for your health and well-being. Will you be as shard mentally and robust physically as you are right now? Could a serious medical condition arise in your future that might prevent you from performing routine daily tasks? [...]
Few purchases during your lifetime will be as expensive as buying a home. Whether it’s your primary residence, a vacation home or an investment property, how you choose to pay for it can have a significant impact on your financial situation over time. If you’re considering a mortgage loan, understanding the main categories of mortgages [...]