05.10.19
Estimating the Cost of College
James V. Petitpren, II
It does not take a degree in finance to see the cost of college continues to rise. In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in […]
03.12.19
Intrafamily Loans Offer Family Value
Jeffrey R. Green
When children or other family members need financial assistance, it may be tempting to simply hand them a check. But lending, rather than giving, money to your loved ones offers several advantages.
02.26.19
Maximize the Benefit of Nondeductible IRA Contributions
Thomas Kosinski
Many taxpayers choose to contribute to Roth IRA accounts because they provide for tax-free distributions in the future. However, not all people are eligible to contribute to a Roth IRA. If your income is too high, you may want to consider making nondeductible contributions to a traditional IRA.
01.25.19
Making the Most of the New Pass-Through Deduction
Many families use pass-through entities such as partnerships, limited liability companies and S corporations for financial, estate or succession-planning purposes. If you own interests in any such entities, it is important to familiarize yourself with the new 20% “pass-through” deduction contained in the Tax Cuts and Jobs Act.
12.21.18
Dollar Cost Averaging has an Unexpected Price Attached
Adam M. Levine
Many investors use dollar cost averaging (DCA) to reduce their average cost per share and lower the risk that they’ll make a substantial investment just before the market plummets. Although DCA offers some peace of mind, it also comes at a price.
11.16.18
Year-End Tax Planning for Investors
Adam J. Pechin
The end of the year is an ideal time to review your investment portfolio. You want to ensure that it is meeting your objectives and that the mix of assets continues to reflect your time horizon and risk tolerance. It is also a good point to implement strategies for reducing your 2018 tax bill.
10.05.18
Your Responsibility When Hiring Household Help
Jacqueline N. Janczewski
When you hire a housekeeper, nanny or other domestic worker, you do not just acquire an employee, but also a set of tax responsibilities. Proper filing and reporting enables your worker to build an employment record and gain access to Social Security, Medicare and other benefits. This also helps protect you from potentially expensive and time-consuming legal trouble.
