Financial Planning

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March 12, 2015 

New ABLE Accounts Offer Tax-Free Savings for Disabled Americans

An ABLE account will work pretty much like a Section 529 plan account for higher education expenses. In fact, the accounts are authorized by Section 529A of the tax code. After you establish the account and contribute to it, any earnings inside ...

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March 5, 2015 

How to Increase an Investment Interest Deduction

It’s rare when tax return preparers advise their clients to look a gift horse in the mouth. But it might happen when a taxpayer is affected by the limits for deducting investment interest expenses. Depending on the situation, it may make sense to elect preferential tax treatment for certain long-term capital gains or qualified dividends...…

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March 5, 2015 

3 Tips for Personal Finances and Long Term Care

People pondering their retirement years often conjure images of spending more time on a favorite pastime or traveling around the country or the world. Health concerns can intrude on those idyllic scenes, though, not only affecting enjoyment of life but...

 How 401(k) Plans Save Money and Reduce Taxes

January 24, 2015 

How 401(k) Plans Save Money and Reduce Taxes

Are you participating in an employer-sponsored retirement plan? If your company has one, consider yourself fortunate. But if you’ve been ignoring whatever your company is offering, this year make a resolution to get the facts. A good retirement plan will allow you to defer taxes on whatever you contribute to your 401(k) account until you...…

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January 15, 2015 

Americans’ Personal Finances Much Healthier, AICPA Study Finds

A decrease in loan delinquencies and improvement in job openings have pushed Americans’ overall financial satisfaction firmly into positive territory for the first time since the financial crisis, according to a new quarterly index released today by the

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January 12, 2015 

3 Ways Women Can Improve Their Finances

When it comes to buying power, women are steadily overcoming men. Throughout the next decade, women will control two-thirds of consumer wealth in the United States and will be the beneficiaries of the largest transference of wealth in our country’s ...