Four Questions Regarding Your Financial Future

If you are serious about your financial future you should know the answers to these four questions: 1) What rate of return do you have to earn on your savings and investment dollars to be able to retire at your current standard of living and have your money last through your life expectancy? 2) How much do you need to …

Use Caution with Tax-Preparation Franchises

Two recent lawsuits have shed light on tax-preparation franchises, raising red flags from unwitting taxpayers looking for fast, affordable service just in time for tax season. The fight between H&R Block and Intuit, parent company of TurboTax software, has spilled into federal court and turned nasty. At the same time, federal officials seeking stricter standards for tax preparers at these …

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The True Cost of Disabilities

Imagine that you are cruising along through a work project, whether its on an assembly line floor, in a cubicle or inside a conference room. All that labor, computer work or other effort catches up with you and, suddenly, youve put your back out. Everything that happens next should be covered, right? Wrong. And with economic conditions remaining stagnant, few …

IRS Plans Jan. 30 Tax Season Opening For 1040 Filers

  Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. The IRS will begin accepting tax returns on that date after updating forms and completing programming and testing of …

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Mentoring in the Digital Age

New technologies and workforce trends are making the importance of professional mentorships even more critical to the success of a business or an industry, recent studies show. When a fresh-faced employee displays the gleam of potential, a manager may take that staffer under their wing. Its hardly a new concept. However, the advent of sophisticated smartphones and social networking websites, …

Using Retirement Funds for Non-Retirement Needs

From a recent WashingtonPost.com article by Michael A. Fletcher… “A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising broad questions about the effectiveness of one of the most important savings vehicles for old age. More than one in four American workers with 401(k) and other retirement savings accounts use them to …

Getting Ready to Retire?

Certain tax issues may affect your social security benefits. Many individuals start thinking about retirement at age 63 and wonder how social security will work once they are no longer working. Some people have to pay federal income taxes on their social security benefits. This usually happens only if they have other substantial income such as wages, self-employment, interest, dividends …

Safeguarding Your Assets while Saving for the Future

A recent NY Times article, Safeguarding Your Assets Against the Hazards of a Lawsuit, states, “Asset protection is something that people with a nice home and a couple of cars should consider, particularly if they can imagine being sued. Certain professionals who are well off but far from rich, like lawyers, architects and doctors, are at a higher risk of being …

Disability Income Insurance for Business Owners

One of your greatest assets is the ability to earn an income. If you were to lose that ability due to a disabling accident or illness, how would you pay your bills, send your kids to college, and save for retirement? A disability can create substantial economic hardship for individuals and their families. As a business owner, both your personal …

Planning for Retirement

Regardless of your age, it’s never too earlyor too lateto plan for your retirement years. Obviously, the sooner you begin to formally plan, the more comfortable and secure your retirement will be. The following is provided to help you identify critical areas of planning. Of course, everyone’s personal financial situation and lifestyle goals will vary, but there are some general …