Some possible changes for 2017 taxes include fewer and lower tax brackets, increased standard deduction, repeal of personal exemptions, the end of AMT, and changes for businesses.
Whether you’re a mid-career serial entrepreneur or in your first job out of college, it’s good to be organized about where your savings should go.
The steps for a sound financial future remain remain in your hands. Remember the stock markets, over time, have a high likelihood of appreciation, regardless of your opinion of the president.
Leaving behind funds for a child with special needs can be a concern for parents. Fortunately, an ABLE plan can give a tax-advantaged way to save funds for the benefit of disabled individuals.
Even if the outcome of this election proves to be a crisis in your mind, don’t automatically conclude that it will be of similar import to your portfolio and long-term financial goals.
Seeing new long-term care insurance companies enter into the market with more competitive prices offers hope that the pendulum is swinging back toward more affordable policies.
Long Term Care is expensive and most retirees don’t have the resources to pay out of pocket. Unfortunately, Long-Term Care Insurance benefits are either being reduced, or the premiums are increasing now that insurance companies have a better insight into costs.
You want to settle upon a target investment allocation that under dire circumstances you would not abandon. All of the formulaic approaches may be pointing toward 70 percent in equities, but it’s not the right answer if that level of risk in a very poor market would cause you to sell. That one poor decision could delay retirement by years.
Automate your retirement plan contributions, contribute to other regular savings opportunities, and slow down automated spending on bills and credit cards.
If you can automate financial virtue and slow down financial vice, you will achieve your goals sooner than you could imagine.