Category: Advisors

Don’t hide these things from your financial advisor

Even if it’s just cash you have in a savings account, your advisor generally should know about it. Basically, it’s a piece of the puzzle. Some assets get...

In a search for fixed income, advisors look past mainstream bond funds

In the search for fixed income, financial advisors are looking beyond bonds to alternatives — from the commonplace to the more arcane. Some view certificates of...

Here’s the tax bill if you hit the $448 million Powerball jackpot

If someone hits the $448 million jackpot in Wednesday night’s Powerball drawing, Uncle Sam will be waiting in the wings with both palms out. While the odds of...

5 last-minute tax moves you can still make before you file

Most of the last-minute opportunities to reduce your tax liabilities for 2018 have come and gone. You can’t deduct charitable contributions you make in 2019 from...

There’s a huge tax bill if you hit Powerball or Mega Millions jackpot

With no one hitting all the numbers in Saturday night’s Powerball drawing, the jackpot has surged again. Now at an estimated $381 million, the top prize has been...

Here’s your tax bill if you hit Mega Millions or Powerball jackpot

However, with the top federal tax rate of 37 percent applied to income above about $510,000 for single tax filers ($612,000 for married couples filing jointly) you could...

Here’s what to do if you can’t pay that surprise tax bill by April 15

Also, interest generally accrues on the amount owed, which is separate from the penalty. That interest rate, which can change quarterly, is currently 6 percent. Of...

Many people could claim a larger Social Security check by doing this

Many people who wind up with a smaller Social Security check because they claim their benefit early could have waited longer to file, thanks to funds in their IRA....

Many Americans dream of retirement but lack a game plan

That’s not the only discrepancy. When asked about finances, survey respondents reported, on average, $610,000 as the ideal amount to have saved by retirement age....

These two accounts will ramp up your tax-free income in retirement

In 2019, the IRS will permit savers to put away up to $6,000 in a Roth IRA, plus $1,000 if you’re 50 or older. The exact amount of money you can save in this...