Blog Archives

IRS: Home Office Deduction Often Overlooked by Small Business Owners

Regular Method The first option for calculating the Home Office Deduction is the Regular Method. This method requires computing the business use of the home by dividing the expenses of operating the home between personal and business use. Direct business

Posted in Do You Know, Retirement Plans, Small Business Needs, Tax deductible, Tax Planning and Deductions Tagged with:

MOVING SCAMS

“Clues to a Ruse. Don’t even consider outfits that bid jobs sight unseen, that answer the phone with generic greetings such as ‘movers’ rather than  a specific company name (unscrupulous movers use multiple names to elude angry customers), or whose

Posted in Do You Know, Protect Your Family, Retirement Plans Tagged with:

SOCIAL SECURITY STRATEGY

  “The combination of working longer and waiting to start Social Security benefits is a reasonable way for older workers to address the modern realities of longer lifespans and meager retirement savings,” writes Steve Vernon in a cbsnews.com MoneyWatch article.

Posted in Asset Allocation, Do You Know, Pension Parameters, Retirement Plans Tagged with: ,

RETIREMENT IQ: CAN YOU PASS THE QUIZ?

In another superb cbsnews.com MoneyWatch column, Steve Vernon asks: “Are you among the nearly half of Americans who can’t pass a financial literacy quiz?” “Being able to ace such a test is important for all age groups, but perhaps even

Posted in Boomer Retirement, Do You Know, Retirement Plans, Retirement Reality Tagged with: ,

WHAT WOULD RODNEY DANGERFIELD THINK?

 Tom Selleck, among other celebrities, has done impressively slick infomercials extolling the benefits of reverse mortgages (truth to tell, by our light, his is the very best and persuasive of the lot—I mean, are there many others more trustworthy than

Posted in Asset Allocation, Do You Know, Retirement Plans Tagged with:

THE “LIFE EXPECTANCY GAP”

“Researchers have confirmed that life expectancy at older ages has been rising fastest for the highest socioeconomic groups,” writes Rebecca Moore in an excellent piece for plansponsor.com, citing a paper published by the National Bureau of Economic Research. Moore continues:

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CAMPUS EMPLOYEES AND RETIREMENT

“A majority of professors fear they could outlive their retirement savings, while administrative employees are more concerned about shorter-term issues: paying off debt and meeting their monthly household expenses,” writes Doug Lederman in an insidehighered.com piece headlined The State of

Posted in 401k, Do You Know, Retirement Plans, Retirement Reality, Risk and Rewards Tagged with: ,

FUTURE RELIANCE ON SOCIAL SECURITY

“A CRR analysis finds that total wealth from retirement plans has largely been flat from 1992 to 2010,” notes a piece in thinkadvisor.com headlined Future Retirees Could Be More Reliant on Social Security. “Employer-sponsored retirement plans are providing less retirement

Posted in Asset Allocation, Do You Know, Planning for Longevity, Protect Your Family, Retirement Plans, Retirement Reality Tagged with:

IRS, States and Tax Industry Warn of Last-Minute Email Scams

The Internal Revenue Service, state tax agencies and the tax industry warned both tax professionals and taxpayers of last-minute phishing email scams, especially those requesting last-minute deposit changes for refunds or account updates. As the 2017 tax filing season winds

Posted in Asset Allocation, Do You Know, Money and Aging, News, Retirement Plans Tagged with: , ,

ARE 401(k) PLANS ENOUGH FOR RETIREMENT?

ARE 401(k) PLANS ENOUGH FOR RETIREMENT? For many, a recent study suggests, maybe not. “Defined contribution plans may not be enough for American retirement investors, according to a new survey,” writes Christopher Robbins in a fa-mag.com piece. “Investopedia released research

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