Blog Archives

CREDIT-CARD DISPUTES

With apologies to the classic film “The Graduate,” here’s our one word for today: plastic. “Having credit card issues? At least 26,600 other frustrated people are right there with you,” writes Maria Lamagna in an interesting piece for marketwatch.com. “The

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WORKING UNTIL . . . WHEN?

“With Americans living longer and the Great Recession walloping employees’ nest eggs, a new CareerBuilder study estimates half of U.S. workers at least 60 years old don’t think they’ll be able to retire until 70 at the earliest,” writes Andrew

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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: , ,

THE TRUMP ADMINISTRATION AND RETIREMENT

“Lost in the flurry of [Trump Administration] activity is the pressing question of how to deal with the American retirement crisis,” writes Suzanne Woolley in a bloomberg.com piece. “The median working-age family had $5,000 saved for retirement in 2013, according

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Remarks of IRS Commissioner John Koskinen on 2017 Filing Season Kickoff

Here are excerpts from remarks delivered Jan. 5 by the IRS Commissioner outlining “some important changes this year [and] a few key details about this year’s filing season. This year, the IRS will begin accepting electronically filed returns on January

Posted in News, Retirement Plans, Tax Planning and Deductions

SMALL BUSINESS OWNERS & RETIREMENT

A financialadvisoriq.com piece interestingly notes that “most small business owners in the U.S. haven’t put away for a comfortable retirement and could be betting too much on selling their business to fund it, according to a recent survey from BMO

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Interest Rates Remain the Same for the Third Quarter of 2016

WASHINGTON — The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning July 1, 2016. The rates will be: four (4) percent for overpayments [three (3) percent in the case of a corporation]; four

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IRS WARNS: WATCH OUT FOR PHISHING, PHONE PITCHES & OTHER 2016 TAX SCAMS

WASHINGTON — The Internal Revenue Service wrapped up its annual “Dirty Dozen” list of tax scams with identity theft topping this year’s list but with phone scams and phishing schemes also deserving special mention. Taxpayers need to guard against any

Posted in Boomer Retirement, News, Retirement Plans, Tax deductible, Tax Planning and Deductions Tagged with: ,

Identity Theft an Ongoing Concern on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid

WASHINGTON — The Internal Revenue Service [on Feb. 1] issued a filing season alert warning taxpayers to watch out for identity theft at tax time and highlighted the crime as the first scam in the agency’s “Dirty Dozen” series. Over

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MARKET UPDATE: FOURTH QUARTER 2015

By Kevin McCormack, President, Pension Parameters Financial Services, Inc. Following several years of strong positive returns, the U.S. equity market ended the year essentially flat.  Although overall performance on the year was muted, major stock indices were volatile, reaching new highs

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