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: ,

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

Posted in News, Protect Your Family, Retirement Plans 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:

PROSPECTS OF A FRUGAL RETIREMENT

You can never go wrong with a Steve Vernon cbsnews.com MoneyWatch column, and this typically informative and gracefully written one–headlined How Boomers are Adjusting to Prospects of a Frugal Retirement—is no exception.  Vernon writes: “Several years into America’s economic recovery

Posted in Boomer Retirement, Health Care Costs, Pension Parameters, Retirement Plans, Retirement Reality 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:

Posted in Do You Know Tagged with:

SMALL-BUSINESS OPTIMISM

“[American] small businesses expect stronger revenue this year and many anticipate adding employees,” writes Howard Schneider in a reuters.com piece that cites a New York Fed report. The article continues: “In a national survey that covered nearly 16,000 firms with

Posted in Retirement Plans Tagged with: ,

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

Posted in Boomer Retirement, Money and Aging, News, Retirement Plans Tagged with: