Posted by Richard on September 2, 2014
So who can afford to pay $60,000 a year for a college education? Harvard College has disclosed that the full cost of attending the venerable institution, including tuition, room and board, and fees for the 2014-2015 academic year will be $58,607, up 3.9% from the $56,407 charged last year. Yale announced similar increases to its price […]
Read More →Posted by Richard on August 7, 2014
To mark the one-year anniversary of the historic Supreme Court ruling that struck down the Defense of Marriage Act (DOMA), the White House announced the extension of new benefits to same-sex married couples. For instance, the Department of Labor has said that it would clarify rules governing the Family and Medical Leave Act (FMLA) […]
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When the economy and the stock market send mixed signals, investors inevitably ask, “Is this a good time to invest?” But without a crystal ball, you’ll never know for sure when to move in and out of the market — and if you guess wrong, you could miss out on the market’s best days. […]
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Who needs a pyramid scheme or crooked money manager when you can lose money in the stock market all by yourself — quickly and easily — by following these 10 simple strategies: Go with the herd If everyone else is buying it, it must be good, right? Wrong. Investors tend to do what everyone […]
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The scenario plays out over and over again in attorneys’ offices: A family brings a parent’s will to be probated. The will is complete, well-thought-out, and takes into consideration current tax law. But under closer examination, the attorney discovers that the deceased’s estate plan doesn’t work. Why? Because a substantial portion of the parent’s […]
Read More →Posted by Richard on July 9, 2014
The form of ownership you choose for your company can have lasting legal, financial, and tax implications. Here’s a review of some of the most common business structures. Sole proprietorship — Under this arrangement, one person owns 100% of the business. Taxes are paid using a regular Form 1040, with the addition of a […]
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With interest rates on government bonds and highly rated corporate bonds barely keeping up with inflation, investors are searching far and wide for better returns. One alternative is preferred stock.1 Preferred stock is often called a stock-bond hybrid. While technically an equity investment, shares of preferred stock pay a dividend, usually on a quarterly […]
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In an effort to ease the administrative burden placed on plan sponsors and to foster portability of retirement savings for plan participants, the IRS has issued guidance that simplifies the transfer of assets between all types of qualified retirement plans. IRS Revenue Ruling 2014-09, published in April, allows the plan administrator for the receiving plan […]
Read More →Posted by Richard on May 21, 2014
Whether you need travel insurance is likely to depend on your level of coverage from existing homeowner’s, medical, automobile, and life insurance policies. In many instances, travel insurance may duplicate coverage that you already have. Travel insurance is likely to include coverage for trip cancellation, lost or stolen baggage or personal items, emergency medical […]
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The amount of federal estate tax typically is determined by the amount of assets within the estate and your relationship to the deceased. Spouses and Nonspouses Spouses typically may inherit an unlimited amount of assets free of federal estate taxes. Estates bequeathed to nonspouses, in contrast, may be subject to federal estate taxes and […]
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