Section 199A Business Tax Deductions

A deduction intended for pass-through business owners Many households, businesses, and other organizations are arranging their documents for the coming tax season. The changes to the tax code have inspired a great deal of discussion, confusion, and clarification. Something you might want to know, as a business owner. There’s a tax cut that many may … Continue reading Section 199A Business Tax Deductions

Your Emergency Fund: How Much is Enough?

An emergency fund may help alleviate the stress associated with a financial crisis. Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as you’re driving to work, giving yourself your best, … Continue reading Your Emergency Fund: How Much is Enough?

Could Unclaimed Money Be Yours?

How can you find & obtain it? More than $40 billion in unclaimed cash & property waits to be returned. At first glance, that figure seems staggering, unbelievable – and, yet, it is true. To be more exact, the National Association of Unclaimed Property Administration (NAUPA), a coalition of state unclaimed property programs, puts the … Continue reading Could Unclaimed Money Be Yours?

Should Women Strive to Work Past 62?

The argument for doing that is pretty convincing. Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will “never retire.” In addition to keeping herself engaged and active, she may be doing herself a great financial favor as well. More women … Continue reading Should Women Strive to Work Past 62?

Building an Emergency Fund

Everyone should aim to have a cash reserve. We all would love to have a little extra cash on hand for emergencies. Saving up that cash can be a challenge – but with a little effort, that challenge can be met. Imagine a 30-year-old couple with no real savings. Let’s call them Kurt and Diana. … Continue reading Building an Emergency Fund

What Does Your Home Insurance Policy Cover?

  Take a moment to see if you are adequately protected.   Not all home insurance policies are alike. Coverage amounts obviously vary, and so do coverage areas. Taking ten minutes to scrutinize what your policy does (and does not) cover is a wise idea.   Homeowner policies routinely provide tornado, windstorm, & hailstorm coverage. … Continue reading What Does Your Home Insurance Policy Cover?

Cash Balance Plans

  More professional practices (and practice groups) should look into them.   In corporate America, pension plans are fading away: 59% of Fortune 500 companies offered them to new hires in 1998, but by 2015, only 20% did. In contrast, some legal, medical, accounting, and engineering firms are keeping the spirit of the traditional pension … Continue reading Cash Balance Plans

Managing Money Well as a Couple

  What are the keys in planning to grow wealthy together?   When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good news is that … Continue reading Managing Money Well as a Couple