Archive - December 29, 2011

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The Right Way to Gift and Lower Your Taxes
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The 3 Financial Resolutions You Should Make This Year

The Right Way to Gift and Lower Your Taxes

The holiday season is in full swing.   And although the ups and downs of the market may make you feel more like Scrooge than Santa, your long-term financial objectives may still include plans to gift and transfer your wealth.   A carefully planned gifting program can help you achieve personal aspirations, such as leaving a legacy through charitable contributions or assisting loved ones, but importantly, it also reduces one’s estate and thus minimizes the estate taxes that your heirs may have to pay upon your death.

 

For both 2011 and 2012, an individual may gift $13,000 annually per person without …

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The 3 Financial Resolutions You Should Make This Year

It is that time of the year again to make your New Year’s resolutions! Each year most people decide on a number of changes to make for the coming year. How about including your financial life in this year’s resolutions. Let’s take a look at some ideas.

Investigate 401k Employer Matching Contributions:  Most 401k plans provide for employer matching contributions. The match consists of the employer contributing a certain dollar amount to your 401k account based on the dollar amount you contribute. For example, your 401k plan has a dollar for dollar employer match up to $1500. For every dollar …

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