Archive - July 24, 2012

1
Financial Planning And Fatherhood
2
The Zero Duration Asset
3
Deducting Job Search Expenses On Your Tax Return

Financial Planning And Fatherhood

Financial planning isn't just for people who are getting ready to retire; this kind of assistance can be beneficial through various stages of life. In May, we looked at how mothers make financial sacrifices for their children and we know that fathers do the same.

In a personal essay on Yahoo! Finance, one father discussed “Financial Lessons of Fatherhood, ” mentioning that while he did prepare in some ways, he really could not have know what fatherhood would be like until he actually had child to care for. 

The costs of having a baby

Before you get …

Read More

The Zero Duration Asset

The duration of an asset is the time it takes to get paid back after you bought it. So a zero coupon bond that pays nothing until maturity has a duration equal to its maturity date. A one month CD, that pays interest at the end of the 30 day holding, would have a duration of one month.

A typical bond might have an eight year maturity and a five year duration. The reason the duration is about a third less than the maturity is because of the interest payments.

A “demand deposit” (a checking account) has a zero duration …

Read More

Deducting Job Search Expenses On Your Tax Return

Searching for a job can get expensive.  These days, let’s face it, if it’s not you, someone you know is on the hunt for a new job.  Did you realize that at least some of those expenses can be deducted on your income tax return?

Recently the IRS distributed their Summertime Tax Tip 2012-06, which discusses some of the important facts you need to know about tax-deductible job search expenses.  I’ve added a few explanatory comments to help you get more out of the Tip.  The text of the Tip can be found below:

Job Search Expenses Can Be Tax

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login