Archive - December 2011

1
Two Ways to Support Your College Grads Without Letting Them Back into the House
2
Here’s Why Investors Need to Ignore the Noise in the Markets Today
3
The Best Tax Moves to Make Before Years End
4
The Social Security Spousal Benefit – Fully Explained
5
6 Ways To Attack Your Finances and Win

Two Ways to Support Your College Grads Without Letting Them Back into the House

Years ago, it was typical for recent college grads to return home to live with their parents for a few years until they were able to support themselves and live financially independent lives. Many of the financial plans we developed over the years incorporated goals to financially assist clients’ children to some extent beyond their college years. We work with clients to determine the amount of financial support they can give, and for how long without sacrificing their own financial future.

Today, we find that as adult children are approaching their thirties they are still relying on their parents for …

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Here’s Why Investors Need to Ignore the Noise in the Markets Today

As far as the financial markets are concerned gridlock means uncertainty, and uncertainty is something that markets generally abhor. It should come as no surprise that the markets have been swinging due to the Congressional “super committee’s” inability to develop a consensus on finding $1.2 trillion in budget savings over the next ten years. Since there were no immediate political consequences to not arriving at a deal, none was reached. That is a luxury that lawmakers will find in short supply over the next year.

The failure to arrive at an agreement will have consequences in about a year. There …

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The Best Tax Moves to Make Before Years End

Once you’ve reached the last month of the tax year, there aren’t a lot of things that can be done to minimize your income taxes.  But there are a few things that could be done.

Prepay Real Estate Taxes

For example, you could double up your real estate taxes by prepaying next year’s tax during December.  Doing this with, for example, a $3,000 per year real estate tax bill could result in a reduction of tax for the year of $750 if you’re in the 25% bracket.  Keep in mind though, that you’ll have forked out this money long before …

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The Social Security Spousal Benefit – Fully Explained

Following up my article which provided several brief examples of the Social Security Spousal Benefit, I thought I’d provide some further explanation and background for the provision. It appears from some of the feedback I have received that there is a great deal of confusion over this provision, so hopefully the further background explanation that I’m providing here will be of help.

I have listed below several additional background details about how the Social Security System works, in order to help you better understand the prior article.

Additional Background Explanation

As stated at the outset of the previous

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6 Ways To Attack Your Finances and Win

When it comes to your finances, are you on offense or defense?

Me, I’ve always been a defensive player by nature. I was never the one sprinting down the court for a fast break to the basket. But I was usually the defensive player who intercepted the pass and got it to that point guard for the fast break. I’m finding the same is true in tennis these days. I am MUCH more comfortable as a baseline player reacting to the return rather than charging the net to take the ball out of the air and putting away the point.… Read More

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