Archive - January 22, 2013

1
What The New Fiscal Cliff And Health Care Tax Legislations Mean For You
2
Should I Buy Life Insurance To Pay Off Student Loans At My Death?
3
College Expenses You Haven’t Planned For
4
Estate Planning Is Important For Young Adults

What The New Fiscal Cliff And Health Care Tax Legislations Mean For You

The American Taxpayer Relief Act of 2012 (ARTA) was signed into law by President Obama on January 2, 2013, averting some of the large tax increases that would otherwise have been effective this year.  This article provides a summary of some of the key provisions of this law.

Personal Income Taxes

Income tax brackets- The income tax brackets from the Bush tax cuts are permanently retained for taxable income under $400,000 for individuals and under $450,000 for couples.   Taxable income above these levels is taxed at 39.6%.  These brackets will be annually adjusted for inflation.

Payroll taxes- The employee portion …

Read More

Should I Buy Life Insurance To Pay Off Student Loans At My Death?

Student loan debt has topped $1 trillion, and is rapidly climbing. According to FinAid, total student loan debt is growing by $2,853.88 per second… That’s over $10 million per hour! Unfortunately, unscrupulous crooks are using the debt as a way to scare people into making bad financial decisions… Take the following story for example…

A friend recently came to me and was furious… She is in her late 20’s, middle income, with no spouse, significant other, or children. A life insurance salesmen approached her about buying a Whole Life Insurance policy. My friend knew enough to know that she …

Read More

College Expenses You Haven’t Planned For

Soon (if not already) you’ll know if your child is one of the anointed ones. Early decisions from college applications have pretty much rolled in by now, and while the regular decisions are still sweating it out (or hoping for better), parents are busy filling out those college aid applications. It’s really crazy that you have to file aid applications without knowing whether your child is in or not, but I suppose the colleges could argue that you need an aid offer to know whether you’re going to accept their admissions offer. I’ve discussed aid qualifying in other posts on …

Read More

Estate Planning Is Important For Young Adults

The Epoch Times states, “Younger people may have a tendency to think that estate planning is only for older and wealthy people…” However, no one can predict the future and the publication outlines some very good reasons for those that have not reached their golden years to make time for estate planning. Not having a will means that you leave it up to the state where you live to decide what happens with your resources.

Minor children: If you have young children, you need to make sure that they are provided for. Should you pass away while your children …

Read More

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