Archive - April 3, 2013

1
Why Invest In The Stock Market Anymore?
2
Claiming A Home Office Deduction? It’s Much Easier This Year, Here’s How.
3
Should You Own An Umbrella Policy?
4
Family Gifting Strategies

Why Invest In The Stock Market Anymore?

You’ve heard the investment commentators berate investments in the U.S. stock market lately. They note that the Dow Jones Industrial average, which measures values in the stock market, has been trading over 14,000 for the past month -- but isn’t that where it peaked in September of 2007?

Their conclusion is that it’s folly to invest your money in the stock market since it’s had a zero return over the past five years. Other indexes measuring the U.S. stock markets, such as the S&P 500, have confirmed this 'lagging' performance.

This conclusion demonstrates the hazard of relying on 'static' analyses, …

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Claiming A Home Office Deduction? It’s Much Easier This Year, Here’s How.

Ever since the inception of the Internet, home offices have been growing by leaps and bounds; by one estimate more than three million taxpayers can make that claim. While there are any number of benefits to having a home office, one irksome negative was the burden involved in substantiating the home office deduction and the Internal Revenue Service’s complicated and convoluted process to file that claim.

Well, it seems someone at the IRS has become enlightened and the long awaited simplifications to the various rules which govern home office deductibles have now been released. Like the cumbersome 1040’s simplified counterpart …

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Should You Own An Umbrella Policy?

As a financial planner, a good portion of my job consists of identifying and dealing with potential risks and liabilities for which my clients are exposed. One of the most comprehensive, cost-effective tools for reducing risk exposure is an umbrella insurance policy. Quite simply, the purchase of an umbrella policy would be a wise decision.

What is an Umbrella Policy?

An umbrella policy protects both your current and future assets against the cost of losing a lawsuit involving your car or real estate property. Such a policy is in addition to your auto and homeowners insurance. For example, suppose your …

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Family Gifting Strategies

While many popular gifting strategies involve charities, gifting to family members can be equally rewarding. Here are a few easy approaches that can reduce or avoid taxes, and are also effective wealth transfer techniques.

  1. Annual Exclusion Gift – In 2013, $14,000 can be gifted to any individual without any reporting or paperwork. There is also no reduction in the federal estate and gift exemption amount, currently $5,250,000 per person. You can still gift more than this to one person by filing IRS Form 709 – the Gift Tax Return. Amounts given over $14,000 begin to reduce the amount you can
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