Archive - November 12, 2014

1
How to Prepare for a Stock Crash
2
Tax Extenders: To Be or Not To Be?
3
A new way to fund your Roth IRA

How to Prepare for a Stock Crash

you prepared for the coming stock crash? As time goes by the market will move closer to the top and the market will become more diffused with a few leaders way ahead that are pushing up the indexes and lots of weaker stocks lagging the index. Since there will be more laggards than leaders as we get closer to the top then the odds go up that your own personal portfolio will contain more laggards than leaders.

If you own the laggards then you could be losing even if the market index was going up. As the top is approached …

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Tax Extenders: To Be or Not To Be?

With congress returning to work this week, there are a few items that are still up in the air for tax year 2014.  The most pressing issue (at least in relationship to taxes) is the topic of tax extenders. These extenders expired Dec 31, 2013 and unless legislation is put in place this expiration could be costly for many taxpayers.

The list below outlines some of the most impactful expired provisions, but it is not exhaustive.

  • The state and local sales tax deduction.
  • The deduction for mortgage insurance premiums as interest.
  • The deduction for qualified tuition and related expenses.
  • The
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A new way to fund your Roth IRA

Photo courtesy of lee Scott on unsplash.com

Photo courtesy of lee Scott on unsplash.com

As you plan and save for your retirement, it’s nice to have multiple types of taxation for your income sources. You may have a pension, Social Security, and a traditional IRA, all of which are taxed to some degree or another.  Adding to this list you might have a Roth IRA which generally will provide you with tax-free income in retirement. The problem with the Roth IRA is that you have some strict limits on the amounts that you can contribute, and typical Roth Conversion strategies are costly and complicated. With the recent …

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