Archive - 2015

1
Exploring free tax filing
2
High Prices For Both Stocks And Bonds: What Should Investors Do?
3
Financial Planning: Curb Your Credit Card Spending
4
Pay Taxes Once, Instead of Four Times, Using Your IRA’s Required Minimum Distribution
5
What Were the Drivers of GDP Growth Since the 2009 Bottom?

Exploring free tax filing

free tax filingTax filing season is upon us! As you consider all of your options for filing your return this year, you might consider some of the exploring free tax filing for your return. Recently the IRS published their IRS Tax Tip 2015-06, which details information about two of the options for free tax filing that you might be able to take advantage of. The actual text of the Tip is below:  

Ten IRS Tips about Free Tax Preparation

Each year, millions of people have their taxes prepared for free. The IRS’s Volunteer Income Tax Assistance or and Tax Counseling for …

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High Prices For Both Stocks And Bonds: What Should Investors Do?

 

    An interesting symmetry is the way that investment grade bonds go up in price due to a crowding-in phenomena. Compare this to a situation where as the economy weakens the small companies are hurt more than big ones which resulted in a reduction of competition (especially in terms of pricing) and thus higher profits for the survivors. Thus ironically the recession made big companies more profitable than if there hadn’t been a recession. And the recession of 2009 made investment grade bond prices higher than expected because it created a shortage of safe assets and a greater demand

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Financial Planning: Curb Your Credit Card Spending

teal credit card digits close-upA Fee-Only financial planner does more than examine your budget or prepare your taxes. He or she takes a holistic approach to helping you figure out what your financial goals are and what steps you need to take the reach those goals.

One way they do this is through talking to you about your lifestyle and your approach to managing your money. If you tend to overspend, don’t hide it from a financial advisor because it will be hard to get the results you want if you are undermining a financial plan.

In “The Most Serious Threat When Using

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Pay Taxes Once, Instead of Four Times, Using Your IRA’s Required Minimum Distribution

Age 70 ½ is an important age milestone for IRA owners. It’s the so-called ”day of reckoning” when the IRS begins collecting taxes on your deferred retirement savings. Fortunately, this event also triggers tax-planning opportunities. If you have income each year that results in paying quarterly federal tax estimates, you may be able to use your required minimum distribution (RMD) to pay some of your taxes.

You simply elect tax withholding from the distribution in the amount that you need. For example, if your IRA RMD is $20,000 this year, you could ask your IRA custodian to withhold 100% of …

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What Were the Drivers of GDP Growth Since the 2009 Bottom?

Growth in the US. since the bottom of 2009 came from domestic oil, tech (particularly Social Media), and financial companies. It also came from commodities exporting. Now oil’s price has been cut in half and suddenly everyone is assuming that since oil typically was $40 inflation adjusted over several decades then it will stay in the 40s. This will destroy a lot of good paying blue color jobs at a time when these jobs are scarce. The Social Media industry with the exception of Facebook is not profitable and seems likely to repeat the pattern of the year 2000 failed …

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