Entries by admin

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How 1099 Workers Can Prepare for Tax Season

The little things independent contractors should do before April.    Do you freelance or run a business on the side? You have a complicated tax situation, all stemming from one fact – when you earn a paycheck, taxes are not immediately taken out of it. Many freelancers are caught off-guard when tax season arrives. They are stunned […]

The Republican Tax Reform Plan

What is in it? What could its changes mean for you, if they become law? Major changes may be ahead for federal tax law. At the start of November, House Republicans rolled out their plan for sweeping tax reforms. Negotiations may greatly alter the content of the bill, but here are the proposed adjustments, and who […]

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Your Social Security Benefits & Your Provisional Income

Earning too much may cause portions of your retirement benefits to be taxed. You may be shocked to learn that part of your Social Security income could be taxed. If your provisional income exceeds a certain level, that will happen. Just what is “provisional income”? The Social Security Administration defines it with a formula. Provisional income […]

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Market Watch

This time of year can seem quiet, with summer vacations and back to school behind us, but the buzz of the holiday season still a few weeks away. Although this sense of calm may be a welcomed break, there is plenty of activity in the U.S. and around the globe that could impact markets through […]

How to Avoid Buying a Flood-Damaged Car

How many cars and trucks were damaged by floodwaters in 2017? Perhaps as many as a million. Some estimates say as many as 500,000 vehicles were waterlogged in the wake of Hurricane Harvey alone. Were all those cars junked? No. Some are being sold.1 It is not illegal to sell a flood-damaged car. Some auto auctions […]

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Enjoy the Rally, But Prepare for the Retreat

Investors may be lulled into a false sense of security by this market.     Will the current bull market run for another year? How about another two or three years? Some investors will confidently say "yes" to both questions. Optimism abounds on Wall Street: the major indices climb more than they retreat, and they […]

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Health Care Costs Are Cutting into Retirement Preparations

This is happening in subtle and not-so-subtle ways. You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives. In fact, Fidelity Investments now projects this cost at $275,000, up 70% from […]