Tax chat Tuesday with Mark AlaimoMark Alaimo serves as a Principal at Wealth Management Advisors, LLC and within the Tax Department of Sullivan Bille PC, CPAs. Mark is skilled in...
Psst...Looking for Income?The fact is many folks need to supplement their income from places like Social Security, pensions etc. which can be woefully inadequate with the ever rising costs of daily essentials. With interest rates effective near zero, there isn't much your bond (unless you invest in emerging market bonds or high yield "junk" bonds - and that means taking on more risk that you may be willing to) or that CD from the bank can do.
The Risks to Retirement Have ChangedThe good news is that Americans on average are living longer than ever. The bad news is that Americans on average are living longer. Running out of assets before running out time is one of the biggest fears Americans have in retirement. Consider designing a retirement income plan that takes into consideration social security benefits, pension benefits and personal savings with the income youll need to stretch your income for as long as you live.
Are you throwing money away this tax season?The best way to reduce your income taxes is to start planning early in the year. When you get your 2013 returns completed, start your 2014 planning in earnest. Use your 2013 as a guide to estimate what will be on those same lines for 2014.
You can't shelf this one... MyRA!Almost half of American households live with little to no savings. President Obama is counting on Executive Authority to change that. What is a MyRA and what are the 6 major points that you need to know?
How Well Do You Know Your Taxes?The Financial Planning Association of Massachusetts wants to know, "How Well Do You Know Your Taxes?". Test yourself... Do you know the answers to these every day financial planning questions? This is the 1st of a 5 Part Series meant to help make finance fun. If you did not know the answers, visit us at www.fpama.org and find a Certified Financial Planner near you. Or follow us on Twitter at @fpa_ma!
Personal Finance Agenda: 5 Money-Saving Resolutions for 2014Theres opportunity in the air. Not only does a new calendar year offer a clean slate and the chance for some calculated resolution-making, but the improving economy should also give us a bit more money to work with as we strive for financial self-improvement in 2014.