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Investments

IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute Up to $17,500 to Their 401(k) Plans in 2013

December 17, 2012
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*Reprinted from the IRS website IR-2012-77, Oct. 18, 2012 WASHINGTON — The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory…

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Explaining the "Fiscal Cliff"

August 28, 2012
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What is the “fiscal cliff”? It’s the term being used by many to describe the unique combination of tax increases and spending cuts scheduled to go into effect on January 1, 2013. The ominous term reflects the belief by some that, taken together, higher taxes and decreased spending at the levels prescribed have the potential…

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Frequently Asked Questions – Estate Taxes

July 16, 2012
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Question: How will estate taxes be paid if I leave no provision in my will? Answer: The IRS places an automatic lien against your estate for any estate taxes that may be due. If your will leaves no specific provision about how these taxes are to be paid, state law generally controls how the burden…

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Frequently Asked Questions – What is My Tax Bracket?

July 2, 2012
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Question: What is my tax bracket? Answer: Generally, a tax bracket is the income tax rate at which you are taxed for a certain range of income. The income ranges vary, depending on your filing status: single, married filing jointly (or qualifying widow(er)), married filing separately, or head of household. Brackets are expressed by their…

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Frequently Asked Questions – What is the Kiddie Tax?

June 25, 2012
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  Question: What is the Kiddie Tax? Answer: Special rules commonly referred to as the “kiddie tax” rules apply when a child has unearned income (for example, investment income). Children subject to the kiddie tax are generally taxed at their parents’ tax rate on any unearned income over a certain amount. Currently, this amount is…

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Medicare Tax on Investment Income

June 20, 2012
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  Beginning in 2013, high-income individuals may be subject to a new 3.8% Medicare contribution tax on some or all of their unearned income. For more information, click the link to the video below: Medicare Tax on Investment Income   *image used courtesy of stock.xchng

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Europe and the Summer of Uncertainty

June 14, 2012
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It’s no secret that what’s happening in Europe is driving financial markets worldwide. Even if you have a sound asset allocation strategy and a well-diversified portfolio, it’s hard to ignore the fact that this summer seems to have the potential for turbulence. Markets dislike uncertainty, and at this point uncertainty is high, particularly in advance…

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Investing in Bonds

June 11, 2012
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Bonds may not be as glamorous as stocks or commodities, but they are a significant component of most investment portfolios. Bonds are traded in huge volumes every day, but their full usefulness is often underappreciated and underestimated. Why invest in bonds? Bonds can help diversify your investment portfolio. Interest payments from bonds can act as…

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Best Buying Market in Years?

March 21, 2012
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In the 1-year following its 3/09/09 bear market closing low of 677, the S&P 500 gained +68.6% (i.e., change of the raw index not counting the impact of reinvested dividends) through 3/09/10, its best 1-year performance after a bear market low in the last 60 years. In the 2nd year following its 3/09/09 bear market…

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