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Common Questions Asked About Social Security

By Hans E. Scheil, CFP®, CLU®, ChFC®, CASL® When clients come to us for a financial plan their main goal is to arrange for a secure retirement. Part of that security and a major element for many retirement portfolios is Social Security. Unfortunately, as much as people will come...
Posted On 13 Jul 2017

No Good Deed Goes Unpunished — but You Can Get Tax Relief

Many of us try to do the right thing especially with our finances but even the most well intentioned deeds can backfire Fortunately a few tax maneuvers can soothe some of the burn when a thoughtful money move ends up biting you in the wallet Good deed You used your bonus Source
Posted On 12 Jul 2017

Watch Out for Phony IRS Collectors

An IRS program to use private debt collectors to recoup back taxes on some accounts has attracted scammers looking to cash in The IRS began turning over some 140 000 seriously delinquent accounts to collectors in April This summer consumers should be especially wary of callers...
Posted On 05 Jul 2017

What Kids Starting Jobs Should Know About Taxes

My 15 year old son is starting his first job this summer working in the snack bar at our local pool What tax forms does he need to fill out My 15 year old son is starting his first job this summer working in the snack bar at our local pool What tax forms does he need to fill out Source
Posted On 19 Jun 2017

What Donald Trumps Tax Plan Could Mean to You

We re just months into Donald Trump s presidency but I think we already can agree it s going to be an interesting four years We re just months into Donald Trump s presidency but I think we already can agree it s going to be an interesting four years SEE ALSO Uncle Sam Can t Wait...
Posted On 16 Jun 2017

How to Claim Florida as Your State of Residence to Save on Taxes

Maybe and claiming the Sunshine State as your permanent residence could save you a lot of money Florida has no state income tax whereas New York has a top income tax rate of 8 92 But you can t just tap your heels together to make it happen And tax officials in states that are...
Posted On 09 Jun 2017

Trump Taxes and Your Wallet: Heres What I See

Donald Trump rode into the White House on a wave of campaign promises including a complete reform of the U S tax code It has been three decades since the tax code has been through any major reform enough time for it to reclaim its status as one of the most complex and voluminous...
Posted On 06 Jun 2017

How A Health Savings Account Can Be A Tax-Saver

This content is made possible by our sponsor; the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The traditional adage about Americans hating death and taxes might be slightly amended to hating ...
Posted On 30 May 2017

Is Trumps Tax Plan Destined For Failure?

In many ways, President Trump failed to deliver on the sweeping pledges he raised during the campaign trail. Following the inauguration, the narrative quickly shifted from draining the swamp to a bad reality show featuring broken promises and investigations into foul play. But...
Posted On 25 May 2017