Personal Finance

Where Did My Retirement Go? How To Locate Lost Retirement Benefits

For one reason or another, you may find yourself in a situation where you've lost track of a retirement account like a 401(k) or pension. There are several ways this can happen: Job change. People change jobs in today's economy much faster than they did in the past, and that means that retirement accounts like [...]

2019-07-02T21:11:05-04:00January 26th, 2018|

Tax Reform in 2018

Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers. Reduces income tax brackets. The bill retains seven brackets, but at reduced rates, with the highest tax bracket dropping to [...]

2019-07-02T20:51:06-04:00January 3rd, 2018|

The Equifax Breach And You: Be Proactive

Earlier this year, hackers were able to breach the security of Equifax, one of the three national credit reporting agencies. More than 143 million Americans – nearly half the entire country – were exposed to the attack, and may have had their personal information stolen (including names and birthdates, and Social Security and driver's license [...]

2019-07-02T20:51:06-04:00November 27th, 2017|

How to Fix Your Overfunded Retirement Account

Is socking away large sums in a tax-deferred retirement account ever a bad idea? It is when you exceed the annual IRS limits. And intentional or not, the penalties can be painful. Here's how overfunding occurs and what steps to take to fix an overfunded retirement account. When do overfunding situations occur? Overfunding retirement accounts [...]

2017-10-27T16:34:15-04:00October 23rd, 2017|

5 Tax-Loss Harvesting Tips

Though the markets have been up strongly this year, your investment portfolio may have a few lemons in it. By using the tax strategy of tax-loss harvesting, you may be able to turn those lemons into lemonade. Here are some tips: Tip #1: Separate short-term and long-term assets. Your assets can be divided into short-term and [...]

2017-10-27T15:51:24-04:00October 9th, 2017|