Financial Articles

IRS Rules for Deducting Your Business Gym

July 2, 2018

If you have been thinking about the fitness of your employees and the possibility of a gym or other athletic facility, then you need to know the tax rules. To be tax deductible, your gym or other athletic facility must be primarily for the benefit of your employees.

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Avoid Being an IRS Target When Your Business Loses Money

June 21, 2018

If you operate what you think is a business, but that business loses money, it may not be a business at all under the tax code. Such a money-losing activity can look like a tax shelter to the IRS, and that substantially increases your chances of an IRS audit.

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Estimating Your Retirement Income Needs

June 7, 2018

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement.

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Business Owners: Planning for Your New 20 Percent Deduction

June 5, 2018

As you likely know by now, the Tax Cuts and Jobs Act created a 20 percent tax deduction under new tax code Section 199A. The question for you: Will you reap any benefits from this new deduction? And the second question: If your chance of qualifying for the 20 percent tax deduction looks bleak, what can you do now to create some hope that you’ll get the deduction?

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How Women Are Different from Men, Financially Speaking

October 31, 2017

We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes. In the financial world, women often find themselves in very different circumstances than their male counterparts…

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Leaving Your Job? Your Retirement Savings Plan Options

August 9, 2017

Are you leaving your job and considering whether to take a distribution from your 401(k), 403(b), or governmental 457(b) plan? if so, make sure you’ve considered all your options. In general, you have the following four options when you’re eligible to receive a distribution from your employer retirement savings plan…

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Balancing a Retirement Portfolio with Asset Allocation

August 8, 2017

The combination of investments you choose is as important as the individual investments themselves. In fact, many experts argue that it’s even more important, since the mix of various types of investments accounts for most of the ups and downs of a portfolio’s return. Each type of investment…

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