Taxes

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Are You Ready for the 2018 Tax Season?

Economic News you can Use

Tax Season Arrives In January Are you ready for tax season? Ready or not, tax season, defined as the first day that the IRS accepts tax f...

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The Economy Tax Returns Investing & Retiring Taxes

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Retirees: How To Avoid Costly Mistakes Now

Know These Limits and Act on Them by The End of The Year

As a retiree, how do you plan to spend your Christmas? You may be visiting or hosting family for the holiday, preparing for a special vacati...

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Social Security Retirement Investing & Retiring Taxes

Q&A

Asked by Jessica

What is the best way to increase my high income, large cap growth and risk allocation stocks?

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Answers 5

Answered by Pamela J. Horack, PRO+
CFP® in Lake Wylie, SC

Hi Jessica! Sounds like you have a great family - what a gift! As I read your question, I hear two concerns. One - I want to grow this money as much as possible. Two -...

Financial Planning Investing & Retiring Taxes Mutual Funds Stocks

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Asked by Kathleen

I already have an IRA. Should I look into a Roth IRA as well.

Answered by Dan Crimmins
Financial Adviser in Woodcliff Lake, NJ

Kathleen - It is great that you are saving for your retirement. The difference between a Roth IRA and a traditional IRA is when the tax is due. When you contributed...

Retirement Investing & Retiring Taxes IRA

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How New Tax Law Affects Homeowners

The Changing Landscape of Deductions

After weeks of negotiations between the House and the Senate, Congress finally passed tax legislation designed to lower taxes and stimulate ...

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Property Taxes Tax Returns Taxes Tax Laws

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Is Your State A Net Payer Or A Net Taker?

Which States' Taxes Support Other States?

How do you adjust the U.S. tax system so that everybody pays his or her fair share? That argument has been going on for as long as taxes hav...

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Taxes State Taxes Federal Income Taxes

Q&A

Asked by Lynn

I was told that a whole life policy may be better than term since I will be able to get all my premiums back in 35 - 30 years. Is that true?

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Answers 7

Answered by Donn Sharer
CFP ChFC CLU in Millstone Township, NJ

Thanks for your question Lynn. While I can't speak specifically to PA, I can say that I'm not aware of a "return of premium" feature for whole life policies. That said...

Budgeting Insurance Life Insurance Taxes

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Asked by John

What’s the difference between opening a custodial account and a 529 for our son’s college fund?

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Answers 3

Answered by Barry Rabinowitz
Financial Adviser in Plantation, FL

There is a big difference. A 529 has special tax rules, whereby if the funds are used for tuition, laptops, etc, all growth can be withdrawn income tax free. Also, in...

College Funds (529 Plan) Financial Planning Investing & Retiring Taxes Banks

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