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How to Avoid Identity Theft this Tax Season

Posted by on Mar 19, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID, Taxes | Comments Off on How to Avoid Identity Theft this Tax Season

How to Avoid Identity Theft this Tax Season Tax identity theft has been on the decline in recent years due mostly to education and outreach, but many individuals, businesses, and tax preparers still fall victim to tax-related fraud every year. This type of fraud can vary from fraudulent tax returns to phishing messages asking for tax information. Last year, there was a spike in phishing messages sent to tax preparers attempting to get client information. This year, the Internal Revenue Service (IRS) has created Identity Theft Central, a new...

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Death of the Stretch

Posted by on Mar 12, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Death of the Stretch

Death of the Stretch New changes to the law have come, some are good and some are not good from a tax perspective. Today’s post discusses how the new changes affect various aspects of retirement and estate planning. Background of Legislation Congress passed the SECURE Act at the end of 2019. This Act is designed for Setting Every Community Up for Retirement Enhancement. The new law is getting mixed reviews, however. It does enhance the 401(K) plans. Small business employers are incentivized to offer retirement plans in their company....

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How to Have More Fun and Meaning in Retirement

Posted by on Mar 5, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on How to Have More Fun and Meaning in Retirement

  How to Have More Fun and Meaning in Retirement   A blank calendar filled with nothing but free time can be every bit as stressful as a packed work week. That’s the surprising fact that many new retirees confront after a few days of hitting the snooze button and puttering around the house. This is usually when the reality of retirement sets in. This is your life now. What are you going to do with it? Whatever you want! The only thing better than sleeping in is jumping out of bed early because you’re energized and excited for the day ahead....

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Time to Fear the Coronavirus?

Posted by on Feb 26, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial Advisor Boise ID, Health, Live Life to the Fullest | Comments Off on Time to Fear the Coronavirus?

Time to Fear the Coronavirus? written by Brian S. Wesbury – Chief Economist with First Trust Robert Stein, CFA – Deputy Chief Economist Monday, fear over the Coronavirus finally gripped investors, as both the Dow Jones Industrial Average and the S&P 500 index fell over 3% – the largest daily declines in two years. These drops wiped out all the gains for the year. Frankly, it’s amazing to us that the market had been so resilient!  Maybe it’s because recent history with stocks and viruses is that markets overreact leading to...

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How Will The Economy Do In 2020?

Posted by on Feb 13, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Current Events, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID, Retirement, Taxes | Comments Off on How Will The Economy Do In 2020?

How Will The Economy Do In 2020?   Will The Dow hit 32,500 or the S & P 3650 in 2020? See what Brian Wesbury, Chief Economist at First Trust believes. Click the link to watch the video.  

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New Decade – New Cyber Threats Protect You Financial Accounts

Posted by on Jan 29, 2020 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Cyber Security, Financial Planners Boise ID | Comments Off on New Decade – New Cyber Threats Protect You Financial Accounts

New Decade – New Cyber Threats Protect You Financial Accounts   A new decade also means new cyber security threats. 2019 saw 184 million ransomware attacks compared to only 2,000 in 2017.  We anticipate that technology will continue to advance at a record pace, which brings threats along with convenience.[1] In this new decade vigilance will be a way of life. Here are some items to consider. Don’t click on links unless you are sure of the sender Don’t open suspicious emails Delete unused apps on your phone and computer Update apps and...

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What is Your Guiding Word for 2020?

Posted by on Jan 7, 2020 in Financial Planner Boise ID, Live Life to the Fullest | Comments Off on What is Your Guiding Word for 2020?

What is Your Guiding Word for 2020? What do you want to see happen in the coming 12 months? What would you like your year to look like? If you choose one word for what you desire this coming year, what would it be? Choosing a few words – no more than 5 – to describe the compass you want for the year is gaining popularity. It is replacing New Year’s Resolutions. This one-word guides choices you make; activities you do, and decisions in your life. Keeping this word front and center each day allows small changes to occur over time. Having goals...

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Did Tax Reform Change Your Giving?

Posted by on Dec 19, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Charitable Giving, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Did Tax Reform Change Your Giving?

Did Tax Reform Change Your Giving?   Tax Reform in 2017 raised the standard deduction to $12,000 and $24,000 for singles and married filing joint. This decreased the number of households itemizing by over 20 million or a 50% reduction. However, the charitable giving from individuals only decreased by 1.1% according to Giving USA 2019 Annual Report on Philanthropy for the year 2018. While tax deduction may be one benefit donors seek in giving, it isn’t the driving force behind most charitable giving. Studies have shown generosity strongly...

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Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays

Posted by on Dec 5, 2019 in Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID | Comments Off on Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays

Don’t Let ‘Cyber Scrooge’ Ruin Your Holidays   Cyber Scams are on the increase during the holiday season. Adapt your on-line behavior to avoid getting hacked or attacked by ‘Cyber Scrooge’. To help ensure your holiday season goes well, follow these tips to help stay secure. In the first quarter of 2019, 2.2 BILLION account credentials were stolen. These identities continue to be sold on the dark web. If you haven’t put a freeze on your credit, this is a good time to put it in place. An ounce of prevention…. Another preventative measure is to...

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Can Capital Gains Push You into a Higher Tax Bracket?

Posted by on Nov 19, 2019 in Certified Financial Planner Boise ID, Certified Senior Advisor Boise ID, Financial, Financial Advisor Boise ID, Financial Planner Boise ID, Financial Planners Boise ID, Financial Planning Consultant Boise ID, Financial Services Advisors Boise ID | Comments Off on Can Capital Gains Push You into a Higher Tax Bracket?

Can Capital Gains Push You into a Higher Tax Bracket?   Making Money on your money sounds great until you have to pay taxes. The federal capital gains tax rate is 0%, 15% and 20%. This is lower than the tax rate on ordinary income. To determine your capital gains tax rate, you begin with your ordinary income. Then add your capital gains to it. Where does this total fall in the range for capital gains tax bracket? (See Table below) IRS Tax Rate: Single Taxpayers Married Filing Jointly Heads of Household 0% $0 – $39,375 $0 – $78,750...

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