Category Archives: Charitable Contributions

11 Tips To Protect You From Identity Theft & Related Tax Fraud

Kelly Phillips Erb If the chatter is to be believed, identity theft tops the list of taxpayer concerns for 2018. And it’s not all in your head: an Identity Fraud Study, released by Javelin Strategy & Research, found that identity thieves stole $16 billion from 12.7 million U.S. consumers in 2014, a new victim every two seconds . Those statistics are scary but there is some good news to be found in the report: the… Read More »

Working Longer May Benefit Your Health

CHRISTOPHER FARRELL Are there health benefits to staying in the work force longer? The scientific research is inconclusive, though it tends to tilt toward “yes.” This is particularly pronounced among people who find work fulfilling in the first place, who tend to be office workers, teachers and others whose workplace is not, say, a factory or a construction site. More so than people in most previous generations, baby boomers are continuing to work past their… Read More »

Seven Crazy Tax Laws Trump Should Change

Robert W. Wood President Elect Trump and Republicans say big tax changes are coming. It’s about time. The U.S. tax code is the most complex in the world, chock full of perks to special interests and social engineering. It is incomprehensible, and often produces unjust results. In 1913, our entire tax law was 27 pages. It’s now over 4 million words, 9,000 bloated pages. From 2001-2012 alone, there were 4,600 changes, more than one a day. Individuals spend 6.1 billion hours a year doing their tax… Read More »

How Much Do You Need to Retire? Four Ways to Achieve That Magic Number

How much do you need to save for retirement? Jordan Dechtman Wealth Management offers a free retirement income analysis and four strategies to save more.

Of the 46 Frequently Asked Questions about Retirement, this one is at the top of the list for many people approaching retirement: “How much do I need to save before I retire?” The answer is hardly simple, as John Wasik points out in the article below. Because you don’t know how long you will live, how much you will spend on health care, or how inflation will affect prices for everyday expenses, it can be… Read More »

Why 2016 Is An Especially Good Year to Donate to Charity

If you’ve had a good year and want to give back by supporting a charity, now might be a good time to do so. Donations not only benefits causes and groups of interest to you, but can also benefit you come tax time. Gifts to a qualified charitable organizations can be deducted from your income if you itemize deductions—give $1,000 and you can save $350 on income taxes if you’re in the 35% tax bracket.… Read More »