Taxes

Top Reads: Last Minute Tax Moves for 2017

With the fast-approaching deadline to file your 2017 income taxes, Raghav’s top reads includes even more helpful articles on the topic of taxes (for the last top reads edition dedicated entirely to taxes, click here). If you’ve already filed or are feeling “taxed out,” we’ve included articles about taking career Read more…

By GuideVine, ago
Taxes

Down to Business: Choosing Which Corporate Tax Structure Makes Sense

It takes guts to run a business--but it also takes a firm grasp on how different businesses function if you’re going to succeed as an entrepreneur. Depending on your line of work, your income projections and tax bracket, and whether you plan to take on corporate partners or hire staff (full-time or freelance), you face several choices--each with broad implications on your personal financial picture.

By Jane Hodges, ago
Taxes

Year-End Financial Moves for the Self-Employed

While taxes are due in April for calendar 2017, certain gestures must be made before 2017 ends. Freelancers should make sure to open retirement accounts (SEP IRA) by 12/31, even though they have until mid-April to fund them. Freelancers should also review income from 2017 to see if it’s trending higher or lower, and whether that might impact taxes. Mitigation strategies in an up year might include adding funds to a retirement account or HSA, which can help lower adjusted income.

By Jane Hodges, ago
Family Finances

Health Insurance Decision Time Forces Big Questions

With few exceptions, insurance is mandatory for Americans. Those who don't have a policy through work or, if self-employed, don't purchase their own policy, face tax penalties. You can open and invest in a Healthcare Savings Account (HSA) to take advantage of healthcare cost tax deductions--but doing so may require that you buy one of the more "deluxe" HSA-approved plans on the marketplace.

By Jane Hodges, ago
Family Finances

The 6 Step Mid-Year Financial Performance Checkup

Summer is a busy time for many of us. While some things on your to-do list might get pushed to the side, your mid-year financial checkup shouldn’t be one of them. Set aside some time to sit down and look at how your financials have performed during the first half of the year. Make any required changes and you’ll be on the right path for a strong finish to 2017.

By Sean Bryant, ago
Estate Planning

4 Insights into Understanding Sudden Wealth

A death in the family, the sale of a start-up company in which you have stock, or an outsized profit on a home sale can put sudden and significant wealth into your hands. When this happens, it’s important to know what to do first. Since sudden wealth is financially complex, finding an advisor who can help navigate this is an important starting point.

By Jane Hodges, ago