Weighing the risks of bond funds – March 2018

Most portfolio allocations call for a mix of stocks (equities) and bonds (fixed income). The underlying theory is that stocks may deliver substantial results over the long term, whereas bonds contribute interest income and lower volatility.

What’s Inside

  • Weighing the risks of bond funds
  • Two five-year tests for Roth IRA’s
  • How small companies can address harassment issues
  • Tax Calendar
READ ISSUE

County Property Tax Prepayment Option

So far, following counties are known to allow prepayments:

Cook, DuPage, Grundy, Kane, LaSalle and Will.

Cook first installment only; can be paid online – bills already available online. Also by mail (postmarked by 12/31/2017) or at any Chase Bank branch in Illinois.

DuPage and Grundy can be paid in person or by mail (postmarked by 12/31/2017)

Grundy up to 100% of amount paid in 2017 taxes for 2016 taxes.
DuPage up to 105% of amount paid in 2017 for 2016 taxes.

Kane can be paid in person or by mail, but it must be RECEIVED by 4:00 PM on 12/29/2017 even if by mail.

Kane up to 100% of amount paid in 2017 taxes for 2016 taxes rounded down to the nearest $100. Also must use the Application for Kane County Property Tax Prepayment Program form available online.

LaSalle and Will county in person only by 12/29/2017. Up to 100% of amount paid in 2017 for 2016 taxes.

Kendall County is not allowing prepayment.

Pros and Cons of Asset Management Fees – December 2017

A transition is underway within investment firms. Increasingly, the people you hire to manage your money don’t refer to themselves as brokers or stockbrokers. Instead, they’re now financial advisers, financial planners, or financial consultants.

What’s Inside

  • Pros and Cons of Asset Management Fees
  • Win With a Roth IRA Reversal
  • Year-End Thank You Gifts from Business Owners
  • Tax Calendar
READ ISSUE

Uncertainty Hampers Year-End Tax Planning – November 2017

As of this writing, year-end tax planning is clouded by questions about federal legislation. President Trump and many of the Republicans in Congress favor changes that would affect the tax code. Currently, the success they’ll have in their efforts is difficult to predict.

What’s Inside

  • Uncertainty Hampers Year-End Tax Planning
  • Year-End Planning for Investors
  • Year-End Retirement Tax Planning
  • Year-End Tax Planning for Charitable Donations
  • Year-End Business Tax Planning
  • Tax Calendar
READ ISSUE

Prepare Your Kids for Financial Independence – October 2017

An AICPA survey discovered that parents are more likely to talk with their children about manners, eating habits, school grades, and substance abuse than about finances. All these topics are important, but it’s also vital to teach your kids the basics of handling money.

What’s Inside

  • Prepare Your Kids for Financial Independence
  • New IRS Ruling May Rescue Estate Plans
  • Tax Court Approves 100% Business Meal Deduction
  • Tax Calendar
READ ISSUE

Ginnie Mae Funds for Your Retirement – September 2017

Many people prefer to have some conservative holdings in their IRA’s and other retirement accounts. This century has already produced two nasty bear markets (in 2000-2002 and 2007-2009). If a third downturn occurs, investors will be glad they held some defensive positions, which might minimize losses and possibly offer gains.

What’s Inside

  • Ginnie Mae Funds for Your Retirement
  • Tax Credits Beat Tax Deductions
  • R&D Tax Credits for Small Companies
  • Tax Calendar
READ ISSUE