College Costs Really Are Increasing Again – August 2017

The College Board reports that the average published charges for tuition, fees, room, and board at private, nonprofit, four-year schools were over $45,000 in the 2016-17 academic year. At public universities, the average charge was around $20,000 for state residents. Both numbers are the highest on record.

What’s Inside

  • College Costs Really Are Increasing Again
  • Start FAFSA Planning Earlier
  • Asset Allocation in 529 Plans
  • Outlining the Trump Tax Plan
  • How Small Business Retirement Plans Compare
  • Tax Calendar
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Calculating Retirement Needs – July 2017

A staple in retirement planning is the search for “your number.” That is, how much money do you need to accumulate in savings and investment accounts so you can afford to stop working? Life expectancy is increasing, so the amount you have when you retire might have t last for decades.

What’s Inside

  • Calculating Retirement Needs
  • Taxable Versus Tax-Deferred Accounts
  • Small Companies Can Do Well While Doing Good
  • Tax Calendar
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The Third Best Investment You Can Make – June 2017

The second-best investment you can make is paying off high interest rate debt (see CPA Client Bulletin, August 2016). That could come after you’ve contributed enough to your 401(k) to get a full match from your employer. What should come next? If you have no expensive debt to pay down and you’re getting the full employer match, where should you direct your money? Here are some suggestions.

What’s Inside

  • The Third Best Investment You Can Make
  • Prenups Can Serve Many Purposes
  • Solo 401(k) Plans for Companies Without Employees
  • Tax Calendar
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Tax-Wise Portfolio Rebalancing – May 2017

Studies indicate that savvy asset allocation may lead to long-term investment success. Individuals can find a desired mix of riskier asset classes, such as stocks, and relatively lower risk asset classes, such as bonds. Sticking with a chosen strategy might deliver acceptable returns from the volatile assets, as well as fewer fluctuations along the way from the stable assets.

What’s Inside

  • Tax-Wise Portfolio Rebalancing
  • Social Security Strategies That Still Work
  • With Retirement Plans, SIMPLE May Be Better
  • Tax Calendar
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Dealing With an IRS Audit – April 2017

IRS data indicate that fewer than 1% of all individual income tax returns are audited each year. That’s true, but some taxpayers are more vulnerable than others. For starters, the IRS is more likely to audit taxpayers who report high incomes because that’s where larger amounts of underpaid taxes might be found.

What’s Inside

  • Dealing With an IRS Audit
  • Deciding About a Vacation Home
  • ESOPs as Retirement Plans
  • Tax Calendar
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Playing Defense as Stock Prices Soar – March 2017

As of this writing, major U.S. stock market indexes are at or near record highs. This bullish run might continue…or it might end with a severe slide. Here are some strategies to consider.

What’s Inside

  • Playing Defense as Stock Prices Soar
  • Holding Down Premiums for Medicare Part B
  • Safe Harbor 401(k) Plans for Small Companies
  • Tax Calendar
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