by Kristine McKinley | Feb 7, 2012 | Taxes
Everyone loves a good tax tip. And now that tax season is in full swing, the IRS and other experts have started to issue tip after tip after tip. Here’s a recap: Getting a jump on your taxes long before the April deadline is the best tip of all. To do so, the...
by Kristine McKinley | May 7, 2011 | Retirement
On any given day, you will find not one but several studies that examine the current state of affairs for Baby Boomers, the 77 million Americans born between 1946 and 1964 that are now slowly approaching retirement. And what’s emerging is an interesting, though...
by Kristine McKinley | Dec 20, 2010 | Featured Post, Taxes
Good news for charitable IRA owners over age 70 ½… the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, signed last week by President Obama, extends the ability to give up to $100,000 directly from your IRA to a charitable institution,...
by Kristine McKinley | Dec 17, 2010 | Featured Post, Taxes
“We had a responsibility to protect middle class families from a tax increase that would have hit their paychecks and harmed the recovery” – Treasury Secretary Timothy Geithner statement after the House passed the newest tax bill last night. Nothing like waiting til...
by Kristine McKinley | Dec 9, 2010 | Featured Post, Retirement, Taxes
As we near the end of 2010, many people are wondering if a Roth IRA conversion is the right move for them. Why so much focus on Roth IRAs this year? The rules that determine who can convert a traditional IRA to a Roth IRA have been changed which will allow more...
by Kristine McKinley | Aug 20, 2010 | Featured Post, Financial Planning
Many people hire financial planners to help them meet their financial goals. Whether you are a beginner investor with very little experience or whether you have a good knowledge and understanding of financial planning topics, a financial planner can be a valuable...
by Kristine McKinley | Nov 26, 2009 | Retirement, Taxes
People who received unwanted RMDs in 2009 have just a few days left to roll those RMDs back into their IRAs, thus eliminating the tax bill from the original distribution. RMDs Suspended The Worker, Retiree, and Employer Recovery Act of 2008 (WRERA) suspended required...
by Kristine McKinley | Nov 14, 2009 | Personal Finance
There’s at least a glimmer of hope for people who are currently unemployed. The Senate voted on Wednesday to extend unemployment benefits by up to 20 weeks for people currently collecting unemployment. Most states will receive a 14 week extension, but states with...
by Kristine McKinley | Nov 1, 2009 | Retirement
The number of reverse mortgages backed by the government jumped nearly 20 percent in March and April (2009) alone from the same period in 2008. At a time when seniors have seen their retirement assets depleted by market losses, tapping home equity has been a safety...
by Kristine McKinley | Jun 30, 2009 | Featured Post, Retirement, Social Security
In January of this year, people collecting Social Security retirement benefits received one of the highest cost of living adjustment (COLA) increases seen since the 1980s. Unfortunately, that increase may be the last one you see for a few years. If you are retired...
