Author: adminpro

  • Are Investment Fees Tax Deductible?

    I was looking for a specific answer to this question and I found this great article from David Marotta on Forbes Magazine so I thought I would share on the blog. “I often get asked, “Are investment management fees tax deductible?” The answer is not a simple “yes” or “no.” Like many tax questions, the answer is…

  • Estate Planning and Investing for Retiring Baby Boomers

    Some baby boomers are skeptical about the stock market after being burned during the downturn 2008/2009. Now that the stock market has been booming for several years, it may be time to consider a financial planner who understands estate planning and investing as you close in on retirement. Having a will set up and assigning a…

  • Do You Qualify for this Investing Tax Credit?

    The Saver’s Credit: almost a well-kept secret? It’s becoming increasingly difficult for low to middle-income families to save; however, the IRS allows a Saver’s Credit that could mean a $1,000 tax credit. Of course, it depends on the tax filer’s status as well as their adjusted gross income, or AGI.  The tax benefit is to…

  • How Can E-Money Save you Time?

    Budgeting can be very time consuming and tedious which is why most people don’t do it.  Today we are going to discuss online budgeting/financial software and how it can help to make your financial picture much more clear and save you oodles of time.   You might have heard of Mint.com, which is one of…

  • Millennials and Their Money: 3 Tips for Overcoming Investing Fears

    When it comes to Millennials and their money, most Americans ages 18 to 29 would rather sit on a boat load of cash. They have a sinking feeling that investing in the stock market is like boarding the Titanic. According to a recent Bankrate.com study cited by a recent The Street article, younger people prefer…

  • Hidden Costs in Investing

    There are many different ways in which costs are charged to your investment portfolio.   Many of these are hidden and are basically untraceable.  Today we are going to discuss a few of the hidden costs, and a few of the transparent costs. Costs you should know about Management Fee/Commission Whoever your investment advisor is is…

  • What is Dollar Cost Averaging?

    Today we are going to discuss dollar cost averaging (DCA) and how it is most likely helping your retirement portfolio. “Dollar Cost Averaging-  The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer shares…

  • 3 Reasons to Roll Over an Old 401K to an IRA

    After leaving a company, former employees can usually opt to keep their 401K or move the money over into a Rollover IRA. The benefits of rolling over old employer 401ks often outweigh the negatives. 1. Opening up new opportunities Most 401K or company-sponsored retirement plans offer only a small selection of mutual funds, target-date funds…

  • Are You Coachable?

    I will admit that I am happy that the San Antonio Spurs won the NBA title this year. I have been a Spurs and Tim Duncan fan for many years. Now that I have made all the Heat fans mad, I will explain what a lead in like this had to do with investing? After…