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How to Beat Taxes by Investing
It is tax time once again and no matter how much you hate taxes you should know about the tax advantages of IRA’s. Contributions to IRA’s can help you in many different ways at tax time. They can lower your taxable income dollar for dollar to reduce your tax burden, or even increase your refund.…
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If You Make Less Than $61,500 Read This Before You File
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 $2,000 tax credit per family. Of course, it depends on the tax filer’s status as well as their adjusted gross income, or AGI. The tax benefit is to increase the incentive for lower…
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How to Become a Millionaire on a $30k Salary
Becoming a Millionaire used to seem like this totally unrealistic goal that would never happen unless I won the lottery or inherited a bunch of money from some distant relative. As it turns out becoming a millionaire is not all that unrealistic of a goal. It is achievable on almost any salary if you…
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Are Investment Fees Tax Deductible?
Everyone is looking for tax deductions this time of year, so I am going to help you out with a possible tax deduction that often get overlooked. When I get asked if investment fees are tax deductible, I say, “it depends”. If your investment fee along with other miscellaneous deductions, such as tax prep fees…
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“Billionaires Bet Big on Market Crash”
I go online to check Yahoo Finance everyday to see how the stock market and other markets are doing. I try to stick to the numbers and real information, and avoid the headlines and articles most of the time. But, a few weeks ago this was the headline that couldn’t be missed. Billionaires Bet Big on Market…
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You Can’t Afford to DIY Investing
With the proliferation of the Internet and continued expansion of online investment tools, the role of an Investment Advisor is now of crucial importance. Personal investors have access to more information than they ever have before, but wading through the data to find that path to success and discipline still requires the eye of a trained…
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Elections Impact on the Stock Market
It seems to be all anyone can talk about for the last few months. This is a very strange election year with crazy headlines and stories to go along with it. So we have gotten the question “How will the presidential election effect the market?” just about every day. For questions like this I am…
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3rd Quarter Returns: I Told You So
The weather was not the only thing that was hot from July to September, but your investment portfolio most likely was as well. Let’s just hope you stayed disciplined to receive the tough returns. The following is an excerpt from the Matson Money quarterly statement. “The 3rd quarter of 2016 provided much smoother sailing for…
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Market Timing: Winners and Losers
Wall Street wins and investors lose every time market timing is done. So what is market timing and are you losing returns because your money manager is doing it? Or even worse, have you been caught doing it all on your own? According to Investopedia, market timing is “The act of attempting to predict the…
