Monthly Archives: November 2012

401(K) Profit Sharing Options

Professional firms & businesses use them to reward employees. Could you help your employees save more for retirement? Adding a profit sharing feature to your company’s 401(k) plan could allow you to do just that. It could also help your firm compete against the “big fish” as you try to recruit the best. Most 401(k)…
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Other Ways To Save For Retirement

Direct & indirect opportunities that don’t get enough ink. Besides periodic IRA contributions and elective salary deferrals into 401(k) and 403(b) plans, there are other ways to amass retirement savings, some of them often overlooked. Put tax refunds & tax savings to work. If you get a few hundred back from the IRS, that is…
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Social Security Claiming Strategies

What can married couples do to increase joint lifetime benefits? What is your “magic number”? Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible. Some people delay benefits and postpone using their retirement savings as an income source. Others apply out of necessity; their financial situation leaves…
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Weekly Economic Update – Nov. 19, 2012

A FISCAL CLIFF DEAL SOONER RATHER THAN LATER? House Speaker John Boehner and Senate Majority Leader Harry Reid both called Friday’s fiscal cliff meeting with President Obama and the White House economic team “constructive”. Speaker Boehner noted that he had introduced a framework for tax reform, adding that tax increases might be accepted if “accompanied…
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The Big Tax Questions For 2013

How will Congress resolve these issues? Decisions must be made. In the next couple of months, Congress will address several major tax matters. Here are the big questions looming. The Bush-era income tax cuts. Will the current 10%-15%-25%-28%-33%-35% federal tax rate structure give way to 15%-28%-31%-36%-39.6% tax brackets in 2013? After the election, some analysts…
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The Fiscal Cliff

The Atlantic offers a quick statistical breakdown of the potential impact from the fiscal cliff: http://tinyurl.com/d9pdy79 CITATIONS: TINY URL* (http://tinyurl.com/d9pdy79) redirects to … http://www.theatlantic.com/business/archive/2012/11/the-fiscal-cliff-explainer-what-it-is-where-its-from-who-will-pay-and-why-it-matters/264990/ * TinyURL (www.tinyurl.com) is a free service to make posting long URLs easier, and may only be used for actual URLs. Redirection URLs created through TinyURL.com do not expire.
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Weekly Economic Update – Nov. 12, 2012

HANDSHAKE OR STALEMATE AT THE FISCAL CLIFF? President Obama addressed the dilemma of the fiscal cliff, saying Friday that he was “open to compromise” but noting that he would not accept “any approach that isn't balanced.” Earlier, House Speaker John Boehner told ABC News that a deal including tax increases would be “unacceptable,” noting that…
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Monthly Economic Update: November 2012

THE MONTH IN BRIEF Stocks pulled back in October: the S&P 500 had its poorest month since May, retreating 1.98%. The Q3 earnings season proved disappointing, just as many analysts had warned. Elsewhere, the unemployment rate fell and home values continued to rebound. Our service and manufacturing sectors seemed to be expanding again. Oil prices…
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