Taxes

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Thinking Through a Legacy

Submitted by Lewis J. Walker on Friday, August 28, 2015 - 3:00pm

When you say, “I want to leave a legacy,” what do you mean? Is legacy about money, possessions, memories, spirituality, meaning, love, circles unbroken, the lives of loved ones and fellow humans who are better off because you were here ... what?

Your Mid-Year $$ Checkup

Submitted by Taylor Schulte on Friday, July 31, 2015 - 12:00pm

This time of year marks a great moment to slow down and look at your financial progress in 2015. How are you tracking against goals you set in January, and do you have an opportunity to save more, give to a cause or reduce this year’s taxes? Examine financial goals you set earlier this year, focusing on each major aspect of your money plan.

Social Security Ignorance

Submitted by Rick Kahler on Friday, July 31, 2015 - 9:00am

Even though Social Security is a backbone of retirement, public ignorance about it is widespread. That doesn’t bode well for people’s retirement planning, especially because the program faces a funding shortfall within the next two decades.

Hey, Fed: Admit Your Limits

Submitted by Brenda Wenning on Wednesday, July 22, 2015 - 9:00am

Apparently, the Federal Reserve is taking the summer off. Since so many people erroneously believe that this flawed institution is all-powerful, maybe the bank can use its idle time to come clean with the public about its limitations.

Tax Saving for College Kids

Submitted by Jason Lina on Wednesday, June 10, 2015 - 12:00pm

As any parent knows, dependents are tax deductible. However, letting your children file on their own can create significant tax saving opportunities if you are subject to rules that limit many traditional tax breaks.

How to Get 2015 Tax Breaks

Submitted by Lora Murphy on Tuesday, June 2, 2015 - 3:00pm

Though the ink’s barely dry on your return for 2014, getting an early start on tax planning for 2015 can save you both money and stress next April. Here are five techniques to keep in mind.

1. Tax-loss harvesting. If you already realized a large capital gains tax in 2015 or anticipate one later this year, this tactic might help. Loss harvesting involves selling an investment at a loss and simultaneously buying a similar, substitute investment.

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