If you didn’t adjust your tax withholding in early 2018, you might be in for a surprise when completing your tax return this year. A lot of people opted for the “wait-and-see” approach to determine if the Tax Cuts and Jobs Act would impact their return. Initially, the Tax Policy Center projected the new legislation…

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It’s common for all types of relationships to experience “power swings” — when one person or entity holds more sway over another, for a wide variety of reasons. We have witnessed this phenomenon recently in the job market.1 Starting during the Great Recession and for several years thereafter, many individuals lost jobs and unemployment levels…

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There are 5 strategies that could help you get more out of your Social Security benefits when you retire. Don’t miss Retirement Solutions Radio show, “5 Smart Social Security Strategies To Help You Get More Out of Your Benefits!” Listen Now! Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment…

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The good news is, starting this year, taxpayers may now deduct charitable donations totaling up to 60 percent of their adjusted gross income. The bad news, however, is that because the new legislation increased the standard deduction, fewer filers will list itemized deductions. In other words, your itemized deductions will need to exceed your standard…

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Tax season is upon us, and it’s time to figure out if and how changes brought by the Tax Cuts and Jobs Act will affect you. Bear in mind that adjustments have been made in each of these areas:1 Individual tax income brackets and tax rates Standard deduction (doubled) Personal exemptions (eliminated) Child credit (increased)…

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According to new research from Genworth, one of the nation’s leading long-term care insurance companies, Americans are both entering caregiver roles and requiring care at younger ages. Among the study’s findings:1 Nearly half of family caregivers now are men The average age of a family caregiver is 47 (down from age 53 in 2010 57%…

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People are living longer, which also means more people are working longer, either because they want to stay engaged or they need more time to prepare for a longer retirement. Unfortunately, these trends haven’t made ageism any less prominent. One researcher found careers tend to peak at age 45 for men and age 40 for…

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After all the inconvenience it caused nationwide, it appears the main impetus for ending the federal government shutdown in January was its impact on air travel. On Jan. 25, the FAA began restricting flights into and out of New York’s LaGuardia Airport due to a shortage of air traffic controllers. Prior to this, there had…

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When Lessie Brown, a 114-year-old woman from Ohio, passed away in January, her family attributed her longevity to the fact that she ate a sweet potato nearly every day until she was well past 100.1 All potatoes are packed with nutrition, but the more colorful the potato, the better. Varieties of orange, yellow and purple…

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