Dollars & Sense Column - Orange Town News (Reprints)

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Dollars & Sense: Will I Pay Taxes On My Inheritance?

https://orangetownnews.com/dollars-sense-will-i-pay-taxes-on-my-inheritance/

(May 29, 2019) Inheritances come in many forms.  It can be anything from a family jewel, to a house or investments.  Regardless of its form, receiving an inheritance can impact your taxes.  In many instances an inheritance can inflate your overall income and potentially affect taxation of social security benefits, Medicare premiums could be adjusted and for those with college students, it can impact eligibility for financial aid.  There is nothing wrong with letting your inheritance sit until you have explored all of your options and have a full understanding of how a windfall can affect your personal taxes...

 

Dollars & Sense: Taking Mom's Financial Advice

https://orangetownnews.com/dollars-sense-taking-moms-financial-advice/

(May 02, 2019) Mother’s always know best, but yet we still question some of the advice given to us by our mom’s – especially when it comes to finances and when that advice sounds crazy and old-fashioned.  Here are some interesting topics involving mom’s financial advice...

 

Dollars & Sense: Know your Tax Facts

https://woodbridgetownnews.com/dollars-sense-know-your-tax-facts/

(March 7, 2019) Yes!  It is officially tax season and millions of American’s are scrambling to get all of their tax documents ready for their tax preparers.  In December of 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which represents the first major tax law overhaul since the Tax Reform Act of 1986.  Certainly, the TCJA effects each of us in different ways.  Let’s face it, there are no two tax returns that are identical.  Who benefits from the new tax bill?  It’s hard to say...

Dollars & Sense: Are you an Emotional Investor?

https://woodbridgetownnews.com/dollars-sense-are-you-an-emotional-investor/

(February 7, 2019) No matter how you look at it investing is an emotional experience.  Investment experiences can be equated to a love and hate relationship.  Love it when you are making money and hate it when losing.  Fear and greed is another type of relationship that investors often have with markets.  Fear of losing money means “get out” and greed means “put me back in”.  Countless times investors have made comments about markets as if the market itself was a real, live, breathing thing...

Dollars & Sense: 2019 Economic and Market Outlook: Not a Bad Place to Be

https://woodbridgetownnews.com/dollars-sense-2019-economic-and-market-outlook-not-a-bad-place-to-be/

(January 10, 2019) As we approach year-end, we find ourselves in unfamiliar territory.  Over the past several years, despite mounting worries about politics and other issues over the past several years, the economy—and the stock market—have kept growing.  In the first half of 2018, the markets were moving higher, albeit with a few breakdowns, and economic growth was accelerating.  People were increasingly confident, believing the worst was behind us.  It seemed we had finally found a safe place after the heartaches and losses of the financial crisis...

Dollars & Sense: Gifts That Keep Giving

https://woodbridgetownnews.com/dollars-sense-gifts-that-keep-giving/

(December 13, 2018) We all love to give our children and grandchildren the “special gifts” or the “must have” items that appear on their list.  However, the price tag on some of the popular tech items have sky-rocketed over the past years.  And, perhaps your young person has all of the tech they could possibly want...

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