Did you ever notice that when you put the words “The” and “IRS” together, it spells “THEIRS.” -author unknown No one I know enjoys paying taxes. However, most of us dutifully pay our taxes — both to abide by our nation’s laws and out of respect for the nation we live in — despite what [...]
Since the brokerage houses are now starting to release their Forms 1099B for 2011, investors are noticing they look a little different than in past years. The change in the Form 1099B is the result of a requirement that brokerage houses report cost basis of certain securities to the IRS. Investors will discover significant changes [...]
Throughout our working lives, we pay into the Social Security system so that we will have a lifetime annuity that will be use to supplement our living needs in retirement. There are many questions to consider when it comes to determining the appropriate time to claim one’s Social Security benefits and unfortunately, there is no [...]
“Hard work beats talent when talent doesn’t work hard.” -found on a poster in Tim Tebow’s childhood bedroom Last weekend, New England unceremoniously ended Tim Tebow’s season behind Tom Brady’s 6-touchdown passes. Tebow has become a polarizing sports figure as half the nation appears to be infatuated with him — both on and off [...]
The new year brings a renewed sense of optimism and an eagerness to achieve all of our newly set resolutions. Something often overlooked or misunderstood in our society is what number it will take to retire comfortably. Do you know what your number is? Is that number achievable? Are you doing the things needed to [...]
The difference between performance and outperformance often comes down to not what you buy, but how you buy it. Jim Cramer, host of CNBC’s Mad Money Over the last several years, the equity markets have offered much to investors in terms of risk and volatility but little in absolute positive returns as the S&P 500 [...]
With all of the hustle and bustle of the holidays going on, this is also a time when you are gathered with your family and friends and share about your successes during the year, what you are looking forward to, and hopefully just celebrating the time together. But what if the unexpected did happen? Are [...]
Business owners are notorious for getting caught up, bogged down, and held up on their progress as a result of the minutia of their day-to-day duties. This makes fitting in the planning for new strategies and initiatives very difficult. Even those with the greatest of intentions will find it difficult to focus on planning when [...]
As we all know, the end of the year brings so many things for us to think about and do. One of the year-end planning items on our list here at Veros is to review our clients’ portfolios and determine if there are opportunities to harvest losses and thus reduce the corresponding tax bill. Of [...]
Yesterday I gave you a glimpse at the Roth IRA and the Roth 401(k) and teased you with the Roth Conversion topic in Part I. They were certainly a hot topic in 2010 when the income limit was removed and became available to all taxpayers. But here is what I want to tell you today… [...]
