Personal Wealth and Finance

The Top 5 Mistakes Made by College Students on their Income Tax Returns

Posted on:  August 25th, 2016
By:  Diane Morrison

Do you have a child going away to college for the first time? Or, maybe you are a college student yourself. For the former, it’s often the first time they are living away from home and family with all the new responsibilities that entails. For the latter, there are many new tax concerns that trans Read More

Last Updated by Diane Morrison August 25, 2016

Three Ways to Simplify Your Financial Life

Posted on:  January 8th, 2016
By:  Diane Morrison

You see it while standing in line at the supermarket – once you get past the latest exploits of the Kardashians, you notice that the big trend seems to be towards simplifying your life. From de-cluttering and organizing to full-on purging, the antidote to a busy life is to pare down to just the es Read More

Last Updated by Diane Morrison January 8, 2016

The 8 Most Common Mistakes When Saving for Retirement

Posted on:  November 20th, 2015
By:  Diane Morrison

OK.  So maybe we’re beating a dead horse, but we’ll say it again – everyone should be saving for their retirement.  At the very least, if your company offers a retirement savings plan, such as a 401k, you should be participating to the maximum of your ability.  So let’s assume that you ar Read More

Last Updated by Diane Morrison November 20, 2015

Indexes – What Do They Mean For Me and My Investments?

Posted on:  October 22nd, 2015
By:  Diane Morrison

You’ve probably heard the term “index” many times in reference to the stock market.  But what are they?  How are they determined?  How do they affect me and how can I use them?  For an in-depth understanding, go to school and get an MBA.  For the Reader’s Digest version, read on for a q Read More

Last Updated by Diane Morrison October 22, 2015

The Four Legal Documents that Every Adult Must Have

Posted on:  October 1st, 2015
By:  Diane Morrison

Adulthood. It’s a long-awaited and mythical state when you’re young. Some people may believe it begins on your 18th birthday, while others might think it doesn’t begin until you have children or buy a house. The outlines of that particular state – adulthood – remain rather nebulous; but wh Read More

Last Updated by Diane Morrison October 1, 2015

Gift Taxes and You – A Quick Primer

Posted on:  September 10th, 2015
By:  Diane Morrison

Are you a high wealth individual?  Gifting some of your assets is a proactive way to reduce the size of your estate and perhaps avoid paying estate taxes later.  Here are three things you need to know:

This year, the gift tax exclusion is $14,000.  This means that you can give away up to $14,000 Read More

Last Updated by Diane Morrison September 10, 2015

Three Things You Should Know About Inheriting an IRA

Posted on:  August 27th, 2015
By:  Diane Morrison

So, you’ve inherited an IRA.  First of all we’re very sorry for your loss – someone who must have been close to you has passed away.   But, secondly they thought highly enough of you to leave you some money – good for you.    As with any inheritance, things can be very complex Read More

Last Updated by Diane Morrison August 27, 2015

Making a Donation? Stop. Wait a Minute.

Posted on:  July 30th, 2015
By:  Diane Morrison

It’s tempting. You want to be a good person, and give when asked. But if you take a few moments to do a little homework before making a charitable donation, you can maximize your tax deduction as well as the benefits on the receiving end.
First, the basics – only donations to qualified organizat Read More

Last Updated by Diane Morrison July 30, 2015

It’s _______O’clock. Do You Know Where Your Beneficiary Designations Are?

Posted on:  July 23rd, 2015
By:  Diane Morrison

Most everyone has filled out a beneficiary designation at some point. In fact, most people have several active beneficiary designations at any given time. What many people don’t know, is that these beneficiary designations supersede any instructions you may have outlined in your will. The assets i Read More

Last Updated by Diane Morrison July 23, 2015

Senior Financial Fraud is on the Rise – Help Protect Your Parents

Posted on:  July 9th, 2015
By:  Diane Morrison

Statistics say that 5% of persons over the age of 65 have been the victims of financial fraud. That number, sadly, is most likely entirely too low due to the fact that many victims never report the crimes, either out of fear, embarrassment or resignation over the thought that nothing can be done abo Read More

Last Updated by Diane Morrison July 9, 2015