ljacob

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So far ljacob has created 18 blog entries.

Get More Back on Your Individual Tax Return

Understanding Your Federal Tax Return Forms and Deduction Options When it comes to Federal Individual Income Tax Returns, there are several forms to choose from, and you must choose the form that corresponds with your specific situation. Types of Federal Individual Income Tax Returns Form 1040 (U.S. Individual Income Tax Return) Form 1040A (U.S. Individual [...]

By | 2017-01-13T23:40:36+00:00 February 10th, 2016|Blog|0 Comments

Calculating the Financial Impact of Working Longer

By Elaine Floyd, CFP® Economic and market pressures have forced many baby boomers to rethink their retirement schedule. A recent study can help you step near-term retirees through the recalculation process by quantifying their possible Social Security benefits, asset allocation, and income needs to arrive at a Plan B retirement date. "How much longer do [...]

By | 2017-01-08T20:04:56+00:00 July 20th, 2015|Blog|0 Comments

What’s the Difference? Life Insurance Vs. Roth IRA

Leaving a Legacy with Roth IRAs and Life Insurance Life insurance and Roth IRAs have a basic structure in common. They are both wealth transfer tools that help facilitate an effi cient transfer of assets from one generation to the next, and they both can provide a tax-free legacy. Despite their many similarities, Roth IRAs [...]

By | 2017-01-08T20:02:51+00:00 June 17th, 2015|Blog|0 Comments

Roth IRAs, Life Insurance Both Important to Retirement

Despite their many similarities, Roth IRAs and life insurance are very different, and the rules that apply to one don’t always apply to the other. Leaving a Legacy with Roth IRAs and Life Insurance Life insurance and Roth IRAs have a basic structure in common. They are both wealth transfer tools that help facilitate an [...]

By | 2017-01-08T20:29:37+00:00 June 3rd, 2015|Blog|0 Comments

Six 2015 Retirement Tax Rules You Must Know

Six 2015 Retirement Tax Rules You Must Know Once-per-year IRA rollover rules. The tax court ruled in the Bobrow case (January 28, 2014) that the once-per-year IRA rollover limit applies to ALL of a person’s IRAs and not to each IRA separately, as was the case in the past. IRS Announcement 2014-32 (effective January 1, [...]

By | 2017-01-08T20:49:38+00:00 May 22nd, 2015|Blog|0 Comments

Who Will Retire First: Staggered Retirements Work for Couples

Couples should consider issues such as IRA withdrawals, Social Security payments, and health care costs when planning out retirement dates, and staggering your retirements may benefit you financially — here's how. By Peter McDougall In this age of dual-income families, chances are you and your spouse won't retire at the same time. You may be [...]

By | 2017-01-08T20:54:29+00:00 May 8th, 2015|Blog|0 Comments

Preparing for Retirement: Are You Saving Enough?

While its up for debate whether Americans truly are falling behind in their money saving efforts, one thing remains certain: planning for your retirement is important. By Knowledge@Wharton.com Is the gloom and doom over retirement planning legitimate or hype? Wharton experts suggest that the answer varies according to whom you ask and what variables they're [...]

By | 2017-01-08T21:58:32+00:00 April 20th, 2015|Blog|0 Comments