Submitted by Salvini Financial Planning on February 9th, 2012
Last weekend while preparing papers for taxes I realized our “Grab It Book” was terribly out of date. These days it’s hard to know if it’s best to keep these most important documents as hardcopies or electronic. I’ve opted to do both. The old fashion binder will come in handy if there is an extended power outage or internet disruption.
Submitted by Salvini Financial Planning on February 8th, 2012
You should be aware that Congress is considering action to limit the ability to “stretch” the tax deferral of retirement plan and IRA money inherited by children and grandchildren. See the article below posted to the Wall Street Journal Washington Wire Blog today.
I will keep you posted as I learn more.
Submitted by Salvini Financial Planning on January 25th, 2012
Last week we received our new homeowners insurance policy and renewal statement.
Why is this worth a blog post?
Because I actually read the policy!
And sure enough, I learned some things about our coverage that I didn’t know.
Submitted by Salvini Financial Planning on July 13th, 2011
Americans are the most generous people and that likely includes you. Though your generosity is probably not motivated by the tax deduction, it would be unfortunate to learn that your gift is not deductible.
If your charity of choice does not maintain proper IRS filings it will loose it’s tax exempt status and you’ll be out a deduction.
Submitted by Salvini Financial Planning on March 9th, 2011
The college application process has been a near full time occupation since I blogged back in October. No matter how responsible your high school senior, I highly recommend a team effort within the family. Too many details and deadlines to keep track of alone on top of academics and extracurriculars.