2017 Sep

How tax reform could hit charitable giving

2018-03-07T17:25:19+00:00

How tax reform could hit charitable giving Plenty of factors can motivate charitable giving: Moral obligation, religious tithing, a desire to improve the world or leave a legacy. But another factor -- the tax benefits for giving -- could soon change if lawmakers push through tax reform. Few people donate simply because of the tax [...]

How tax reform could hit charitable giving 2018-03-07T17:25:19+00:00
2017 Sep

US tax reform hopes become mired in foreign cash piles

2017-09-03T01:17:09+00:00

US tax reform hopes become mired in foreign cash piles Republican attempts to make progress on tax reform after the party's failure on healthcare are being undermined by a lack of consensus on handling US companies' offshore earnings, an issue set to spark fierce lobbying and discord. The White House and Republican lawmakers want to [...]

US tax reform hopes become mired in foreign cash piles 2017-09-03T01:17:09+00:00
2017 Aug

Americans Keep Crushing It with Their 401(k)s

2017-08-07T13:00:39+00:00

Americans Keep Crushing It with Their 401(k)s  The stock market is fueling all-time highs in retirement account balances, with the average IRA breaking into the six figures. It’s happened again: Retirement savings account balances have hit all-time highs. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, according to second-quarter data from Fidelity [...]

Americans Keep Crushing It with Their 401(k)s 2017-08-07T13:00:39+00:00
2017 Jul

The US is losing ground when it comes to retirement security

2017-07-27T04:29:58+00:00

The US is losing ground when it comes to retirement security The U.S. is falling further behind other countries. Norway, Switzerland and Iceland rank highest on a global retirement security index. All your retirement dreams can come true, just maybe not in the U.S. Among the leading nations for retirement security, the United States didn't [...]

The US is losing ground when it comes to retirement security 2017-07-27T04:29:58+00:00
2017 Jul

Retirement: What to do if your defined benefit pension plan is frozen

2017-07-27T04:23:42+00:00

Retirement: What to do if your defined benefit pension plan is frozen If you happen to work for a private-sector employer who provides as a benefit a traditional pension, you might consider putting in place a back-up plan. Yes, in recent weeks, a number of well-known firms including UPS and General Mills have frozen the [...]

Retirement: What to do if your defined benefit pension plan is frozen 2017-07-27T04:23:42+00:00
2017 Jul

Buying Bitcoin to fund retirement? Make sure it fits plans

2017-07-03T16:42:23+00:00

Powell: Buying Bitcoin to fund retirement? Make sure it fits plans Average investors are often accused of buying high and selling low. And that may very well be the case for investors who are jumping on the Bitcoin bandwagon. Bitcoin, a digital currency, has doubled and then some since the start of 2017 (it’s risen [...]

Buying Bitcoin to fund retirement? Make sure it fits plans 2017-07-03T16:42:23+00:00
2017 Jul

America’s Pension Bomb: Illinois Is Just the Start

2017-07-03T16:39:47+00:00

KDK Blog Post - 2 America’s Pension Bomb: Illinois Is Just the Start We’ve been hearing it for years: America’s public pensions are a ticking time bomb. Well, at long last, the state of Illinois is about to expose just how big this blowup could be. As of the 2015 fiscal year, Illinois had promised [...]

America’s Pension Bomb: Illinois Is Just the Start 2017-07-03T16:39:47+00:00
2017 Jul

4 ways to tap your retirement funds earlier than normally allowed

2017-07-03T16:37:01+00:00

4 ways to tap your retirement funds earlier than normally allowed Qualified retirement accounts can offer great tax advantages for people saving for retirement. Those advantages work incredibly well if you use them to save for several decades and then retire at age 59 1/2 or later, but if you need to tap your money [...]

4 ways to tap your retirement funds earlier than normally allowed 2017-07-03T16:37:01+00:00
2017 Jun

Top Six Tips about the Home Office Deduction

2017-06-20T15:48:49+00:00

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either the simplified method or the regular method to claim [...]

Top Six Tips about the Home Office Deduction 2017-06-20T15:48:49+00:00
2017 Jun

Business Use of Car

2017-06-19T23:01:50+00:00

If you use your car in your job or business and you use it only for that purpose, you may deduct its entire cost of operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can [...]

Business Use of Car 2017-06-19T23:01:50+00:00