http://www.boston.com/business/personalfinance/managingyourmoney/ en-us Copyright 2009 Fri, 06 Nov 2009 10:37:59 -0500 Fri, 06 Nov 2009 10:41:59 -0500 http://www.movabletype.org/?v=1.53 http://blogs.law.harvard.edu/tech/rss With 2009 coming to a close, I am now meeting with clients, looking at their projected financial results for the year and considering some ideas to minimize their taxes. All businesses should do some tax planning right now and consider... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/nine_tax_planni.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/nine_tax_planni.html Taxes Fri, 06 Nov 2009 10:37:59 -0500 If you are the parent of a child in high school, be sure to check out the Massachusetts Education Financing Authority (MEFA) website. This site tells you all you need to know about saving for college, applying for financial aid... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/have_a_child_he_1.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/have_a_child_he_1.html Thu, 05 Nov 2009 09:49:17 -0500 If you plan on buying mutual funds before the end of the year you may want to wait until January and avoid some taxable distributions. When you buy a mutual fund any interest, dividends and capital gains earned by the... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/yearend_mutual.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/yearend_mutual.html Wed, 04 Nov 2009 10:41:03 -0500 Congress is currently working on legislation to extent the first-time homebuyer tax credit. In order to be eligible for the current credit, prospective buyers need to purchase and close on a home by Nov. 30. Under the proposed bill, the... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/firsttime_homeb_4.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/11/firsttime_homeb_4.html Taxes Tue, 03 Nov 2009 09:30:00 -0500 I am often asked by my clients where they can learn more about finances and investing. It’s a shame that basic financial planning is not taught in our school system from an early age. Without knowledge about how to make... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/financial_educa.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/financial_educa.html Fri, 30 Oct 2009 10:00:29 -0500 Are funds in my 401(k) plan protected from creditors if I file personal bankruptcy? Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (a.k.a. the Bankruptcy Reform Act) tax-exempt retirement plan accounts (including qualified plans, traditional IRAs, Roth... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/creditor_protec.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/creditor_protec.html Debt Thu, 29 Oct 2009 10:40:00 -0500 Not too long ago, a friend of mine was in the process of starting his own business. His idea was sound, but he needed to raise some money to help get the venture off the ground. Raising money from investors... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/creating_a_busi.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/creating_a_busi.html Wed, 28 Oct 2009 10:37:03 -0500 We all know that the first time homebuyer credit has been very popular -- but so popular that a four year old would use it? A recent Wall Street Journal article reported that the Treasury Department had found at least... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/4_year_old_home.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/4_year_old_home.html Tue, 27 Oct 2009 10:11:26 -0500 If you are considering making charitable contributions before the year ends, you may be able to use IRA money. The IRS allows individuals over age 70 1/2 (those subject to the Required Minimum Distribution rules) to transfer money directly from... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/charitable_cont.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/charitable_cont.html Mon, 26 Oct 2009 10:11:06 -0500 With the first time home buyers credit set to expire shortly, we are seeing more questions about how to tap Individual Retirement Accounts (IRAs) to help make a downpayment. Here is a quick review of the rules: You (and also... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/tapping_iras_fo_1.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/tapping_iras_fo_1.html Fri, 23 Oct 2009 10:03:42 -0500 What is the deal with the plan I heard about for a "cash for clunker-appliances" scheme? Is it or is it not for real, and being implemented as part of the Mass income tax filings? In mid-July the U.S. Department... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/cash_for_clunke_1.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/cash_for_clunke_1.html Smart spending Wed, 21 Oct 2009 16:30:00 -0500 President Obama announced in September several initiatives to help and encourage Americans to save for retirement, including the ability for employers to let workers transfer the value of unused sick time and vacation time to their company retirement plan. What... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/banking_unused.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/banking_unused.html Tue, 20 Oct 2009 10:29:29 -0500 When planning your retirement, don't forget that in many instances, your Social Security benefits will be taxed. This year, about one in three people receiving Social Security payments faces taxation on those payments. A decade from now, almost half of... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/taxation_of_you_1.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/taxation_of_you_1.html Mon, 19 Oct 2009 10:14:39 -0500 My wife and I are in the process of starting our own consulting business. What is the appropriate tax treatment for the expenses that we incur to start the business? Expenses that you incur from the genesis of your business... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/business_startu.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/business_startu.html Taxes Fri, 16 Oct 2009 09:33:07 -0500 As expected for some time now, the Social Security Administration (SSA) recently confirmed on their web site that there will not be an automatic cost-of-living-adjustment (COLA) for those who receive monthly Social Security and Supplemental Security Income benefits in 2010.... http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/no_social_secur.html http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/10/no_social_secur.html Retirement Thu, 15 Oct 2009 18:00:00 -0500