Tag Archives: AT&T 401K

Recharacterizing IRA Contributions and Roth Conversions

Qualified distributions from Roth IRAs are free from income tax at the federal level. If you convert your traditional individual retirement account (IRA), simplified employee pension (SEP) IRA, or SIMPLE IRA to a Roth IRA, therefore, federal income tax is … Continue reading

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First-Time Homebuyer Tax Credit

Introduction The first-time homebuyer tax credit was originally established by the Housing and Economic Recovery Act of 2008. The credit was subsequently extended and modified by the American Recovery and Reinvestment Act of 2009 and the Worker, Homeownership, and Business … Continue reading

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Home Mortgage Interest Deductions

What is a home mortgage interest deduction? If you itemize deductions, you can generally deduct “qualified residence interest” you pay on certain home mortgages taken in connection with your primary residence and a second residence. (You cannot deduct mortgage interest … Continue reading

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Strategies for Cash Alternatives

Introduction Cash alternatives, often used to fund a cash reserve, can be a useful financial tool for investors because they provide a low-risk place to hold money until it is needed for a future purpose. Convenience is the principal benefit of … Continue reading

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Traditional Pension Plans

In general If you participate in a traditional pension plan at work (technically known as a qualified defined benefit plan), you’ll generally be entitled to receive monthly benefits from the plan after you retire. These benefits are usually based on your … Continue reading

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Investment Tax Planning

Introduction Investment planning can be important for several reasons. However, any discussion of investment planning is incomplete without a thorough understanding of the applicable income tax ramifications. Tax planning can help you reduce the tax cost of your investments. Once … Continue reading

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Market Week: March 19, 2012

Market Week: March 19, 2012 The Markets Between the relative calm over Greece, the Fed’s stand-pat stance, and a tiny bit of easing on the oil front, investors felt comfortable fleeing the low yields of U.S. Treasuries. That sent yields … Continue reading

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Weekly Economic Update March 19, 2012

John Jastremski Presents: Weekly Economic Update March 19, 2012 PRICES RISE MOST IN TEN MONTHS Consumer prices were up 0.4% in February according to the Commerce Department, yet core inflation rose only 0.1%. A 6% jump in gasoline prices represented … Continue reading

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Managing Expenses During the College Years

Introduction For most parents, paying for a child’s college or graduate school education is a major event. For some parents, it rivals only the purchase of a home in number of dollars spent. As the cost of college continues to … Continue reading

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WEEKLY ECONOMIC UPDATE March 12th 2012

John Jastremski Presents: WEEKLY ECONOMIC UPDATE March 12th 2012 227,000 NEW JOBS, BUT JOBLESS RATE STILL AT 8.3% While unemployment levels remained unchanged in February, Labor Department data showed that nonfarm payrolls expanded by more than 200,000 positions for the … Continue reading

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