Category Archives: Children

Cosigning a loan can hurt financially and emotionally

Cosigning a loan for a friend or family member may seem like a good way to help your loved one establish credit or get back on track financially. But be sure to use your head as well as your heart … Continue reading

Posted in Children, education, Filing Taxes, Financial Planning, Gift, Tax, tax advice, tax planning, Tax Return, Uncategorized | Tagged , | Leave a comment

A tax credit is available for adoption

If you are preparing to adopt a child, you know your life will change for the better. And, you may have also experienced the financial commitment adoption requires. However, take note, because as an adoptive parent, you may qualify for … Continue reading

Posted in Affordable Care Act, Amended Tax Return, charities, charity, Children, deductions, Filing Taxes, record keeping, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment

Teach your kids that credit cards are useful but not free

While credit cards can be very useful financial tools, the borrowed money is not “free.” Here are two opportunities to share that lesson with your kids. When choosing a card. Show your kids the entire credit card lifecycle. Explain that … Continue reading

Posted in Children, Debit and Credit Cards, guide, sales, save money, saving money, Uncategorized | Tagged , , , , | Leave a comment

Use this annual exclusion by December 31

Under current federal tax law, in 2016, you can take advantage of an annual exclusion to give up to $14,000 to as many individuals as you want without paying gift tax. If you’re married and your spouse joins in the … Continue reading

Posted in charity, Children, Christmas, donate, Financial Planning, Gift, tax advice, Uncategorized | Tagged , , , , | Leave a comment

Teach your children this vital skill

  Financial literacy is a vital skill in today’s world. Will your children be able to handle their finances when they became adults? Here are tips to help ensure the answer is yes. Read more. Financial literacy is a vital … Continue reading

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