It's summertime and classes are over for college students and high schoolers are wrapping up their exams. Many kids already have jobs for the summer, but if yours doesn’t yet, you might want to consider hiring them yourself. There are many good reasons to hire your child this summer:
Working now is good preparation for the real world
Roth IRAs have become a great vehicle for managing your current and future tax situation. It can also be a helpful estate planning tool. But for many upper-middle income investors, contributing to a Roth IRA is not an option. Once your income exceeds $137,000 (single filers) or $203,000 (married filing jointly), you cannot contribute to a Roth IRA.
Recently we’ve been approached by a few prospective clients who are just about to retire and would like a financial plan. Most have worked hard for years and now want to stop working. They are unsure how many more years they will want or be able to work. They have some money saved but have never really figured out whether they have enough to retire.
"A WHOLE NEW WAY TO LOOK AT PAYING FOR COLLEGE"
Learn how to obtain a college education without incurring 100,000+ in student loans.
Do you have a freshman, sophomore, or junior in high school?
If you are concerned about paying for college and still being able to retire, you must attend this free seminar.
When I entered the investment industry in 1984 Peter Lynch was managing the highly successful Fidelity Magellan Fund. There was no talk among individual investors about excluding certain stocks from their portfolios for social reasons. The overall goal of investing was to maximize shareholder value. In other words, make the most money without regard to social impact.
The Tax Cuts and Job Act of 2017 was one of the biggest changes to the tax law in over 20 years. One of the changes it made in early 2018 was reducing the payroll withholding amounts for employees. That meant a worker would immediately receive bigger tax-home paychecks.
How many of you noticed a bigger paycheck?