Knowing when to sell a mutual fund can be complicated, even for savvy investors. Here are 10 indicators it may be time to let go.
IRS Issues Long-Awaited Rules On Gifts And Bequests From Expatriates. The legislative noose aimed at Americans who leave the country to avoid taxes tightened this summer, as the Internal Revenue Service proposed new regulations to tax gifts and bequests that U.S. citizens and residents receive from expatriates. Gift taxes ordinarily are paid by the donor, and gifts from foreigners are subject to U.S. taxes only when they involve property within […]
Sudden wealth seems like the exact opposite of a problem. But for many, an abrupt change for the better in their financial lives can create a host of unexpected pitfalls.
With oil prices recently falling to post-recession lows, not many investors are looking for the best way to get into the energy sector, yet there are some interesting possibilities for those who want to go against the herd.
If you hate talking about your finances, you are not alone. When family relationships are added to the mix, it is hardly surprising that many people are quick to push discussions about financial topics to the bottom of their to-do lists. But a family meeting can provide family members a forum in which to start these difficult conversations.
If you have seen the television show “Shark Tank,” you have probably heard this question: “How do people actually value a professional business?” Many factors go into a valuation, and “Mr. Wonderful” does not always have the right answer.
It’s as true in investment planning as it is in physics: What goes up must come down. For fixed-income investors, though, the more pressing fact is that what has gone down must come up. Interest rates have reached record lows in recent years, and the largest share of the credit goes to the Federal Reserve. Under U.S. monetary policy, the Fed controls the federal funds rate, an important benchmark in […]
Self-employed individuals have to juggle the many responsibilities that come with being their own bosses. Planning for retirement can get lost in the shuffle. Americans have a hard time saving, even when most have ready access to retirement plans at work. In 2013, the National Institute on Retirement Security released a report titled “The Retirement Savings Crisis,” which estimated that about 45 percent of U.S. households had no assets in […]
Flight Attendant’s Argument Doesn’t Fly. A Hong Kong-based flight attendant cannot claim favorable foreign-source tax treatment for income she earns while flying over international waters or U.S. airspace, a federal appeals court ruled. The Internal Revenue Service assessed $3,428 of tax, plus an additional 20 percent “accuracy-related” penalty, against Yen-Ling Rogers and her husband, William Rogers, for 2007. The couple claimed that all of Yen-Ling’s income from United Airlines was […]
In Washington’s current hyper-partisan climate, a law with strong bipartisan support is worthy of notice. Yet one such law, which had the further distinction of creating a new financial planning option for individuals with disabilities and their families, may have flown under your radar as 2014 wound to a close.