Financial Focus - The New Citizens Press

Jill on Money: Reflections on the recent correction

Rina Risper10 years ago07 mins

By Jill Schlesinger

Tribune Content Agency

Time flies when investors are enjoying a bull market. Until the recent correction, it had been four years since the last time the stock market declined by 10 percent.

TAX SOLUTIONS: BECOME IRS AUDIT PROOF

Rina Risper10 years ago05 mins

By A.J. Gross

Do you want your business to be IRS Audit Proof? Follow these 5 tips to insure that you don’t get in trouble with the tax man.

Jill on Money: Get more out of Social Security with ‘file and suspend’

Rina Risper10 years ago06 mins

By Jill Schlesinger

Tribune Content Agency

To qualify for Social Security retirement benefits, you need to have worked at least 10 years. You can check out where you stand with SSA’s easy-to-use online benefits statement, which will provide your estimated monthly payment at your full retirement age (FRA).

TAX SOLUTIONS: Obamacare Tax Credit Trap

Rina Risper10 years ago05 mins

By AJ Gross

You may qualify for a subsidy when applying for Obamacare. The subsidy is considered an advanced payment of the Premium Tax Credit. The amount of subsidy you may qualify for is based on your estimated family income.

Jill on Money: Social Security at 80: A pillar of economic security for Americans

Rina Risper10 years ago06 mins

By Jill Schlesinger

Tribune Content Agency

In August 1935, in the midst of the Great Depression, President Franklin D. Roosevelt signed The Social Security Act, establishing a national plan to provide economic security for the nation’s workers. The program’s 80th anniversary is a good time to review the popular safety net.

TAX SOLUTIONS: IRS is Hacked

Rina Risper10 years ago04 mins

By A.J. Gross

Earlier in the year, the IRS said identity thieves stole tax return information from 114,000 taxpayers. The IRS has since said the number of taxpayers affected was actually 220,000.

Your Other 8 Hours: How to leave your company to your children

Rina Risper10 years ago016 mins

By Robert Pagliarini,

Tribune Content Agency

In my financial planning practice, I work with many clients who own closely held, private, companies. As many are nearing their retirement years, a big focus of our work is planning the exit strategy for their family business. While a lot of the discussion is technical (e.g., how to maximize the value, how can we best minimize tax), a good deal of what we discuss, at least initially, is centered on a discussion regarding if they should transfer it to their children and how.

Coping With College Loans Paying them down, managing their financial impact

Rina Risper10 years ago09 mins

By Jose S. Yanez

Are student loans holding our economy back? Certainly America has recovered from the last recession, but this is an interesting question nonetheless.

TAX SOLUTIONS: Tried Calling the IRS Lately?

Rina Risper10 years ago04 mins

By A.J. Gross, C.P.A., E.A.

If you tried calling the IRS lately, you were likely either on hold for a long time or you were disconnected and told to call back later. You are not alone. Customer service at the IRS has declined significantly over the past year.

Jill on Money: Medicare at 50 years: Popular, but needs bolstering

Rina Risper10 years ago07 mins

By Jill Schlesinger

Tribune Content Agency

This year is the golden anniversary of Medicare, the U.S. government’s sprawling health care initiative, which President Lyndon Johnson signed into law in 1965. Today, Medicare covers more than 55 million people, including 9 million beneficiaries who are under age 65 and permanently disabled.