Taxes, Football and Conflicting Rules

When you play in a sport and follow the rules there is an expectation of a fair game with a winner and loser. If you watched the recent Super Bowl you may have seen two touchdowns by the Philadelphia Eagles that were scored and upheld. The National Football League (NFL) "catch rule" has garnered much consternation as being interpreted differently by officials. Confusing may be an understatement. This rule seems to vex coaches, players, fans and media announcers, causing much head scratching. Whether your team won or lost, this rule is maddening. Those who love the game agree that this rule needs to be carefully reviewed and changed. So, what does this have to do with taxes?

Monday, February 26, 2018/Author: H. William Wolfson/Number of views (628)/Comments (0)/ Article rating: No rating

Maximize This Year While Looking Toward the New Year and New Opportunities

As 2017 ends and 2018 begins, this may be a great time to reevaluate your financial health. For many, 2017 proved to be a financial market bonanza, depending on whether you participated in the financial arena and how your investments were allocated. Prior to year end, there may be time to review profits and losses with the tax implications of selling and netting, or keeping and carrying over into 2018. 

Tuesday, December 19, 2017/Author: H. William Wolfson/Number of views (865)/Comments (0)/ Article rating: No rating

Year End Tax Time Is Here…With New Challenges

Every year, articles are written about tactics to employ and take advantage of before year-end to save on taxes. However, the year 2017 is unique in that tax reform is being proposed right now…and will possibly be passed before the end of the year. The proposed tax plan recently released has a host of changes that, of course, makes some happy and others irate. As characteristic of proposed legislation, the initial release is just that: a starting point for discussion and debate. The final law, if it were to pass, will undergo changes both overtly and covertly via horse-trading in backroom deals and compromise.

Friday, November 17, 2017/Author: H. William Wolfson/Number of views (1855)/Comments (0)/ Article rating: No rating

You’ve Saved It; Now It’s Time to Spend It Wisely

Consider Your Options for Accessing Retirement Funds and Minimizing the Tax Impact

Time can be your nemesis or friend, depending on when you start your journey. The journey is saving for retirement, and research clearly shows the earlier you start the better your chances of having enough money when you need it most. Conservative estimates have shown that a couple, with their anticipated life expectancies, will require more than $260,000 from age 65 on to cover their medical and healthcare-related expenses. Retirement may be a lauded goal, but getting there, keeping and enjoying what you saved, and leaving a legacy involves some effort!
Wednesday, October 04, 2017/Author: H. William Wolfson/Number of views (1176)/Comments (0)/ Article rating: No rating
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