February 2011 Newsletter

Planning Your Financial Future

Snow!  Snow!  Snow! Ten inches yesterday (depending on where you live), and another potential storm next week.  Oh, well.  It’s winter.  Hope these articles will warm your heart (who am I kidding?).  Enjoy the reading!

1040 Tax Tips
You don’t want to pay more in tax than you have to. That means taking advantage of every deduction and credit that you’re entitled to. You also need to stay on top of changes, and recognize potential opportunities to save

Estate Tax Update
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 dramatically changes the federal transfer tax landscape. The estate and generation-skipping transfer taxes have been reinstated for 2010. For 2010 through 2012, there is an estate tax exemption equivalent amount of $5 million (indexed for inflation in 2012), and the top estate tax rate is 35% 

Retirement Plan and IRA Limits for 2011
Many retirement plan and IRA limits are indexed for inflation each year. Most of the limits for 2011 are unchanged from 2010.

Understanding the math of recovering from losses
The math of recovering from a stock market loss isn’t symmetrical; you have to gain more than you lost to recoup all your losses. 

Are you sabotaging your own portfolio?
Many investors underperform the overall equity markets by buying and selling at the wrong times.


Refer a friend

IRS regulations require that I advise you that, unless otherwise specifically noted, any federal tax advice in this communication (including any attachments, enclosures, or other accompanying materials) was not intended or written to be used, and it cannot be used, by any taxpayer for the purposes of avoiding penalties; furthermore, this communication was not intended or written to support the promotion or marketing of any of the transactions or matters it addresses.


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