April 2010 Newsletter
Sunday, 28 March 2010 19:29
James Carroll
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Planning Your Financial Future
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April 2010
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We had a few warm days, but the cold has not left us just yet. As we head toward the end of tax season, it is time to plan for next year's taxes. Building a base for organizing your tax documents now will ease the pressure of getting everything together at the last second.
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The Sandwich Generation: The Pickle in the Middle
If you're helping your parents and trying to meet your own children's needs while looking ahead to your own retirement, you're part of what's called "the sandwich generation." Here's a recipe to help you cope with being jammed in the middle.
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Understanding Mutual Fund Expense Ratios
Every mutual fund must disclose certain costs associated with running the fund. Those costs represent a fund's expense ratio, which is expressed as a percentage of a fund's assets. Each mutual fund's prospectus must include a table in the front that you can use to compare the expenses of various funds. The table lists the fund's expense ratio as well as a breakdown of the costs included in it, which fall into three general areas: management fees, marketing costs, and administrative fees.
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Tax Benefits of Conservation Easements
A conservation easement is an encumbrance on privately held real estate that prohibits the development of that property in perpetuity. The landowner enters into an agreement with the easement holder--either a qualified charitable organization or a government agency. The agreement imposes specific restrictions on the use of the property, and it remains legally binding even when the property is subsequently passed on to heirs or sold to another private owner.
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