Monthly Economic Update for November

    MONTHLY ECONOMIC UPDATE     MONTHLY QUOTE “The family you come from isn’t as important as the family you’re going to have.”  – Ring Lardner     MONTHLY TIP Do you need several credit cards? Maybe not, especially if you don’t use some of them. Unused credit cards can negatively affect you if you apply for a mortgage or personal …

THE LATEST ON SOCIAL SECURITY

Benefits increase for 2012. Ideas for reform are numerous.  Social Security gets its first COLA since 2009. As moderate inflation has made a comeback, the federal government has decided to boost Social Security benefits by 3.6% for 2012. This means an average increase of $39 per month for 55 million Social Security recipients ($467 for all of 2012). Also, more …

IRA MISSTEPS

A lack of knowledge can lead to problems & disappointments for your heirs. Presented by Reeve Conover Be vigilant, and be knowledgeable. Do you want to hand your heirs big tax problems? Would you like to hand the IRS a sizable chunk of your wealth? Of course not. But if you misunderstand the rules when it comes to inherited IRAs, …

Lipitor for $4?

Yes, thats correct.  Lipitor will be going off copyright shortly, and you can get a $4 Copay card from PFizer instead of going to the generic brand: http://www.internetdrugcoupons.com/Lipitor-Coupon   They also have coupons on this site for many other medications.    

Weekly Economic Update for October 24 2011

  WEEKLY ECONOMIC UPDATE     WEEKLY QUOTE “Jealousy is the tribute mediocrity pays to genius.” – Fulton J. Sheen     WEEKLY TIP Many small business owners don’t have succession plans. If you haven’t created one, now is as good a time as any to start; this will not only enable continuity, but also address possible gift, income and estate tax …

Most Retirees Will Not See Full COLA in 2012 Social Security Checks

October 19, 2011 By Warren S. Hersch The Bureau of Labor Statistics has unveiled a  3.6% cost of living adjustment for Social Security recipients, but most retirees will not see the full benefit increase in 2012. The Bureau of Labor Statistics, Washington, D.C.,says this is due to the expected increase in Medicare Part B premiums, which are deducted from recipients’ Social …

Weekly Economic Update October 17, 2011

WEEKLY ECONOMIC UPDATE       WEEKLY QUOTE “There is nothing in a caterpillar that tells you it’s going to be a butterfly.” – Buckminster Fuller WEEKLY TIP Self-employed? Have your accountant look at your balance sheet and profit-and-loss statement before 2011 ends. Some tax-saving strategies may come to mind, and an up-to-date set of books means less work for your tax …

Quarterly Economic Update

QUARTERLY ECONOMIC UPDATE     QUOTE OF THE QUARTER   “Action is a great restorer and builder of confidence. Inaction is not only the result, but the cause, of fear.” – Norman Vincent Peale QUARTERLY TIP   When companies offer health insurance benefits to domestic partners, they are often taxable. A cost-benefit analysis can be illuminating and show if such benefits …

Health Insurance Increases

According to a sidebar in  “The Week,”  “Family Health Insurance premiums jumped by an average of 9 percent this year, to an average cost of $15,073 – double the cost of health-care coverage in 2001…”

Monthly Economic Update, October 2011

Reeve Conover Presents:   MONTHLY ECONOMIC UPDATE     MONTHLY QUOTE “It takes a long time to grow an old friend.”  – John Leonard     MONTHLY TIP Think about setting up a system for 2012 to record your allowable income tax deductions and credits. Too many people spend too many hours trying to figure out deductions and credits in April.   …