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A Tax To Prepare For
(General/Articles)
Under the new health care legislation that was signed into law this spring, 2013 becomes an important year for many people. Starting in 2013, there will be a new 3.8% Medicare tax on unearned income (IRC ...
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Increase Your Social Security Income
(General/Articles)
The recent volatility in the market has caused a few clients to ask if there is anything we can do to make sure their income is not threatened. They probably are thinking about their investments, but ...
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Health Care Reform Provisions Affecting Older Adults
(General/Articles)
... percent discount on brand-name drugs and biologics filled in the Medicare Part D coverage gap (doughnut hole) for enrollees with incomes below $85,000 per individual and $170,000 per couple;* Eliminate ...
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Good Financial Plans Need Slush Funds
(General/Articles)
... if new assets come in like the sale of a piece of property/other appreciated assets, newly earned income or an inheritance. The third rule is the hardest – you have to enjoy the slush fund. Enjoyment ...
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Take Control of College Costs
(General/Articles)
... budgeting process paying for college will likely involve a combination of lower purchasing costs (college choice, time to completion) and increased revenues (income, savings, financial aid). Recognizing ...
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Medicare - Here's the 411
(General/Articles)
... Part A is for most individuals free, as it has been paid for through payroll taxes. Part B is optional and the cost is tiered by level of income. The average monthly cost for Part B in 2009 was $96.40. ...
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What's Ahead?...Spring and Echo Boomers
(General/Articles)
... index to 208. The index is the relationship between the median family income and the cost of the median priced home at today's interest rates, assuming a 20% down payment. The Twin Cities' December affordability ...
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Heads I Win, Tails You Lose
(General/Articles)
... the exception. As many know the 2010 rules allow everyone, no matter their income, the opportunity to convert Traditional IRA assets to Roth IRA assets; pay the tax now and the assets grow tax-free forever. ...
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Services
(General/Services)
... Services Financial Planning Wealth Management Fixed Income Investing Tax Planning Ongoing Services ...
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Fixed Income Investing
(General/Services)
We believe that every portfolio benefits from a fixed income allocation, no matter what the investor’s age. Fixed income has a moderating effect in a down market. For those who need it, it can provide ...
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Wealth Management
(General/Services)
Boeckermann, Grafstrom & Mayer Wealth Management constructs portfolios that are diversified between equities, fixed income and cash. We encourage each client to have at least a small portion of his ...
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Financial Planning
(General/Services)
... recommendations. Our customized approach will address any or all of the following issues: net worth calculation cash flow analysis risk management retirement planning income tax planning ...
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2009 Market Takeaways
(General/Articles)
... strategy in the middle of a bear market is exactly the wrong time. Building an ark in good times (i.e. cash and five-year bond ladders so you have the income you need when equities are not performing ...
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Your Children Will Thank You
(General/Articles)
... past, when a non-spouse was named as a beneficiary, they had to take the money, at most, over five years. This would cause large tax bills in those years since it made taxable income higher. Now, however, ...
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And Now, In With The New (Tax Laws)
(General/Articles)
... note on this – you still might want to take a distribution if you can do so in a lower tax bracket, particularly if your other income this year is lower. One of the neatest tax issues that congress gave ...
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Control What You Can in This Market
(General/Articles)
... Emergency Economic Stabilization Act of 2008, congress extended this popular law through 2009. Instead of taking required minimum distributions (RMDs) as taxable income, you can send those RMDs to your ...
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The Feel of This Market
(General/Articles)
... like this, discipline is the key. If you have a long-term strategy for your portfolio where there is enough cash and bonds to protect your income needs for the next few years, waiting this out will give ...
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Enough Annuities Already!
(General/Articles)
... rate) with a twist. Retirement income is becoming a big topic as more baby boomers decide it is time to move on to the next phase of life. Since many of these baby boomers might not have saved enough ...
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When To Take Social Security
(General/Articles)
... Administration provides a calculator to help in this - http://www.ssa.gov/OACT/quickcalc/when2retire.html. Of course another reason to take benefits earlier is the need for more income. But there is ...
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Tax Control In Retirement
(General/Articles)
... do not even need the income. The reason we show this chart is to point out that often you can get money out of an IRA (or 401(k) for that matter) at your current – usually lower – tax bracket as opposed ...