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I hope you are doing well. I have some thoughts for you today that may be a little bit of a mental (or emotional) stretch. You see, when I write about financial principles in these Notes that I post, I do so recognizing that my clients come from a wide variety of different attitudes, circumstances […]

A yearend tax strategy for lower income taxpayers. For taxpayers in the 10% and 15% tax brackets (below $36,900 taxable income if single; $73,800 taxable income if married filing a joint return for 2014), the tax rate on long-term capital gains is 0%. If this is your situation, it may pay to “reset” your tax […]

By Barry C. Picker, CPA/PFS, CFP Question: I hear from some people that I should never borrow money from my 401(k) plan, because the money in the plan ends up being double taxed. Is this accurate?   Answer: In a word, no. But before I explain why, let me first emphasize that 401(k) loans are not ideal, […]