Company Credit Cards

I was recently quoted in a News & Observer article on how credit cards can be used effectively by small business owners and their employees. While I agree that company credit cards are a useful tool that can provide flexibility…

Lump Sum or Annuity? That is the Question.

The old defined benefit pension plan where your employer has made a pledge to contribute to your retirement in exchange for your hard work and loyalty is going the way of the pay phone.  Or probably a better analogy is…

Social Security Bubble Single

When Should I Take Social Security?

As a financial planning issue, deciding when to begin taking Social Security benefits is unique because of the way the benefits may be taxed. There is a formula that the IRS requires Social Security recipients to use to determine if…

Obamacare and your Tax Return

The Affordable Care Act (aka Obamacare or ACA) will have a limited, if any, impact for most taxpayers.  However, there are several items to be aware of when completing your tax return. 1) Itemized Medical Deduction There has been an…

The Reality of Target-Date Funds

Older workers who are using target-date funds as the primary vehicle for saving in their 401ks are facing a difficult reality. An article in Bloomberg’s Businessweek, titled Target-Date Funds’ Risky Balancing Act, discusses the problem that the current low interest…

Will Holt CFP® quoted in the News & Observer

Financial Symmetry advisor Will Holt, CPA, CFP®, was recently quoted in Raleigh’s News & Observer in an article titled What to Save, and When. Holt was one of a few local financial planners asked to give some general tips on…

IRS Scandal

For an agency used to asking a lot of questions, the IRS is having a lot of trouble coming up with answers about who knew what and when regarding two separate scandals. Already under fire for targeting conservative groups through…

2013 Tax Tips

On January 1st, Congress put together a tax deal that allowed most of the Bush-era tax cuts to remain in place.  This means that most taxpayers will see little change to their income taxes. However, Congress did allow the payroll…

Photo credit: Alan Cleaver

Seven Tax Tips for 2012

Tax planning is an essential part of financial planning. With all of the talk about the fiscal cliff dominating the headlines, it’s important to remember that there’s still some time left before this year’s tax laws expire. Here are a…