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1
Consider Famous Women Financial Advisors as Role Models
2
Adjusting Withholding Saved 44% of the Tax Bill
3
Are Democrats Or Republicans Better For The Stock Market?
4
Financial Planning for Families: Childcare Costs, Part 2
5
Tax Impacts of Early Withdrawals from Your IRA

Consider Famous Women Financial Advisors as Role Models

March is Women’s History Month and in the past we’ve discussed famous historical women in finance like Hetty Green and Abigail Adams who may serve as role models. It is also important to highlight contemporary women who have made their mark in the financial world.

Last year Investopedia published a list of famous female financial advisors and noted, “Although most famous women financial advisors aren’t well known in celebrity circles, their accomplishments are noteworthy.”

You may already know of Suze Orman and Mellody Hobson, the first two women on the Investopedia list, but the other four may be less familiar.…

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Adjusting Withholding Saved 44% of the Tax Bill

adjusting withholdingAdjusting withholding can sometimes produce a surprise.

While preparing a client’s tax return the other day, the result was that he had nearly a $5,000 refund coming. Often when we have a large refund coming we think “Nice! It’s like an unexpected gift!” But as you’ll see below, this is not a gift – it’s actually costing quite a lot in taxes in this particular case.

Naturally, as in most cases like this, I reviewed his income sources and withholding to see if there was anything obvious that we could change for him that would make his withholding more efficient.…

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Are Democrats Or Republicans Better For The Stock Market?

For decades now, politicians have been arguing about which party is better for stock returns.

Leading up to the 2016 Presidential election, the argument was made that the stock market does better with a Democrat President than a Republican President. After the 2016 election and the subsequent stock market appreciation, the argument has been made that Donald Trump as President will be great for U.S. stocks.

Republicans are perceived to be the party of big business. If Democrats can show that electing a Democrat to the White House correlates to better stock returns, they believe that they can negate some …

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Financial Planning for Families: Childcare Costs, Part 2

As discussed last week, sometimes childcare simply costs too much. Based on their earnings, impoverished families can’t pay for someone to care for a child. And middle-class parents find they have little left over or are in debt each month after they have covered housing, transportation, and food costs because daycare fees tipped the scales on the delicate economic balance they had achieved before having children.

So what are parents to do? Many articles we found include examples of two-parent families, while mentioning that single parents struggle even more. In a previous post, we wrote, “Stay-at-home Moms: Prevent

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Tax Impacts of Early Withdrawals from Your IRA

A common situation that we run across is when someone would like to make early withdrawals from an IRA or 401k plan. As you might expect, there is taxation of the money withdrawn in most cases. There can be other taxes, and certain early withdrawals can be tax-free. The nature of the taxation depends on the circumstances around your early withdrawals.

The IRS recently published Tax Tip 2017-09, which lists some important facts about early withdrawals from retirement plans. The complete text of the Tip follows below.

Early Withdrawals from Retirement Plans

Many people find it necessary to take out …

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