Monthly Archives: March 2012
Morningstar article on dependent-care FSA vs tax credit
A must-read from Morningstar for anyone with kids in daycare, with a nanny, etc. http://news.morningstar.com/articlenet/article.aspx?id=539497 In particular, there are some great examples of how much less is going to be paid in taxes one way vs. the other. The dependent care FSA lets one put away money (through one’s employer, only) on a pre-tax basis […]
Zvi Bodie, TIPs, Zero-Cost Collars and Equity Risks
Major piece in today’s Wall Street Journal, “Why Stocks are Riskier Than You Think” by Zvi Bodie and Rachelle Taqqu http://online.wsj.com/article/SB10001424052970204795304577221052377253224.html?mod=googlenews_wsj (Of course, Bodie and Taqqu are also hoping that this article will lead a lot of people to buy their recent book, “Risk Less and Prosper”. Bodie and Taqqu’s own retirement plan likely hinges […]
IRS: Standard Deduction vs. Itemizing – Seven Facts to Help You Choose
http://content.govdelivery.com/bulletins/gd/USIRS-31e552?reqfrom=share Worth reading the article linked to above. When working with folks on their taxes, the question of itemizing vs. taking the standard deduction comes up very frequently. The short story is that you should do whichever allows you to pay less in taxes. Your standard deduction (if you are allowed to take it) effectively […]
Meyers Wealth Management 