posts by Mark - 20/80 - Beacon Hill Investment Advisory, LLC

Key Retirement and Tax Numbers for 2017

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Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans, thresholds for deductions and credits, and standard deduction and personal exemption amounts. Here are a few of the key adjustments for 2017.  Retirement plans Employees who participate in 401(k), 403(b), and most 457 plans can defer up to $18,000 …

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What It Means to Be a Financial Caregiver for Your Parents

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If you are the adult child of aging parents, you may find yourself in the position of someday having to assist them with handling their finances. Whether that time is in the near future or sometime further down the road, there are some steps you can take now to make the process a bit easier. …

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Balanced Funds: Seeking Growth and Stability

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Since 2001, investment in balanced mutual funds, which hold a mix of stocks and bonds, has grown every year except in 2008, the heart of the recession, and in 2015 when a stagnant market led some investors to look for more aggressive growth opportunities. During the same period, investment in equity and bond funds has …

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DOL Fiduciary Rule on the Chopping Block

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Fiduciary advocates are urging the incoming Trump administration to spare the Labor Department’s fiduciary rule, as government lawyers press a Washington judge not to put on hold his recent ruling that upheld the merits of the regulations. As speculation intensifies that the fiduciary rule could be on the chopping block or significantly curtailed under President Donald Trump and a …

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Tax Credits and Deductions for College

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College students and their parents need all the help they can get to pay for college. Here are four college-related federal tax benefits that might help put a few more dollars back in your pocket when you file your 2016 tax return. American Opportunity credit The American Opportunity Tax Credit is worth up to $2,500 …

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