Enhance Today | Enrich Tomorrow
Did you notice the Social Security tax you paid on your return this year? While not all of the benefits are taxable, up to 85% can be. You can see this on the front page of your Form 1040 of your tax return on…
Deciding when to take 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 any of their benefits are subject…
Our recent post on Social Security noted that about one-third of all people claim benefits at age 62. In an age where the future of Social Security is uncertain and the subject of constant political debate, claiming benefits as early…
There are a number of different questions engaged couples need to ask themselves before tying the knot, and most of them can be answered in less time than it takes to say “I do”. As recently engaged couples get caught…
Social Security is one of the largest assets for most retirees, but very few understand its basic rules. About a third of all people claim social security at age 62, but there are many benefits that are left on the…
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…
As you finalize your 2013 federal and state income tax returns you should be aware of the significant changes to North Carolina state taxes in 2014. In July 2013, the state legislature passed a material overhaul to the state tax…
In our recent mailing about the CAPE formula, we discussed how we use this valuation measure in our investment outlook strategy. The graph below (Graph 1) demonstrates that when an asset class is undervalued there are high correlations with stronger…
The Federal Reserve (“Fed”) recently announced in its January 2014 meeting that it will continue to reduce (aka taper) its bond buying from $75 billion to $65 billion per month in 2014. The Fed has seven remaining meetings in 2014…
Financial Symmetry has hired Grayzon Blazek as our newest Data Specialist to support our operations department. Grayson joins the firm after participating in FSI’s financial planning internship program since January 2013. He recently graduated from NC State University with a B.S….
