Bernanke speech … my observations

Today in Washington, D.C. Fed Chairman Ben Bernanke gave a speech on the economic outlook and macroeconomic policy. Below are my observations from that speech: recovery appears to be strengthening – but not enough to bring the level of job creation necessary recovery is shifting into self-sustaining mode (out of gov’t stimulus mode) housing sector […]

Stimulus Bill

The New York Times has a list of the major provisions in the most recent stimulus bill expected to be passed by the House and Senate on Friday. Here are a few key items: Income Tax credit of $400 for individuals / $800 married couples. Phases out on income over $75,000 for individuals / $150,000 […]

Tax season help

As we enter the busy part of tax season, we receive more and more questions regarding tax forms. Vanguard has put together a helpful article which explains the various tax forms (1099-B, 1099-DIV, 1099-R, 1099-INT) you may receive and their purpose. Vanguard also has an extensive Tax Center FAQ which answers some of the most […]

Taxable-Equivalent Yield

One of the most common decisions investors have to make is whether to hold their money market and bond funds in a taxable or tax-exempt money market accounts. Recently, the Vanguard Group created an easy to use Taxable-Equivalent Yield Calculator to assist investors facing this decision. It requires you to know 2 things: 1) which […]

2007/2008 Tax Year notes

In 2007, the two lowest tax brackets (10% and 15%) incur a 5% tax rate on capital gains and dividends. In 2008, it drops to 0% (yes, zero). The 0% rate extends into 2009 and 2010. The IRA contribution limit increases to $5,000 in 2008. Individuals age 50 or great can make an additional $1,000 […]

Don’t forget about your Telephone Excise Tax Refund

In 2006, all taxpayers are eligible for the Telephone Excise Tax Refund. You can read the IRS information regarding this refund to claim yours.