Dec 5, 2019 | Business, Personal Finance, Tax
Canceled Debt – Is It Taxable or Not? If you borrow money and are legally obligated to repay a fixed or determinable amount at a future date, you have a debt. You may be personally liable for a debt or may own a property that is subject to a debt. If your debt is...
Dec 5, 2019 | Business, Business Financial Consulting, Business Health, Personal Finance
By Douglas S. Stanger, Esq. Shareholder of the Firm of Flaster/Greenberg PC and on the Panel of Trustees of the Department of Justice. While bankruptcies are generally down in most areas of the country, not here in Atlantic County. With many closed casinos and eight...
Dec 5, 2019 | Investing, Personal Finance, Uncategorized
There are many core principles that each of us regularly follow throughout our lives. These principles help us navigate through the many decisions we make daily. I have 10 favorite axioms that I follow — and share with my college classes and clients — to make personal...
Dec 5, 2019 | Investing, Personal Finance, Uncategorized
Here are the final five axioms for personal finance. The first five appear here, and can be summarized as: Spend less than you make Planning precedes every activity Systematically monitor your progress Save early and as much as possible Diversify, diversify, diversify...
Dec 5, 2019 | Personal Finance, Social Security, Uncategorized
Finding the right age and correct strategy to claim Social Security retirement benefits can have a substantial impact on a retiree’s financial security. It is essential for CPA personal financial planners to educate clients about the options and run the numbers...
Dec 5, 2019 | Affordable Care Act, News, Personal Finance, Tax, Uncategorized
Change in Tax Rates Beginning in 2013, the American Taxpayer Relief Act of 2012 imposes new higher 39.6% and 20% tax rates on ordinary income and long-term capital gains, respectively. The new top ordinary income tax rate of 39.6% is imposed on taxable income over...
