Recent Blog Posts
Keep Calm and Buy Stocks
Some of you may be alarmed by news of the down market, but it’s time to take a breath and not panic. So what is going on? The Dow Jones Industrial Average (Dow) is officially in a correction, which is defined as a 10 percent decline from its peak. You may recall from our meetings… Read More »
Reminder: Check Your Credit Report
We at ACap encourage all of our clients to check their credit reports annually in order to identify any potential problems or even identity theft. The nationwide credit reporting companies (Equifax, Experian, and TransUnion) are required by The Fair Credit Reporting Act to provide you with a FREE copy of your credit report once… Read More »
Don’t Be a Victim of Credit Card Fraud
written by Matthew Crisafulli, EA Just because your credit card is in your possession doesn’t mean it can’t still be stolen. I recently checked my accounts on Mint.com and noticed a $65 fraudulent credit card charge to a store that sells clothing for teenage girls. My daughter is 9 months old and doesn’t quite have… Read More »
Implications of Monday’s Market Decline
Stock markets closed sharply lower on Monday. While many investors scramble to manage losses, those with a solid financial plan and a diversified portfolio need not worry. Monday’s market declines highlight the reality that markets do fluctuate and thus, the importance of a strategic financial plan. Short-term market news should not dictate long-term investment… Read More »
I have already maxed out my Roth IRA, and my job does not offer 401K.
Where else should I invest in for my retirement? Can I invest in traditional IRA after I maxed out Roth IRA? by Matthew Crisafulli This is the answer to a question originally posted on nerdwallet.com If you have already maxed out your Roth IRA for the year, you CANNOT contribute to a traditional IRA… Read More »
My mother wants to gift me money. How much can I receive tax free?
by Matthew Crisafulli This post was the answer to a question originally posted on nerdwallet.com. Short answer: $14,000/year and no gift tax return would be required. The “total gift” depends on a lot of factors, such as the decisions of congress and prior gifts your mom may have made. Long answer: Technically she can give you… Read More »