Recent Blog Posts
Flower Lei? No Way!
by Matthew Crisafulli, EA It’s graduation season! For all of us who are celebrating the accomplishments of our loved ones, it’s easy to get overwhelmed with the emotions of the occasion and overspend on graduation parties, gifts, or other mementos. When I graduated from high school and college, it seemed like every other… Read More »
What do pizza and investing have in common?
Are you a bit unsure of what it truly means to own shares in a company? You’re not alone. Recently, my 8 year old son explained to his little brother the basics of investing and what it means to own shares in a company. Click on the audio file to listen to his simple… Read More »
There’s Still Time to Contribute to an IRA
Despite what the calendar shows, 2014 is not over yet. Whether you have a Roth, Traditional, or SEP IRA, you still have time make a contribution count towards 2014. In order to capitalize on a 2014 contribution, you must open an account (if you don’t already have one) and make a contribution before the… Read More »
Can I transfer a Direct PLUS loan to my child after he/she graduates?
A Direct PLUS loan is usually taken out by the parent to pay for his/her child’s college education. The child must still complete the FAFSA (Free Application for Federal Student Aid), but it is the parent who is ultimately responsible for the loan. The interest rate on Direct PLUS loans depends on the date… Read More »
How often can I make changes in my 401k?
Generally, you can make changes in your 401k plan as often as you want; I use the word generally because employers can impose their own restrictions to prevent employees from trading in their 401k plans. ACap strongly advises against actively trading in your 401k or try to time the markets. Rather, rebalance your portfolio… Read More »
Are My Student Loans Tax Deductible?
Student loans can be a heavy burden on many taxpayers. Luckily, the IRS allows you to deduct a portion of student loan interest which is taken as an adjustment to income. This means you can claim the deduction even if you do not itemize deductions (file Schedule A on your 1040). Unfortunately, the IRS… Read More »