Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Archive for January, 2013

Tax & Investment Plannig

This is the second installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

Tax planning, along with investment planning, has been turned upside down as 2012 comes to an end. What is a taxpayer to do? If your modified adjusted income is below $250,000 (for joint filers) or below $200,000 (for singles), then no changes in your investment planning are needed. You can proceed as you have in the past.

However if your modified adjusted income is above those thresholds, you will need to…

Read the rest of this entry »

Common Tax Provisions Set to Expire

This is the first installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

Did you know ten of the most common tax provisions were set to expire at the end of 2012?

1. Current tax rates – The current tax rates of 10%/15%/25%/28%/33%/35% will increase to 15%/28%/31%/36%/39.6% with the 10% rate disappearing.

2. Social Security – The lower 4.2% social security rate (employee only) will revert back to 6.2% as of 1/1/2013. Read the rest of this entry »