March 16th, 2010
| Planning Your Financial Future |
March 2010 |
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| Hope you survived the “Snowpocalypse 2010”. Two major blizzards back-to-back. However, Spring will be here soon. As we plan for the change of season, don’t forget to plan for your financial future. |
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The First-Time Homebuyer Tax Credit
Recent changes to the first-time homebuyer tax credit mean you might be able to benefit from the credit, even if you’re not actually a first-time homebuyer. To take advantage of the credit, however, you have to act by May 1. |
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Back to Basics: Reviewing Your Budget
Do you ever wonder where your money goes each month? Does it seem like you’ve gotten sidetracked when it comes to reaching your financial goals? If so, you may want to review and perhaps revise your budget. Doing so can help you determine how you’re spending your money, and that might show you what you need to do to get back on track. |
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10 Financial Terms Everyone Should Know
Understanding financial matters can be difficult because of the jargon used. Becoming familiar with these ten financial terms may help make your financial picture clearer. |
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Ask the Experts: How do I unwind my QPRT?
Real estate transferred to a qualified personal residence trust (QPRT) may have experienced less than anticipated appreciation or even depreciation. Consequently, one of the purposes of the QPRT–removing future appreciation from an estate–may go unachieved. Some in this position may be inclined to “unwind” (undo) the QPRT. That, however, may not be the best option. |
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Ask the Experts: My QPRT has terminated. What do I do now?
If the grantor outlives the term of a QPRT, the residence passes to the remainder beneficiaries. At this time, several things need to happen. Here’s a quick checklist. |
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IRS regulations require that I advise you that, unless otherwise specifically noted, any federal tax advice in this communication (including any attachments, enclosures, or other accompanying materials) was not intended or written to be used, and it cannot be used, by any taxpayer for the purposes of avoiding penalties; furthermore, this communication was not intended or written to support the promotion or marketing of any of the transactions or matters it addresses. |
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This entry was posted on Tuesday, March 16th, 2010 at 9:19 am.
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