Taking care of a special needs child can be very challenging. After juggling medical appointments, educational plans, behavioral assessments, occupational, physical, or speech therapy, parents often have little time or energy to address the financial implications of raising a special needs child. However, the financial implications are huge. One study by the Department of Agriculture suggests that a middle-income family… Read More
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Relief from Student Loan Debt for Maryland Residents
If you live in Maryland and owe student loan debt, Maryland’s Higher Education Commission may provide relief. However, you must act quickly as the deadline to apply is September 15th. The Student Loan Debt Relief Tax Credit went into effect on July 1st 2017. If approved, you may receive up to a $5,000 tax credit. To receive the tax credit, you… Read More
How Will the New Tax Bill Affect Me?
As Republican lawmakers are close to reconciling the House and Senate version of the tax bill, people are wondering how the new bill will affect them. While it is still too early to know exactly what the final version will look like, there will be winners and losers. As it stands now, corporations and some business owners look to benefit… Read More
Maximizing your After-Tax Returns through Asset Location
Many people track their investment returns. They want to know how their accounts are doing, specifically, how much did their accounts grow both in percentage and dollar amounts. While it is good to track investment returns, very few consider their after-tax returns, even though taxes can have a huge impact on the actual return. After all, it is not what… Read More
Don’t Be The Next Victim Of A Cybersecurity Breach: Protect Yourself With These Simple Tips!
Every day we hear about new cybersecurity breaches. Earlier this summer, the WannaCry virus demanded ransom as it infected thousands of business computers worldwide. A month later, a similar virus spread, this time with the purpose of disruption rather than for ransom. Cybersecurity is not just a huge concern for business owners, it affects everyone. However, there are simple steps… Read More
Will The New DOL Rule Impact You?
On June 9th, a major change occurred in the financial services industry. After years of debate and a last-minute delay by the Trump Administration, the Department of Labor’s Fiduciary Rule went into effect. If you are like most people, you are probably wondering what this means to you. When people seek advice from their doctor or their attorney, they expect… Read More