TMTW #404 Investing 101- Part 2 of 3

Tax and Money Tip this Week:
Investing 101 Part 2 of 3
October 10, 2018 | No. 404

This week we continue our series on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Here are some thoughts to consider for investing today, that our parents may not have taught us:

  1. Always limit your losses on any stock or mutual fund to 7-8%; frequently, you can limit your losses sooner.  Let your gains run.
  2. Know when its time to sell a stock or mutual fund.
  3. In today’s market, know how to be agile and nimble when necessary.
  4. ALWAYS protect your capital.

More on investing next week.

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #403 Investing 101-Part 1 of 3

Tax and Money Tip this Week:
Investing 101 Part 1 of 3
October 3, 2018 | No. 403

This week we will start a series on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Here are some thoughts to consider for investing today, that our parents may not have taught us:

1)  It’s OK not to play.
Point:  You do NOT have to be invested all the time.

2)  Have a goal and an exit plan in mind.

3)  Never fall in love with any stock.

More on investing next week

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.Questions or Comments?

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #402 October 15th Deadline Fast Approaching

Tax and Money Tip this Week:
October 15th Deadline Fast Approaching
September 26, 2018 | No. 402

Final Filing Deadline Reminder

If you need to file a Form 1040 (individual return), the deadline to file is October 15, 2018.  This assumes you had filed for an extension prior to April 17, 2018.  You also have until October 15, 2018 to fund a SEP-IRA for tax year 2017.

As a reminder, putting your tax returns on extension can be a good thing – but penalties to miss the extension deadline can be steep, up to 25% penalty of taxes owed, so make sure that you make the October 15th deadline.

Give us a call if you need help meeting your deadline.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

 

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TMTW #401 How Big an Emergency Fund Do You Need?

Tax and Money Tip this Week:
How Big an Emergency Fund Do You Need?
September 19th, 2018 | No. 401

Click Here to read an article about Emergency Funds
from an article in Bottom Line Personal.


 

 

 

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

 

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TMTW #400 Insurance Tip – Accident Forgiveness Rider

Tax and Money Tip this Week:
Insurance Tip- Accident Forgiveness
September 12th, 2018 | No. 400

I’d like to share a relatively new addition to some insurance companies auto policies:  The Accident Forgiveness and/or Violation/Ticket Forgiveness Rider.  If you have this on your auto policy, it could save you hundreds or thousands of dollars! (it costs me very little)

Here’s how it works:
If you have this rider on your policy and you or someone in your family has an accident or ticket, your insurance company will “forgive” you one time and not increase your rates.  Some insurance companies have an accident forgiveness rider only and not ticket forgiveness, so be sure to ask questions and understand the details of what you are buying.

Call and ask your auto insurance agent or insurance company if they offer this insurance rider that could save you thousands.

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #399 Don’t Miss the October 15th Deadline

Tax and Money Tip this Week:
Don’t Miss the October 15th Deadline
September 5, 2018 | No. 399

Final Filing Deadline Reminder

If you need to file a Form 1040 (individual return), the deadline to file is October 15, 2018.  This assumes you had filed for an extension prior to April 17, 2018.  You also have until October 15, 2018 to fund a SEP-IRA for tax year 2017.

As a reminder, putting your tax returns on extension can be a good thing – but penalties to miss the extension deadline can be steep, up to 25% penalty of taxes owed, so make sure that you make the October 15th deadline.

Give us a call if you need help meeting your deadline.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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TMTW #398 Happy Labor Day

Tax and Money Tip this Week:
Happy Labor Day
August 29, 2018 | No. 398

Wishing you and your family a safe and happy Labor Day

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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