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Tag Archives | Cash Flow Planning

Is It Time to Buy a House? Look Beyond First-Time Homebuyer Tax Credit

I’ve been seeing last-minute real estate ads reminding potential home buyers about the federal first-time homebuyer tax credit that expires at the end of 2009. The credit equals 10% of a home’s purchase price, up to a maximum of $8000. For the right buyers in the right place at the right time, taking advantage of […]

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New IRS Ruling Allows Relief on Unwanted 2009 RMDs

According to IRA guru Ed Slott, IRA Owners and Plan Participants¬†can now put back unwanted RMDs for 2009. RMDs were waived for 2009, but the relief came late in 2008 causing some people to take withdrawals that were not required. This Notice provides retroactive relief for IRA owners and spouse beneficiaries by allowing them to […]

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Budgeting With the 3 Bucket System

Based on my experience as a financial planner and a partner of Atkinsons Chartered Accountants, most Americans have no clue what they should be spending on their lifestyle. The problem is that most of us are not anticipating the “unexpected” expenses like car repairs and medical bills. It’s rare that these are actually unexpected; it’s […]

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