This Week’s Must Read

In 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns.  So the odds are generally pretty low that your return will be picked for review.  That said, your changes of being audited or otherwise hearing from the IRS escalate depending on various factors. Read the rest of the story. Have questions?...

Congress has periodically looked at the idea of simplifying tax-sheltered savings, but for now investors have to wend their way through a dizzying maze of tax-advantaged investment wrappers

On the Money Podcast

CFG Planner Blog

Posted by Judith Sanborn, CFP®, AIF® When things in your life seem almost too much to handle, when 24 hours in a day are not enough, and when the stock market volatility gets you down, remember the story of the mayonnaise jar and 2 beers.

Posted by Denise Kovach, CFP®, AIF® A reverse mortgage is actually called a Home Equity Conversion Mortgage (HECM) which is government backed. This program enables you to withdraw a portion of your home’s equity. It is a type of home loan that requires no monthly mortgage payments. It does require repayment, plus interest, once you...

Posted by Joe Bert, CFP®, AIF® The “Suitability Standard”, yet another ERISA-based mystery.   Let me endeavor to decipher this term by delving into the often-turgid waters of the fiduciary ocean by asking ourselves if merely meeting the standard of suitability meets the criteria for being a fiduciary. Put another way; is acting suitably a...

Posted by Nancy Hecht, CFP®, AIF® While many taxpayers have payroll deduction retirement plans, it does not necessarily prevent you from making a deductible IRA contribution. If you are married filing a joint return and your adjusted gross income is between $98,000 – $118,000, you can make a partial or completely deductible IRA contribution for...