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10 Year-End Tax Strategies Protect Your Income With These Useful Tax Strategies There are a number of strategies that may protect your income if you take action before December 31.  In addition, by addressing these year-end tax strategies now, you will be one step closer to a long-term strategy that may benefit you in 2015. Get Organized The first step towards putting your tax strategies in place is to organize.  Begin putting together your 2014 information now.  You’ll want to be sure that you have relevant receipts, cancelled checks, income information, contribution acknowledgement letters, investment income forms, settlement statements from the sale or purchase of your home, etc.   There are several great tax preparation checklists available online. Be Aware Of   Healthcare Costs Due to the Affordable Care Act, most Americans are now required to have health insurance.  If you weren’t covered, you will  owe an “indivi...

Top Tips For First-Time Home Buyers The challenge of buying a home for the first time can seem so daunting that it's tempting to either just go with the first house that falls in your price range or continue to rent. To help you demystify the process and get the most out of the purchase, we'll examine what you'll need to consider before you buy, what you can expect from the buying process itself, and some handy tips make life easier after you purchase your first home. Considerations Before You Buy The first thing you'll need to determine is what your long-term goals are and then how home ownership fits in with those plans. It could be that you're simply looking to transform all those "wasted" rent payments into   mortgage   payments that actually give you something tangible. Others see home ownership as a sign of their independence and enjoy the idea of being their own landlord. Narrowing down your big-picture home ownership goals will ...