Secret 2 to Making Effective New Years Resolutions

Part 2 of 3

How are you doing with starting small on your New Year’s resolutions? Have you adjusted your list yet? Recalibrated any of your goals to start small? I love my new start small goal. My meditation practice is up to 14 minutes and climbing. Remember, small changes are easy changes. Life is meant to be a… Read More

The Best Gift from Gen 1 to Gen 2

The Goering Center

Goering Center NewsletterJanuary 15, 2015by: Mackey McNeill He is 62, the first generation. She is 40, the second generation. They are ready to make the transition from Gen 1 to Gen 2. While the challenges are many, varied and complex, the financial issues that arise in this transfer of wealth provide an underpinning of success… Read More

The Three Secrets to Making Effective New Years Resolutions

Part 1 of 3

For years I made sweeping New Years resolutions. Losing weight was always on the top of list. The rest of the list consisted of a variety of things I wanted to change in my life. The items on the list were bound together like a sailors knot by the “should” word. My resolutions provided an… Read More

Good News for 529 Plan Savers

More Investment Flexibility

Call it a holiday gift. Thanks to legislation passed in December, beginning in 2015, owners of 529 accounts will be able to change the investment options on their existing plan contributions twice per calendar year instead of just once. This increased flexibility is a welcome option for parents and grandparents who use 529 plans to… Read More

New Legislation Extends Popular Tax Provisions

In one of its final actions, the 113th Congress passed the Tax Increase Prevention Act of 2014. This legislation extends for one year a host of popular tax provisions (commonly referred to as “tax extenders”) that had expired at the end of 2013. The President is expected to sign the legislation. All of the following… Read More

Revised One-Rollover-Per-Year Limit Applies in 2015

IRS Clarifies Rules

Background The Internal Revenue Code says that if you receive a distribution from an IRA, you can’t make a tax-free (60-day) rollover into another IRA if you’ve already completed a tax-free rollover within the previous one-year (12-month) period. The long-standing position of the IRS was that this rule applied separately to each IRA someone owns…. Read More

IRS Announces 2015 Standard Mileage Rates

The IRS has announced the optional 2015 standard mileage rates for use in computing the deductible costs of operating a passenger automobile for business, charitable, medical, or moving expense purposes. Effective January 1, 2015, the standard mileage rates are as follows: Business use of auto: 57.5 cents per mile may be deducted if an auto… Read More

Four Questions to Ask Before You Open Your Wallet

Even if you have the best of intentions, it’s easy to overspend. According to a Gallup poll conducted June 9-15, 2014,* 58% of people who had shopped during the previous four weeks said they spent more at the store than they originally intended to. Even if you’re generally comfortable with how much you spend, you… Read More

College Board Releases New College Cost Figures

Background Every year, the College Board releases its Trends in College Pricing and Trends in Student Aid reports that highlight current college costs and trends in financial aid. While costs can vary significantly depending on the region and college, the College Board publishes average cost figures, which are based on its survey of nearly 4,000… Read More