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Recent Renewal Logs
5-8-2012 5:56:00 PM
Criminals who file fraudulent tax returns by stealing people's identities could rake in an estimated $26 billion over the next five years because the IRS cannot keep up with the amount of the fraud, Treasury Inspector General J. Russell George said Tuesday.
12-17-2017 2:44:09 PM
Republicans said their plan would make taxes easy to prepare, and indeed the final bill gets points for some simplification. But the whole story, like the tax code, is more complex.
12-17-2017 11:17:23 AM
Homeowners would be able to deduct interest on the first $750,000 of a new mortgage under the final tax bill -- down from the current $1 million threshold.
There are two types of insurance, term and whole (permanent). Term insurance is generally the least expensive and
least complicated type of life insurance. It provides insurance protection at a low cost for a specified period of
time. Whole, or permanent life insurance, is usually an appropriate way for people to meet long-term needs. Over
time, it may be the least expensive form of life insurance since premiums are fixed and it builds value. Plus,
this cash value accumulates on a tax-deferred basis and it can also be borrowed against in case of financial
The answer to each of these questions should be “Yes.” If you have any “No” answers, do something about it today! If your only policy is provider by your employer, you should consider purchasing a personal policy because coverage often ends when you leave that job. If you have policies which were acquired several years ago, you may want to review them to see if an increase in benefits is warranted. For example, your five year old burial policy may be valued at $3,000 while the average cost for a traditional funeral today is between $8,000 and $10,000. Or, you may have allotted $20,000 for college costs when your daughter was born ten years ago. Unfortunately, the current average tuition for a public college or university is more than $12,000 per year and is almost $30,000 per year at private schools.