Blog - North Light Financial Services

Will Giving Decline?

Will Giving Decline? The loss of the charitable tax deduction could hurt non-profits. Charities are wondering if they will lose out on millions this year. The federal tax deduction for charitable contributions has disappeared because of the recent tax reforms. The standard federal income tax deduction is now $12,000 – make that $24,000 for a married couple filing jointly. (The amounts rise to $13,600 for a single taxpayer 65 or older and $26,600 for joint filers 65 and older.) With [...]

By info@northlightfinancialservices.com|2018-04-16T09:33:16-04:00April 16th, 2018|Charitable Giving, Personal Finance|Comments Off

Retirement Plans for Individuals & Business

Retirement Plans for Individuals & Businesses A look at some of the choices. Households are saving too little for the future. According to one new analysis, 41% of Gen Xers and 42% of baby boomers have yet to begin saving for retirement. In a recent financial industry survey, 35% of small business owners said they were planning to use the sale proceeds from their company for a retirement fund, an idea which comes with a flashing question mark.1,2 Do you [...]

By info@northlightfinancialservices.com|2018-04-16T09:27:10-04:00April 5th, 2018|Personal Finance, Retirement, Savings and Investing|Comments Off

Tax Reform 2018

How the Tax Reforms Will Take Effect Some of the impact of the Tax Cuts & Jobs Act will be felt later than January 1. President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change.1 There will be night-and-day change, both figuratively and literally. On January 1, the federal estate tax exemption will double; the standard federal income tax [...]

By info@northlightfinancialservices.com|2018-03-20T13:02:39-04:00March 20th, 2018|Business/Economic News, Income Taxes, Personal Finance|Comments Off

Now 64? Prepare to Sign Up for Medicare

Now 64? Prepare to Sign Up for Medicare. This is the time to arrange lifelong health coverage. Age 64 is the age when you are reminded that you are a baby boomer growing older. Regardless of how young or old you feel at 64, you should make sure to sign up for Medicare. The sign-up period will be here before you know it. In fact, you might already be within it, so act quickly if you are. Medicare gives you [...]

By info@northlightfinancialservices.com|2018-03-12T13:25:40-04:00March 6th, 2018|Health Insurance, Personal Finance|Comments Off

Everyone is Talking About Bitcoin

Everyone Is Talking About Bitcoin But when will the cryptocurrency bubble burst? Investors are excited about bitcoin perhaps too excited. Their fervor is easy to understand. On December 18, bitcoin closed at $17,566. Back on September 22, bitcoin was valued at only $3,603.1 Yes, you read that correctly the price of bitcoin jumped nearly 500% in three months. Thanks to this phenomenon, investors everywhere are asking if they should buy bitcoin or invest portions of their retirement funds [...]

By info@northlightfinancialservices.com|2018-02-26T10:29:27-05:00February 15th, 2018|Business/Economic News|Comments Off