The Facts on 401(K)s – Roth v. Traditional
December 10, 2009 | 
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The main difference between a Roth 401(k) and a Traditional 401(k) deals with the taxation of contributions and investment earnings. Key features of both plans are highlighted in the table below:
Last Minute Moves for 2009 – Gifting
December 3, 2009 | Subscribe to our RSS Feed
Over the next 2 weeks, we’ll be posting some last minute tips for you for closing out the year. These moves can help you for 2009 and beyond. Stay tuned -
First Time Homebuyer Credit – Some BASIC Info
November 23, 2009 | Subscribe to our RSS Feed
Q. What is the credit?
A. The first-time homebuyer credit is a new tax credit included in the Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest-free loan because it must be repaid over a 15-year period. The credit was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and eliminating the requirement to repay the credit, unless the home ceases to be your principal residence within the 36-month period beginning on the purchase date. It was further expanded in late 2009 to extend deadlines and to allow long-time homeowners buying replacement homes and people with higher incomes to qualify for the credit.
Christine Schmitz Awarded Personal Financial Specialist Credential
November 18, 2009 | Subscribe to our RSS Feed
Glass Jacobson is pleased to announce that our own Christine Schmitz has been awarded the Personal Financial Specialist (PFS) Credential by the American Institute of Certified Public Accountants (AICPA).
A Little Help for College
September 25, 2009 | Subscribe to our RSS Feed
Many parents and college students will be able to offset the cost of college over the next two years under the new American Opportunity Tax Credit. This tax credit is part of the American Recovery and Reinvestment Act of 2009.