John Gay, CFP®
John Gay, CFP®
Frisco Financial Planning

FFP Newsletter Mar. 2018

All content is for informational purposes only, not legal, financial, or tax advice.

How to retrieve your important tax documents

Most brokerage firms, including Folio Investing, have now produced the necessary tax documents for you to gather and use to prepare your taxes. Click this link for specific instructions on how to retrieve your documents if you have accounts at Folio Investing. For other brokerage firms, make sure you gather the relevant documentation according to their timetable and posting/mailing procedure.

The difference between daily stock returns and a coin flip

Given the recent daily stock market volatility headlines, you might be asking "what should I do?" Alas, despite the media's attempt to attribute a cause and effect relationship, daily stock returns are a random walk.

Calculator for highly-paid employees to maximize their employer 401(k) match

If your compensation is over $275k in 2018 and your employer matches your 401(k) contributions, you need to set your deferral amount correctly in order to maximize your company match. In short, you should set your 401(k) deferral amount to max out at the same time your compensation hits the $275k limit for the year. Use this calculator to help you.

Tax deductions for home mortgage interest under TCJA

Here are particulars regarding tax deductions for home mortgage interest under the Tax Cuts and Jobs Act of 2017, including changes in the deductibility of acquisition and home equity indebtedness.

Creditor protection for IRAs

One of the greatest benefits offered to qualified employer retirement plans under ERISA are the anti-alienation provisions, which provide that benefits under a pension plan cannot be assigned or alienated. But what about IRAs?