Blog - North Light Financial Services

Charitable Giving

You don’t need to be wealthy to make an impact and get a win-win. Do you have to make a multimillion-dollar gift to a charity to receive immediate or future financial benefits? No. If you’re not yet a millionaire or simply a “millionaire next door,” yet want to give, consider the following options which may bring you immediate or future tax deductions. Partnership gifts. These gifts are made via long-term arrangements between donors and recipient charities or non-profits, usually with [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00April 11th, 2013|Charitable Giving, Estate Planning, Income Taxes|Comments Off

IRA Contribution Reminder

IRA Contribution Reminder Here’s an important reminder: April 15 is the deadline for funding your IRA for 2012. (If you have a SEP IRA, you have until October 15 if you filed an extension on your personal tax return.) You may contribute up to $5,000 to a traditional IRA or a Roth IRA for the 2012 tax year. If you were 50 or older in 2012, your contribution limit is $6,000. (If you own multiple IRAs, your total IRA contributions [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00March 28th, 2013|Financial Fitness, Investing, IRA|Comments Off

What Does the Dow’s Record High Really Mean?

What Does the Dow’s Record High Really Mean? Does it signal anything more than bullish sentiment? Next stop, 15,000? As the Dow Jones Industrial Average settled at a new all-time high of 14,253.77 on March 5, the psychological lift on Wall Street was undeniable – the market was finally back to where it was in 2007. Or was it?1 For many Americans, the Dow equals the stock market, and the stock market is a direct product of the economy. It [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00March 14th, 2013|Business/Economic News, Stock Market|Comments Off

Gauging the Sequester’s Impact

Gauging the Sequester’s Impact Where and how soon might the cuts be made? As there was no last-minute agreement between Congress and the White House to postpone federal budget cuts scheduled to take effect March 1, the ax now falls. Unless a bipartisan effort somehow undoes them, assorted federal government agencies will have their budgets reduced by $85 billion between now and October 1, as the initial step in a planned $1.2 trillion deficit trimming over the next ten years. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00March 7th, 2013|Business/Economic News, Congress|Comments Off

Social Media Life After Death

Social Media Life After Death What happens to our online presence after we pass away? Are profiles immortal? Are memories lost? How do the major social media sites handle a death among their users? Facebook adopted a policy of “memorializing” the pages of deceased users. If you pass away, your page won’t disappear – unless you or your loved ones decide that it should. Once memorialized, no one can log into it any further. The page is taken out of [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:30-04:00February 28th, 2013|Estate Planning, Personal Finance|Comments Off