AMJ Financial Blog

Monthly Archives: September 2018

What’s a QCD? And why you need to know…NOW

What’s a QCD—and Why Taxpayers Need to Know the Answer Now Thanks to tax-law changes, qualified charitable distributions are more attractive than ever for IRA holders. The new tax law makes a little-known tactic for making charitable donations more attractive for taxpayers with IRAs. Read the complete article from the Wall Street Journal:  WSJ-What’s a QCD-9-24-18.pdf… Read More

Market Commentary – 9/25/18

Did you hear the news? A tech company introduced a microwave you can turn on using Wi-Fi – as long as you have one of the company’s voice assistants at home, reported Kaitlyn Tiffany of Vox. Soon, the voice assistants will be built with neural networks that will formulate hunches about whether their owners might… Read More

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Protecting an IRA from Prohibited Transactions

There are several prohibited transactions you must avoid as an IRA owner. A prohibited transaction occurs when an account owner uses IRA assets in a self-serving or self-dealing manner that improperly benefits him or her. If a prohibited transaction occurs, it can result in massive taxation and penalties. Learning more about what constitutes a prohibited… Read More

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Market Commentary – 9/17/18

All investors are consumers, but not all consumers are investors. The September installment of University of Michigan’s Consumer Sentiment Survey reported Americans are feeling pretty optimistic. Consumer sentiment rose to the second highest level since 2004, and consumer expectations reached the highest level since 2004. Surveys of Consumers chief economist, Richard Curtin, wrote: “Consumers anticipated… Read More

Market Commentary – 9/10/18

Remember: Volatility is normal. Major U.S. stock market indices climbed into record territory during August. They gave back some gains last week. Peter Wells of Financial Times explained: “Speculation about a fresh round of tariffs on Chinese imports from the Trump administration weighed on U.S. stocks, handing the S&P 500 its first four-day losing streak… Read More

Market Commentary – 9/4/18

Where is our country’s biggest export market? Markets were fired up last week after the United States and Mexico agreed on new trade rules. The Standard & Poor’s 500 (S&P 500) Index reached an all-time high and finished the month of August up about 3 percent, reported Michael Sheetz, Thomas Franck, and Alexandra Gibbs of… Read More

Contribute to a Health Savings Account – 5 Easy Steps

Did you know a Health Savings Account, or HSA, offers three different tax advantages? Contributions are deductible, earnings are tax-deferred while in the HSA, and distributions are tax-free when they are used for qualified medical expenses. If you’re enrolled in a high-deductible health insurance plan, you may want to consider contributing to an HSA. Keep… Read More