Where else should I invest in for my retirement? Can I invest in traditional IRA after I maxed out Roth IRA?
I have already maxed out my Roth IRA, and my job does not offer 401K.
Jun 19, 2015 3:02:46 PM / by Ara Oghoorian posted in Blog
My mother wants to gift me money. How much can I receive tax free?
Jun 19, 2015 2:59:38 PM / by Matt Crisafulli posted in Blog
by Matthew Crisafulli
What do pizza and investing have in common?
Apr 15, 2015 10:04:54 AM / by Ara Oghoorian posted in Blog
Are you a bit unsure of what it truly means to own shares in a company? You're not alone. Recently, my 8 year old son explained to his little brother the basics of investing and what it means to own shares in a company. Click on the audio file to listen to his simple lesson on how pizza and shares are really quite similar.
There's Still Time to Contribute to an IRA
Feb 18, 2015 9:52:18 AM / by Ara Oghoorian posted in Blog
Despite what the calendar shows, 2014 is not over yet. Whether you have a Roth, Traditional, or SEP IRA, you still have time make a contribution count towards 2014. In order to capitalize on a 2014 contribution, you must open an account (if you don't already have one) and make a contribution before the April 15, 2015 IRS deadline.
Can I transfer a Direct PLUS loan to my child after he/she graduates?
Feb 4, 2015 11:55:06 AM / by Ara Oghoorian posted in Blog
A Direct PLUS loan is usually taken out by the parent to pay for his/her child’s college education. The child must still complete the FAFSA (Free Application for Federal Student Aid), but it is the parent who is ultimately responsible for the loan. The interest rate on Direct PLUS loans depends on the date of disbursement and is set by the Department of Education. Some parents assume the loan can be transferred to the child once the student graduates, but unfortunately, as a parent borrower of a Direct PLUS loan, the loan cannot be transferred to the child; the parent is responsible for repaying the loan.
How often can I make changes in my 401k?
Feb 4, 2015 11:54:43 AM / by Ara Oghoorian posted in Blog
Generally, you can make changes in your 401k plan as often as you want; I use the word generally because employers can impose their own restrictions to prevent employees from trading in their 401k plans. ACap strongly advises against actively trading in your 401k or try to time the markets. Rather, rebalance your portfolio on a periodic basis to minimize risk. Review your 401k at least quarterly to ensure the allocations you initially selected have not deviated from your intended percentages; if they have, then rebalance your entire portfolio (including 401k) to bring it back in line with your goals.
Are My Student Loans Tax Deductible?
Feb 4, 2015 11:52:08 AM / by Ara Oghoorian posted in Blog
Student loans can be a heavy burden on many taxpayers. Luckily, the IRS allows you to deduct a portion of student loan interest which is taken as an adjustment to income. This means you can claim the deduction even if you do not itemize deductions (file Schedule A on your 1040). Unfortunately, the IRS also has many limitations on the deductibility of student loan interest. For example, the maximum interest deduction is $2,500, which for most professionals is a drop in the bucket; the loan proceeds must have been used to pay for qualified education expenses; and your Modified Adjusted Gross Income cannot exceed $155,000 (married filing jointly) or $75,000 (single, head of household, or qualifying widow). We at ACap know that managing your student loan can be frustrating and confusing, so we are currently working on creating a student loan resource page on our website to help you through the process. Stay tuned.
Teaching Your Kids about Money, Saving, and Investing
Jan 21, 2015 11:24:47 AM / by Ara Oghoorian posted in allowance, Retirement, money, U.S. News & World Report, saving, investing, Blog, piggy bank, child, Geoff Williams
It is never too early to start teaching your kids about saving and investing. Here's a straightforward article written by Geoff Williams of U.S. News & World Report on how to do just that.
Self-Driving Car
Jan 12, 2015 11:21:39 AM / by ACap Advisors & Accountants posted in technology, Blog, news
The Consumer Electronics Show, more commonly known as CES is took place in Las Vegas this month. CES has debuted many great inventions we use today such as plasma TVs, Blu-ray players, and ultra-thin laptops. However, the buzz this year in Las Vegas isn’t about the latest Apple product; the spotlight has been stolen by car manufactures such as BMW and Audi who just unveiled their new self-driving car technologies.