Savant Blog

Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.

17 Feb
February 17, 2017

You want to help your child buy a house, while ensuring that you do so in a tax-smart way. While you may have the best intentions, helping out in the wrong way can cause you or your child, or both, to lose tax benefits.

So, what’s the best way to assist your child in buying a home?

The good news is that there are several strategies for helping your child that also preserve tax benefits related to home ownership. Two considerations are

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16 Feb
February 16, 2017

Dr. Simon Ramo of TRW, Inc. (now a part of Northrop Grumman) identified the difference between a winner’s game and a loser’s game in his book, Extraordinary Tennis for the Ordinary Tennis Player (pub. 1977). Dr. Ramo summed it up this way: professionals win points; amateurs lose points.

The extraordinary tennis players rarely make mistakes, called “unforced errors.” When a superior tennis player is competing against an average opponent, the superior player wins—but not due primarily to making winning shots. Rather,

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14 Feb
February 14, 2017

Retirement planning and saving are a big deal. When you are working hard and saving for your future, you want to ensure you are getting the most “bang” from each retirement savings dollar. After all, it’s your ideal future that’s at stake!

All of this planning and saving often lead to a common question. What retirement savings vehicle makes the most sense? Specifically, should I utilize an IRA or a 401(k)? The answer is similar to most choices in life: It

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07 Feb
February 07, 2017

It’s no secret that saving for retirement is important. However, it can be confusing to determine which retirement savings vehicle makes the most sense for your hard earned cash. Two excellent tools that offer meaningful tax advantages are IRAs and 401(k)s. Depending on your circumstances, it may make sense to utilize one versus the other. Or, you may benefit from saving in both an IRA and a 401(k).

In part two of this three-part series we will review 401(k)s. Part one

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02 Feb
February 02, 2017

When planning and saving for retirement, many questions come to mind. What’s an IRA? What’s a 401(k)? What’s the difference between these two retirement savings vehicles? Which one makes more sense for me?

Let’s start with two pieces of good news. First, IRAs and 401(k)s are BOTH excellent tax-advantaged retirement savings tools that can help you save for your ideal future. Second, deciding which account to contribute to isn’t necessarily an “either-or” decision. In fact, many individuals will benefit from contributing

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