Defer income this year and give to charity, sell off losing investments or depreciated securities, and pay 2017 state and local tax liabilities in full by Dec. 31. That way, 100 percent of those taxes are deductible on federal tax returns for 2017.
The story of Ron Smith and his daughter Lynn Byrne is a cautionary tale about investing with risky start-up companies. The father-and-daughter duo invested and lost roughly $230,000 in a physical therapist's start-up small business - and say they've gotten no help from state regulators.
The vote to elect trustees had been widely expected to pass. Less clear had been the PetroChina/Sinopec divestment vote, put forth by a shareholder group asking Vanguard to divest from the two Chinese energy companies, which do business in Sudan.
The very old are the fastest-growing segment of the population in developed nations, with an estimated 51 percent of elders age 80-plus between 2010 and 2030. Typically, advanced-aged children like Darlene Chapman, a retired Philadelphia police officer, serve as primary caregiver.
A sit-down with TIAA chief executive Roger Ferguson in Philly, home to many TIAA clients - including the University of Pennsylvania, Temple, Drexel, St. Joe's, and scores of universities, colleges, higher education, and secondary schools in the region. TIAA is facing controversy over its sales practices.
Pennsylvania will receive $6.3 million as its share of the multistate settlement with Deutsche Bank. Government agencies like school districts, municipalities, and nonprofits with Libor-related investments will be notified if they are eligible to receive a distribution from a nationwide settlement fund.
Erin Arvedlund writes a weekly column for the Inquirer on investing and personal finance. Her first book was Too Good to Be True: The Rise and Fall of Bernie Madoff (Penguin).