Richard Streitfeld – Buddhist Mensch

Zen and Now
A Few Best Practices for 2016

The beginning of the year is a good time to check your withholding allowances. Are you perpetually behind, or need more money in your paycheck? Remember that you can claim any filing status and number of exemptions on the W-4 for your regular withholding during the year. Read my article. Don’t rely on 1099’s to tabulate your income,
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Richard Streitfeld – Buddhist Mensch

Unintended Consequences
Medicaid and the Affordable Care Act

While Obamacare has expanded healthcare coverage dramatically, it has also created some new difficulties. Consider:  “June Cleaver” is a single parent of two boys- Wally and Theodore (“Beaver”).  She just became a real estate broker and made $25,000 in 2015. JUNE’S HEALTHCARE OPTIONS FOR 2016 Medicaid.  The family’s projected income  for 2016 (based on 2015)
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Richard Streitfeld – Buddhist Mensch

You are Not A-Loan
DEBT, Debt, debt, DONE!
(as in Beethoven’s Fifth)

You know the story. Student loan debt, well over 1 trillion dollars, exceeds credit card debt and is crippling graduates — and in turn, the whole economy. I had a pediatrician in my office who was making well over six figures, owes $300,000 on her student debt and yet Sarah cannot deduct a dime of
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Richard Streitfeld – Buddhist Mensch

Best of the Mensch
Financial Tips you may have Missed

Q: I landed a new job in sales and upgraded my wardrobe. Can I deduct the expenses? –Taylor Slow A: Nope — the tax code can be magnanimous but these are purely personal expenses. You also cannot deduct perfume, lipstick, lip balm, an electronic toothbrush or your coconut-lime shaving cream. (Okay, lipstick if it is
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