Welcome! Login | Register

McCain Calls Trump’s Meeting & Press Conference With Putin “Disgraceful”—McCain Calls Trump's Meeting & Press Conference With…

The Politics of Finesse, 2018 Style - The Sunday Political Brunch - July 15—The Politics of Finesse, 2018 Style - The…

Trump Names Kavanaugh To United States Supreme Court—Trump Names Kavanaugh To United States Supreme Court

You CAN Stop Emotional Eating – Here’s How—You CAN Stop Emotional Eating – Here’s How

The Best Running Gear You Can Buy—The Best Running Gear You Can Buy

“Come See About Me” - The Supreme Court Picks—Sunday Political Brunch July 8, 2018—“Come See About Me” - The Supreme Court…

The Politics of Civility - or the Lack Thereof—Sunday Political Brunch July 1, 2018—The Politics of Civility - or the Lack…

Guest MINDSETTER™ York: Toxic Social Media Influencers As A Catalyst For Violence—Guest MINDSETTER™ York: Toxic Social Media Influencers As…

How Are The Seattle Sounders And Portland Timbers Players In The World Cup Doing?—How Are The Seattle Sounders And Portland Timbers…

FIFA World Cup Preview – 6/26—FIFA World Cup Preview – 6/26


Friday Financial Five – March 4, 2016

Friday, March 04, 2016


Time to file business tax returns

The deadline for filing corporate tax returns without extension is March 15th. This year, owners can count on the Section 179 deduction for qualifying software and equipment. The tax-extension bill makes permanent the $500,000 maximum for the year. Bonus depreciation was extended through 2017, allowing a 50 percent deduction on new equipment purchases in 2015. Some business owners will also have to navigate the tax ramifications of the Affordable Care Act for last year but especially going forward. The IRS website provides information to assist in that process.

Another list for best places to retire

Markets have been turbulent this year, but that doesn’t mean one can’t dream about the ideal retirement locale. Bankrate’s list of most favorable states for retirement is based on crime, the cost of living, taxes, and weather, among other qualifications. An enviable tax environment and low crime numbers help Wyoming top the list and Rhode Island, often at the bottom of retirement lists, makes a surprise appearance in the 22nd spot thanks to health care quality. New York assumes the bottom position at 50th with the worst tax environment and near-worst cost of living.

Retirement health spending rises with increased longevity

Fidelity’s most recent calculation for total retirement healthcare costs show an increase from $220,000 to $245,000. This figure assumes the total spending for two 65 year olds retiring in 2015 and doesn’t account for long term care or over the counter medications. The result reinforces how important the use of a Health Savings Account can be to accumulate funds, especially for those early in the working career.

Women more likely to face retirement impoverishment

A troubling report from the National Institute on Retirement Security finds that women are 80 percent more likely than men to fall into poverty in retirement. Women age 65 and older have a retirement income 25 percent lower than men and that gap increases to 44 percent at age 80. Also cited was a Vanguard report showing that in 2014, the median retirement account savings was $36,875 for men and $24,500 for women.

Billionaires club takes a small hit

Forbes has uncovered an unsettling trend for the ultra-wealthy: the number of billionaires is shrinking. The 2016 list counts 1,810 billionaires, a drop of 16 from last year, while the group’s average net worth dropped from $3.86 billion to $3.58 billion. Bill Gates still tops the list at $75 billion, while two-thirds of the list includes billionaires who are self-made.

Dan Forbes, a CFP Board Ambassador, is a regular contributor on financial issues. He leads the firm Forbes Financial Planning, Inc in East Greenwich, RI and can be reached at [email protected]


Related Slideshow: Oregon Business Rankings in US

See how Oregon stacked up against the other states in the U.S.

Prev Next


Oregon gets a C+ for small business friendliness from Thumbtack, in conjunction with the Kauffman Foundation.

According to the ranking:

Overall friendliness C+

Ease of starting a business B
Ease of hiring D+
Regulations D
Health & safety D
Employment, labor & hiring D
Tax code D+
Licensing C-
Environmental D
Zoning D+
Training & networking programs B+

Prev Next

CEO Magazine

CEO magazine was not kind to Oregon.

The state ranked in the bottom ten states at #42.

Oregon get lumped by CEO's as being California like - too much regulation.

Prev Next


The 2015 rankings puts Oregon in the top 20. Oregon ranks #18 in the United States. 

NY ranks one spot ahead at #17 and Florida ranks after Oregon.

#1 in the United States: Utah

#50 in the United States: Mississippi

Prev Next


Oregon has been ranked as the 2nd most eco-friendly state in the country, according to a recent study by WalletHub

Oregon ranks eighth in environmental quality and first in Eco-Friendly Behaviors landing them in second overall. 

Oregon is behind Vermont and ahead of New York and Minnesota who land in the third and fourth spots respectively. 

Prev Next

The Economist

Small Business Friendliness Grade: C+

The Economist grades states on an A+ to F grading scale for its small business climate. Oregon is one of 4 states that earned a "C+"

Overbearing bureaucracy and excessive licensing is stifling small business in America. 

Read More About The Economist Grade Here

Prev Next


#22 CNBC

CNBC ranks each state in cost of doing business, economy, technology and innovation.

Read More About CNBC Ranking Here

Prev Next

Wallet Hub

#28 Wallet Hub

Wallet Hub ranks each state in ROI rank, state tax rank, and overall government services.

Read More About Wallet Hub Ranking Here

Prev Next

#38 Kauffman Foundation

Kauffman Foundation ranks each state in entrepreneurship.

Entrepreneurial activity generally is highest in Western and Southern states and lowest in Midwestern and Northeastern states.

Read More About Kauffman Ranking Here

Prev Next


#19 Forbes in 2014

Forbes ranks each state in business costs, economic climate, and growth prospects.

Read More About Forbes Rankings Here


Related Articles


Enjoy this post? Share it with others.



Stay Connected — Free
Daily Email