Thompson Financial Management

Gary S. Thompson, CPA

Welcome to Gary Thompson, CPA's Web Site, where you'll find a wealth of information in the form of newsletter articles, calculators and reserach reports.

We hope your visit will help you understand the opportunities and potential rewards that are available when you take a proactive approach to your personal financial situation.  Gary Thompson created this Web site to help you gain a better understanding of the financial concepts behind taxes, insurance, investing, estate and retirement planning and wealth preservation.  Most importantly, we hope you see the value of working with a skilled professional, Gary Thompson, to pursue your financial goals.

Gary Thompson is here to help educate you about the basic concepts of financial management; to help you learn more about who he is; and to give you fast easy access to market performance data.  We hope you take advantage of this resource and visit his site often.  Be sure to add this site to your "favorites" in your internet browser.  We frequently update the information , and he wouldn't want you to miss any developments in the area of personal finances and income taxes.
Calculators

IRA Eligibility

Use this calculator to determine whether you qualify for the different types of IRAs.

LTCI Cost of Waiting

Estimate the potential cost of waiting to purchase a long-term care insurance policy.

Mortgage Refinancing

Determine whether you should consider refinancing your mortgage.

Personal Inflation Rate

Is your personal inflation rate higher or lower than the CPI?

More Calculators →

Newsletters

Deciding When to Begin

Waiting until full retirement age (or up to age 70) to claim Social Security may result in significantly higher monthly benefits. At age 62, the earliest age to claim Social Security, the amount received could be only 70% of the benefit received at "full retirement age" (which ranges from age 65 to 67 depending on year of birth).

Tax Changes for 2012

Mandatory annual inflation adjustments generally affect federal income tax brackets, retirement plan contribution limits, and estate tax exemption levels. Here are some of the major changes that could affect readers in 2012, with a table showing 2012 income thresholds for the six federal income tax brackets.

Leaving Your Home Out of the Retirement Equation

Plummeting home prices and increased borrowing cut U.S. home equity by more than 60% during the Great Recession — and housing prices have not yet recovered. This article considers the potential drawbacks of depending on home equity to help fund retirement.

The Financial State of the States

Many state and local governments have struggled with lower tax receipts and large budget deficits — during and after the recession. This article offers a closer look at the financial pressures facing the states and how the methods used to address budget shortfalls could ultimately serve as a drag on the national economy.

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