Fiduciary vs Suitability Standard

By |2021-08-30T12:17:16-04:00August 30th, 2021|Financial Planning|

Today we hear the word fiduciary tossed around as some concept that means the same thing by everyone who utters it. Nothing could be further from the truth. A fiduciary, according to Investopedia is:   … a person or organization that acts on behalf of another… putting their clients' interest ahead of their own, with a duty to preserve good [...]

Stealth Income Taxes

By |2021-08-23T20:39:56-04:00August 23rd, 2021|Financial Planning|

In 1983, the United States changed the rules of engagement when it unveiled the first Stealth Aircraft—the F-117 Nighthawk. The goal was to make a plane that was undetectable to the enemy. The new design didn’t make it completely invisible to radar, but it made detection much more difficult. It’s possible you may have to deal with some stealth attacks [...]

Spousal Lifetime Access Trusts—a Treasure Chest for Married Couples

By |2021-08-16T13:11:12-04:00August 16th, 2021|Estate Planning, Financial Planning|

There’s an old axiom that says, “All good things must come to an end.” And unless Congress makes some changes, that’s what will happen to the current level of the federal estate tax exemption. As it stands now, every individual can give away $11.7 million of their estate free of inheritance and gift taxes. Married couples have a combined exemption [...]

Common vs Solemn Probate

By |2021-08-09T13:24:50-04:00August 9th, 2021|Estate Planning, Financial Planning|

Probate is a term most people have heard. It’s the court process required to settle an estate when a Will was used as the estate planning tool. What most people don’t know is that there are two types of probate—Common and Solemn. The executor chooses the one that is most appropriate. Common probate is used most often. It’s the easiest. [...]

Embracing Social Security Online

By |2021-07-19T10:44:43-04:00July 19th, 2021|Financial Planning, Retirement|

Customer service is mostly dead. It’s probably housed in the Smithsonian along with the T-Rex and TV rabbit ears. As technology has progressed and Millennials have come of age, we have been pushed, sometimes kicking and screaming, to conduct personal business online. The Social Security Administration is no exception. Call the SSA and you will hear, “Offices are open to [...]

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