Financial Planning

Red Flags Over Labor

By |2019-11-06T20:49:07-05:00November 6th, 2019|Economy, Federal Reserve/Monetary Policy, Financial Planning|

NOTE: originally published Friday, Nov 1 Better-than-expected is the new strong. Even I’m amazed at the satisfaction being taken with October’s payroll numbers. While you never focus too much on one monthly estimate, this time it might be time to do so. But not for those other reasons. Sure, GM caused some disruption and the Census is winding down, both [...]

Will or Trust – Which Should I Have?

By |2019-11-06T11:48:22-05:00November 6th, 2019|Estate Planning, Financial Planning|

Do I need a will or a trust? That’s the most basic question to begin creating an estate plan. And, let’s face it, you really do want a say in who gets what after your gone. That’s just human nature. Without some kind of legal instructions, you can’t guarantee that your wishes will be carried out. So, is a will [...]

Things You Didn’t Know Were Tax Deductions

By |2019-10-23T15:04:28-04:00October 23rd, 2019|Financial Planning|

Have you ever had that sick feeling in the pit of your stomach when you realize there was a tax deduction you could have taken and didn’t? There’s just something deflating about knowing Uncle Sam got more of your money than he had to. The folks at TurboTax have come up with a list of deductions you shouldn’t overlook:   [...]

2020 Social Security Cost of Living Numbers Released

By |2019-10-17T16:19:40-04:00October 17th, 2019|Financial Planning, Retirement|

This is the time of year when leaves fall and the Social Security Administration announces the annual cost of living adjustment (COLA) for people receiving Social Security. For 2020 the increase will be 1.6 percent, or about $24 per month, raising the average monthly individual payout to $1503. It will boost the maximum retirement benefit by $150 to $3011 per [...]

The Alarming Growth of Elder Bankruptcy

By |2019-10-16T13:48:05-04:00October 14th, 2019|Financial Planning, Retirement|

Being elderly in America has more than its share of issues—affording proper healthcare, being forced to work much longer because of the need for health insurance or not having saved enough for retirement. Now, throw one more financial demon into the mix. More and more elders are being forced into bankruptcy. In 1991, elder bankruptcies made up 2% of total [...]

Roth IRA Conversion Traps to Avoid

By |2019-10-10T14:08:59-04:00October 10th, 2019|Financial Planning, Retirement|

Since the Roth IRA was created by the Taxpayer Relief Act of 1997, it’ been an appealing addition to retirement planning. While contributions to a Roth are not tax-deductible, the trade-off is tax-free and penalty-free withdrawals after you cross the age of 59 ½. The withdrawal benefit is one reason many people consider converting their traditional IRAs to Roth IRAs. [...]

Medicare: Don’t Set It And Forget It

By |2019-10-02T08:37:56-04:00October 2nd, 2019|Financial Planning, Retirement|

It may be one of the biggest misconceptions people have about Medicare—thinking that when they’re eligible they can enroll and then they’re set for life—set it and forget it. Nothing could be further from the truth. Never changing your Medicare plan can be a costly mistake. Every year, insurance companies make changes to the Medicare plans they offer. Those changes [...]

The Last Piece of the Estate Planning Puzzle

By |2019-09-24T12:14:33-04:00September 24th, 2019|Estate Planning, Financial Planning|

You’ve worked hard to get your estate plan in place. The appropriate documents have been created and signed. You’ve named the person who’ll carry out your final wishes. But have you completed the final piece of the estate planning puzzle? If this last piece is in place, it will make it substantially easier for your executor or trustee. The last [...]

SPECIAL REPORT: The Yield Curve And What It Means

By |2019-09-13T13:42:53-04:00September 13th, 2019|Alhambra Portfolios, Bonds, Financial Planning, Markets|

The Yield Curve Inverted! Recession is Coming! Do you need to worry about the yield curve inversion? Not if you have a strategy appropriate to your circumstances. Not if you know what tactics you will employ when recession is imminent. And most importantly, not if you know what the yield curve and other indicators are really saying about the current [...]

It’s Open Season on Taxpayers and You are the Target

By |2019-09-09T12:19:08-04:00September 9th, 2019|Financial Planning|

Hunting season is open again and you’re the target. According to the Internal Revenue Service, there is a new IRS impersonation email scam trying to con you out of your personal information with the end game of stealing your identity. There are variations of what appears in the email subject line, but you may see phrases such as, “Automatic Income [...]