Most estate planning is focused on passing assets to your heirs and doing it with as little fanfare as possible. But what if there’s someone you absolutely do not want to benefit from your estate? They never come to visit, they’ve offended you in some way, or you just don’t like them. You know you’ll turn over in your [...]
When the Tax Cuts and Jobs Act became law in 2017 it contained provisions that lowered tax rates on both corporations and individuals. But tucked away in the recesses of all the legislative lingo was a benefit for parents that has been largely overlooked. The tax bill expanded the flexibility of 529 educational savings plans. 529 plans are named [...]
Every new year brings changes and for 2018 the Federal Government has made changes to Social Security and Medicare. Surprise, surprise! Some retirees get a raise. Some workers will see more come out of their checks for future benefits. And most Medicare recipients will pay more for health care. First, the good news. For the first time in almost [...]
What happens when you die? Whether you believe in an eternal after-life, or that you come back as Aunt Polly’s cat, in the world of money you choose the answer. Depending on your choice, as an old Eagles tune says, it could be heaven or it could be hell for the people that matter to you. Planning, or lack [...]
Medicare. The name is as recognizable as Kleenex®, KFC®, and Coca Cola®. But if asked what Medicare is, most people can only tell you it’s government health insurance for older people. If you’re going to do serious retirement planning you need to know more than that. If you don’t, you could miss sign up deadlines and that will cost [...]
Do you want your ex-spouse to get your money when you die? Or how about someone that’s fallen out of your good graces? No matter what your will says, the beneficiary form you signed is the gospel truth, written-in-stone, irrefutable, go-to document that will be used by the court to distribute your assets. And if you forgot to name [...]
To take, or not to take—that is the question: Whether ‘tis nobler to wait until 70 for the outrageous fortune of a larger Social Security check, or suffer the slings and arrows of a reduced benefit at age 62. Social Security is an important part of retirement income for many Americans and deciding when to begin benefits is a [...]
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!
Every new year brings changes and for 2018 the Federal Government has made changes to Social Security and Medicare. Surprise, surprise! Some retirees get a raise. Some workers will see more come out of their checks for future benefits. And most Medicare recipients will pay more for health care. First, the good news. For the first time in almost three [...]
When was the last time you - or you and your financial adviser - did a top to bottom review of your entire financial situation? For most people, the answer to that question is really easy - never. It is a daunting task to think about all the things that affect your finances. And sometimes the answers are ones you [...]
Stay In Touch