Our featured article of the month, End of the Year Money Moves, provides a few smart ideas on preparing your financial situation for year end. Considering how difficult the investment markets have been this year, why not take advantage of tax-loss selling to offset current or future capital gains? And see below a link to...
Our featured article of the month, What Happens When There Are No Beneficiaries, outlines the common steps utilized when determining the benficiary of an investment or proceeds from an insurance policy. As stated, most retirement plans will default to the surviving spouse, by state law, even if no beneficiary is listed on the plan account. Of...
Our featured article of the month, Major Risks to Family Wealth, highlights some of the more commonly made mistakes investors make when planning for their family wealth's legacy is incomplete or ignored. Many, even without substantial financial wealth, do not appreciate the implications of such a misstep. The Federal estate tax limit in 2022 is $12.06...
Our featured article of the month, End of the Year Money Moves, provides a few questions that may help you consider some necessary or prudent moves prior to year-end. With another year of significant disruptions, work statuses may have adjusted, resulting in changes in your tax status. You may have increased your charitable contributions due to the...
Our featured article of the month, Life Insurance with Extended-Care Riders, briefly touches on a topic of growing importance as our Boomer generation ages; funding Long Term Care. While the article uses the term "Extended Care", the terms are synonymous. Long Term Care (LTC) needs are expanding greatly as seniors live longer and medical advancements...
Our featured article of the month, Qualified Charitable Distributions, provides an introduction to a strategy that may help some retirees both donate to their favorite causes while providing some benefit to offset their RMD's impact on their taxes. With deductions getting more difficult to claim, this benefit is worth looking into if you have a...
Our featured article of the month, Retirement Seen Through Your Eyes, poses a few insightful questions on planning your future years. What will be your purpose? What accomplishes are you intent on fulfilling? What sparks your interest? Long gone are the days of depression era retiree ideas of lounging on the couch waiting for the...
Our featured article of the month, The Financial Planning Process, outlines the six steps to creating a financial plan using the services of a CFP® professional. The CFP® Board Standards detail the expectations of a relationship between a client and their CFP® professional, providing a framework for the engagement. The standards are in place to...
Our featured article of the month, The SECURE Act, explains a few of the provisions to the current rules regarding Required Minimum Distributions (RMDs) and Inherited IRAs otherwise known as Stretch IRAs. Additionally, continued contributions have been revised as well as changes to multiple employer plans. The most notable changes affecting my clients include the...
Our featured article of the month, Your Extended Care Strategy, reminds our readers that a retirement plan coupled with a long term care strategy is a prudent way to plan for the future. November is Long Term Care Awareness month and this newsletter touches on this topic at least once a year, for good reason....
