The Trifecta in Roth IRAs
Improve your odds of achieving financial independence by investigating these strategies now.
Three Ways to Invest in a Roth IRA
How do you get money into this valuable retirement tool?
Are We Ready for a National Sales Tax?
The recent IRS scandal might end up having unintended consequences — a national sales tax. A switch from taxing income to taxing consumption could mean the end of the IRS altogether. A sales…
Hardship Withdrawals – What are the Real Costs?
The victims of Hurricane Sandy may have thought they were receiving help from an unusual source – the IRS. Last year the IRS Announcement 2012–44 granted relief in the form…
Five Strategies for High Income Earners to Deal with the New Tax Rules
The American Taxpayer Relief Act of 2012 (ATRA12) prevented higher taxes for many taxpayers but those in the top two tax brackets will experience an increase in taxes in 2013…
Reducing Taxes on an Inherited IRA
Have you recently inherited an IRA account? Did you know that the IRD deduction may help reduce the income tax you owe on taxable distributions? Income in respect of a decedent…
Strategies to Manage the Taxation of Social Security
Last week I talked about the double taxation of dividends. Corporations pay tax on their earnings which are taxed a second time when they are distributed to the shareholder as dividends. The…
Preserving Your Income Stream Through Retirement – Part Three
See Part 1 and Part 2 in this series. Even a novice investor has heard of the importance of diversification as a tool to lower risk. Diversifying among investment classes and diversifying…
Preserving Your Income Stream Through Retirement – Part Two
See Part 1 and Part 3 in this series. Last week we began a discussion on how to build a retirement income strategy that would provide an increasing stream of income over…
Should You Buy Pet Insurance?
A client recently told me about an incident that happened with their six-month old boxer. The dog had suffered a broken leg and was treated at the University Of Pennsylvania School…
The Death of Equities — 33 Years Later
Does this sound familiar?
What To Do When a Relative Passes Away
When my father died a few years ago my mother was overwhelmed by the many details that needed to be attended to during such an emotional time. My Mom was fortunate…
Four Tricks to Being a Better Car Buyer
Here’s a few tips to help save you money.
What You Need to Know Before Taking Social Security Benefits — Part 1
The payroll tax break was hotly debated early this year. Under the Middle Class Tax Relief and Job Creation Act of 2012, workers will continue to pay a lower social security…
Do You Hold Title Correctly for Your Real Estate?
Property title questions during financial planning interviews often draw blank stares. Yet, understanding the differences among tenants-in-common, joint tenancy and community property is important for creditor protection issues, estate planning,…
When Is Your Beneficiary Not Your Beneficiary?
A man enrolled in his company’s 401(k) plan and named his wife as the sole beneficiary of his account. Years later, his wife died and the worker updated his account to…
Helping or Spoiling?
That’s the question a parent must ponder when an adult child asks for financial assistance. One of the greatest parts of being a parent occurs when you become a grandparent. So, it is…
The Path to a Lasting Marriage – Financial Independence
How can a husband and wife achieve financial peace in their marriage? Step one is to agree on a long-term plan.
Hold on to Your Last Social Security Statement
The Social Security Administration will no longer mail you an annual Social Security statement. Here’s what you need to do.
Consolidating Employer Retirement Accounts
The average American will hold 11 jobs between the ages of 18 and 62, according to the Bureau of Labor Statistics (2010). When you start a new job, you probably remember…
