Follow the Rules When Rolling Over Your Employer-Sponsored Retirement Plan
Know your options and follow these rules to help prevent costly rollover mistakes.
7 Steps To Follow When You Receive a Pension Buyout Offer
Nearly 200 companies have made significant changes to their pension plans over the past 10 years. Plan terminations, freezes and benefit formula adjustments are some of the changes companies are…
Could You Be Obligated To Pay a Parent’s Nursing Home Bills?
Pennsylvania’s Superior Court ruled in Savoy v. Savoy that an indigent mother could sue her adult son to pay her overdue nursing home bills. The case was decided in 1994…
Why Standard Deviation Matters When Choosing Investments
Volatility often causes people to make decisions that may not be in their best interest.
Failure to Take the RMD from Your IRA Can be Costly
A recent audit report found that in fiscal year 2014, IRS revenue officers collected $222 million less than they did in 2011 (7% less) and closed 34% fewer cases. The…
Medicare’s 50th Anniversary: Remember When
How has Medicare changed life for seniors in this country?
Three Key Assumptions To Make in Financial Planning
When comparing results between retirement projections make sure you understand the assumptions of each plan.
Is Your Entrance Fee Deductible?
…making the right choice when choosing a CCRC.
Estate Planning: What You Should Know About Asset Titling
I recently met with a couple who had just received a sizable inheritance from the wife’s father. An event like this usually raises questions about the impact on their financial plan, tax…
4 Reasons Why We Believe Wealth Consolidation is Worth the Effort
The benefits of choosing a single financial custodian.
The Tax Advantages of Charitable Remainder Trusts
What happens when you combine aging baby boomers and a stock market reaching all-time highs? A renewed interest in charitable remainder trusts (CRT). The oldest of America’s 72 million baby boomers are…
The One IRA Mistake That Could Cost Your Family Thousands
Each financial institution has a unique default beneficiary sequence.
Should You Pre-Plan or Pre-Pay Your Funeral?
Here are points to consider.
Common Questions About Social Security
Last month I started a series on planning for retirement. See the other posts in the series here: Has Planning for Retirement Ever Been More Difficult? Three More Questions Retirees Ask More Common Retirement Questions…
Teach Your Children Well – Or They Are Likely to Waste Their Inheritance
Studies estimate the baby boom generation is set to inherit $11.6 trillion over the next 20 years from their parents. The baby boomers are expected to pass on as much…
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…
Social Security Basics
In 1935, President Franklin Roosevelt signed the Social Security Act, which provided a nationwide retirement and social welfare program for the first time. Since then, Social Security has grown to become…
Rules for Filing a Gift Tax Return
Some basics.
The Death of Equities — 33 Years Later
Does this sound familiar?
The ABC’s of Deducting Losses in Variable Annuities
The mechanics of doing so are tricky.
