How Does the SECURE Act Affect Legacy Planning for Large IRAs?
With the passage of the SECURE Act inherited IRAs from those who passed after December 31, 2019 are no longer allowed to stretch the withdrawals over their life expectancy.
What is The Widow’s Tax and How Will It Affect Me?
IRS tax code treats married people very differently than single people. When a spouse dies, the surviving spouse may often face a drop in income and a hike in income taxes at the same time.
What is a Money Script?
We all have different “money scripts,” or things we tell ourselves about money that impact our financial decisions. Becoming aware of these thoughts—and the impact they have on our spending and saving behaviors—is important as you plan for and enter retirement.
Under the Tax Cuts and Jobs Act, QCDs Can Be a Valuable Giving Tool
As a result of the Tax Cuts and Jobs Act, the vast majority of taxpayers began taking the increased Standard Deduction. Because of this, most taxpayers will no longer get a tax benefit from their charitable giving.
Estate Planning for Pets
Do you have a plan to provide for your pets after you’re gone? We’ll cover some estate planning tips for our furry friends on this edition of Project Wealth.
10 Years Later: Lessons Learned from the Bernie Madoff Scandal
Since his deceit was revealed, there are still many unanswered questions. Despite these questions, there are lessons that fraud can teach all investors to avoid becoming victims of the next Madoff.
5 Strategies for Gifting to Adult Children
Gifting to adult children can be a rewarding way to enrich their lives.
What is a HELOC? How they Differ from Conventional Mortgages
HELOC stands for home equity line of credit. Like a mortgage, it’s a loan made against the equity in your home.
Every Walt Needs a Roy – Disney that Is
Walt Disney’s success was in large part due to his brother, Roy. Here’s what Roy and Walt teach us about the client-financial planner relationship.
Life Insurance
Are you retired or planning to retire soon? Do you still own a life insurance policy? We’ll give you some life insurance pointers on this edition of Project Wealth.
Taxes & Retiring in PA
Why is Pennsylvania considered a good state for retirees? The answer on this edition of Project Wealth.
Retirement Income Calculations: What Many Are Missing
Don’t take shortcuts when calculating your retirement income
Variable Annuities: How To Evaluate Whether You Should Keep One
Unfortunately, it is not uncommon to meet prospective clients who attended an “informational” seminar, got a nice steak dinner, and ultimately purchased an annuity that may cost them thousands of dollars…
Pennsylvania: Good State To Retire In, Bad State To Die In
While the federal estate tax (in its current form) is probably something that very few people will need to worry about, the inheritance tax is really something that all Pennsylvanians need to consider.
