What’s the first thing that you think about when you’re asked about a will? If you’re like the millions of Americans without a proper estate plan, thoughts likely move quickly to your own mortality. Perhaps that’s why so many people stay in that estate planning purgatory for far too long. Recent high proContinue Reading >
The Social Security Administration is eliminating two popular claiming strategies people have used for years to optimize their Social Security benefits.
April 29, 2016, will be the last day anyone who has reached Full Retirement Age can file a retirement claim and immediately suspend it&mdashContinue Reading >
Logically, it would seem that a 40-year-old with more than two decades of income ahead of her before retirement would be open to taking more risks (with the potential for a greater reward) in her portfolio than a 60-year-old.
With retirement knocking at her door, a 60-year-old would seemingly be more fearful for her investments, since thContinue Reading >
For the second part of our two-part blog on probate—the identification, gathering and distribution of a deceased person’s assets—we’ll examine what assets are subject to the process.
Generally, assets that will be included are those that were owned solely by the decedent at the time of his or her death, anContinue Reading >
Even with a will, probate (the identification, gathering and distribution of a deceased person’s assets) can be a confusing and daunting process. We’ve decided to devote our next two blogs to walking you through this challenging task that comes during an emotional time.
This week, we’ll talk about paperwork – wherContinue Reading >
With many people marrying two or three times over the course of a lifetime, blended families—a couple and their children from previous relationships—are rapidly redefining the traditional nuclear family. As family dynamics become more complex, so do the intricacies of creating an estate plan. While the details of each family&rsquoContinue Reading >
Divorce will be difficult.
Dealing with emotions, memories, friends, family members, lawyers, paperwork and everything else that is a part of ending a marriage seems like (and sometimes actually is) too much to handle for one person.
One of the most common mistakes we see our clients make when going through a divorce is enteringContinue Reading >
When the Millennial generation retires, they will have paid off a larger average student loan debt than any previous generation and will receive less financial support for retirement from their employers and their government than those who went before them.
Employers are pulling back on retirement benefits and the current embattled stateContinue Reading >
Motivations behind the sale of a business are many and often complex. While portfolio liquidity for retirement years may be one, reducing risks concerning the future capabilities of the company, industry and employees may be another.
Risks inherent in business ownership also take on greater alarm as a client approaches an age whenContinue Reading >
President Obama has signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015, ending the annual end-of-year uncertainty surrounding several tax breaks that were approved on a temporary basis.
There are two components of the act that we find most beneficial.
Qualified Charitable Distributions (QCDs) madeContinue Reading >
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