WEEKLY QUOTE“The road to someday leads to a town of nowhere.” - Tony Robbins WEEKLY TIP Remember that you can give gifts of a present interest of up to $13,000 to anyone in 2012 without incurring federal gift tax. (For the 2012 tax year, the lifetime gift...
Different ways to respond to the challenge. As you retire, there are variables you can’t control; investment performance and fate are certainly toward the top of the list. Your approach to withdrawing and preserving your retirement savings, however, may give you more control over your financial...
WEEKLY QUOTE“The first time someone shows you who they are, believe them.” - Maya Angelou WEEKLY TIP The “buy now, pay later” mentality is a path to excessive debt. Save now and buy later instead. WEEKLY RIDDLE What do the letter T and an island have in common? ...
How will Congress resolve these issues? Decisions must be made. In the next couple of months, Congress will address several major tax matters. Here are the big questions looming. The Bush-era income tax cuts. Will the current 10%-15%-25%-28%-33%-35% federal tax rate structure give way to 15%-28%-31%-36%-39.6% tax...
What could play out in the near future? Will 2013 be as severe as some economists think? The fiscal cliff is getting closer and closer. How will Congress respond? In the worst-case scenario, Congress argues and deadlocks. Tax hikes and roughly $109 billion in federal spending cuts...
WEEKLY QUOTE“Intelligence without ambition is a bird without wings.” - Salvador Dalí WEEKLY TIP Self-employed? The annual deadline to set up a Keogh plan is December 31, and Keogh contributions for 2012 can be made up to the due date for filing your tax return. WEEKLY RIDDLE Victor is...
A summary of what you need to know. Medicare Open Enrollment has arrived. The open enrollment period begins October 15 and ends December 7, 2012. This is not only a period where you may enroll for the program, but also switch providers for your comprehensive health...
WEEKLY QUOTE“It’s not what happens to you that determines how far you will go in life; it is how you handle what happens to you.” - Zig Ziglar WEEKLY TIP If you want to leave your company on your terms, make sure you leave enough time...
Create a pool of healthcare dollars that will grow in any market. How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long...
What can married couples do to increase joint lifetime benefits? What is your “magic number”? Roughly half of retirees claim Social Security benefits at age 62, as soon as they become eligible. Some people delay benefits and postpone using their retirement savings as an income source....