While the idea of retirement has changed, certain financial assumptions haven’t. We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all leisure....
A look at some financial changes & the opportunities they may present. Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b) and 457 plan annual contribution limits rise slightly to $17,000,...
WEEKLY QUOTE“Being brilliant is no great feat if you respect nothing.” – Johann Wolfgang von Goethe WEEKLY TIP If you’re thinking about selling a business, consider contacting a business broker, one that represents companies similar to yours. It may make finding an appropriate buyer easier. WEEKLY RIDDLE What is worn by the foot...
WEEKLY QUOTE“You must do the thing you think you cannot do.”– Eleanor Roosevelt WEEKLY TIP It may be a good idea to make your 2012 IRA contribution at the start of the year, rather than waiting until the tax filing deadline of the following year. That way the contributed...
Two federal tax reform proposals could make them less attractive. Our federal government needs to reduce its massive deficit - and among the many revenue-generating ideas being discussed in Congress, two in particular could have disturbing consequences for employees saving for retirement. There is no need to...
The 2011 changes will be followed by more in 2012 and 2013. Have you bought any stocks this year? Before you sell any of them, remember that the IRS implemented new tax basis reporting rules for equities on January 1, 2011. Under the new rules, you...
A way to give without a great deal of bureaucracy. So, you’d like to make some major charitable contributions, but you don’t want to create a family foundation - with its paperwork and management commitment and the possibility of squabbles. Is there an alternative? Yes, there is....
Two-thirds of us have no financial plan for retirement. 64% of Americans have no retirement financial strategy at all. That’s right – no plan whatsoever to build wealth or keep it . That finding comes from the 2009 National Consumer Survey on Personal Finance conducted by...
While the idea of retirement has changed, certain financial assumptions haven’t. We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all leisure....
A summary of what you need to know. Don’t wait until New Year’s to join a Medicare plan. The open enrollment period ends early this year, and many Medicare beneficiaries may not realize it. In fact, 97% of seniors in a recent poll conducted by UnitedHealthcare...