1. I will not confuse entertainment with advice. I recognize that the financial media is in the entertainment business and their message can compromise my long-term focus and discipline which in turn serves as the catalyst to making poor investment decisions. 2. I will stop searching...
Here is what you need to know for 2014. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take an initial IRA Required Mandatory Distribution (RMD). *April 15 is the deadline...
In the coming years, many Americans will face the challenge. 70% of people currently over age 65 will require some long term care someday. That is the estimate of the U.S. Administration on Aging, a division of the U.S. Department of Health & Human Services.1 Will...
Here are some things to consider. Be sure you understand your options. When the owner of an IRA passes away, his or her heirs must be aware of the rules and regulations affecting the inherited IRA. Ignorance could lead you straight toward a tax disaster. Please note...
WEEKLY QUOTE“You can be standing right in front of the truth and not necessarily see it, and people only get it when they’re ready to get it.” - George Harrison WEEKLY TIP The first step to saving money is to figure out where you are spending...
WEEKLY QUOTE“A friend is one who walks in when others walk out.” - Walter Winchell WEEKLY TIP See that the family member who will pay nursing home bills meets face-to-face with the person who handles billing for the facility. If there is ever a billing dispute or...
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...
Things you can do before and for 2013. What financial, business or life priorities do you need to address for 2013? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may...
How can you prepare, financially, for the uncertainties? Wildfires, hurricanes, terrorist attacks, floods, earthquakes … there are many disasters, both man-made and natural, that could happen without warning. For many, preparedness is a way of life. If you’ve lived all your life on a fault line,...
Gauging the economic and market impact of the storm. Hurricane Sandy’s fury has exacted a considerable and tragic toll. Even with the relief efforts now underway, it will be some time before things return to normal in many communities. How has Sandy impacted Main Street, Wall...