Retirement Planning

Paying the Estate Tax Bill

Posted by on August 25, 2015 at 8:36 am

The federal government will not accept a percentage of your estate as payment for your estate tax bill. Instead, your estate tax bill must be paid in cash, and it must be paid within nine months after your death. If your estate is subject to the federal estate tax, there are FOUR ways to provide […]

4 Points to Financial Literacy

Posted by on July 3, 2015 at 2:01 pm

Four key things to learn and know on your way to financial literacy. The difference between saving and investing: Some people think these are one and the same, but they’re not. The focus in saving is on preserving money that you accumulate over time. Money that is saved is typically “stored” in low-risk vehicles, such as fixed  […]

Pension Crisis is Still Here

Posted by on June 25, 2015 at 2:11 pm

I’m sure you’ve heard about the problem our country faces with “Social Security, corporate pensions, state pensions, county pensions, municipal pensions…virtually all defined benefit pensions.” The following abstracts from an industry publication really brought it home to me. OUR COUNTRY’S PENSION CRISIS IN A NUTSHELL – Pension plans that promise a specific benefit in the […]

AP analysis: More ‘phony numbers’ in reports as stocks rise

Posted by on June 10, 2015 at 11:47 am

That was a little noticed  headline in an Associated Press story on Monday June 8, by AP business writer Bernard Condon. Subtitled- Growing gap in profits raises concerns about ‘smoke and mirrors’ in earnings reports Even casual observers have noticed the almost uninterrupted climb of the major stock indexes.  Employee’s  quarterly statements, for the most part are […]

Probate Process for Your Estate

Posted by on May 18, 2015 at 2:16 pm

Probate is simply the Latin word for prove, which means that the estate probate process is the process by which your will is brought before a court to prove that it is a valid will. The courts charged with this responsibility are generally known as probate courts, which may actually supervise the administration or settlement […]

Remember Retirement When You Change Jobs

Posted by on March 25, 2015 at 10:01 am

WHEN YOU CHANGE JOBS You May Have an Important Decision to Make… What to do with your money in an employer-sponsored retirement plan, such as a 401(k) plan. Since these funds were originally intended to help provide financial security during retirement, you need to carefully evaluate which of the following options will best ensure that […]

Taxable VS. Tax Deferred Investments

Posted by on March 19, 2015 at 2:23 pm

How much would you have to earn each year from a taxable investment in order to equal earnings on a tax-deferred investment? This chart illustrates the potential benefits of a tax-deferred investment vs. a taxable investment. Annual Tax-Deferred Yield Federal Income Tax Bracket: 10% 15% 25% 28% 33% 35% Annual Taxable Equivalent Yield 3% 3.33% 3.53% […]

6 Steps to Financial Literacy

Posted by on February 23, 2015 at 4:34 pm

While you don’t have to become a financial expert, you should develop an understanding of financial concepts such as these: 1.  The difference between saving and investing: Some people think these are one and the same, but they’re not. The focus in saving is on preserving money that you accumulate over time. Money that is […]

The 3 Sources of Retirement Income

Posted by on February 19, 2015 at 2:57 pm

  What Are the Available Sources of Retirement Income? When you retire and your earning power ceases, you will have to depend on three primary sources for your retirement income:   Social Security According to the Social Security Administration, the average retired worker in 2015 receives an estimated $1,328 monthly benefit, about 40% of average […]

Understanding Required Minimum Distributions

Posted by on February 12, 2015 at 10:55 am

The primary  goal of most retirees is to have adequate retirement money they will not outlive.  This goal could conflict withthe objective of the required minimum distribution rule which is to ensure that the entire value of a traditional IRA or employer-sponsored qualified retirement plan account will be distributed over the IRA retiree’s life expectancy. The big question is what happens […]

Free Download- Managing Your Financial Life

Posted by on January 13, 2015 at 2:57 pm

Taking control of your finances and your financial future can help you reach your desired destinations in life. You want to control your finances, not let them control you.  You can do this by creating a strong financial foundation upon which you then build or live a satisfying retirement. The Managing your Financial Life guide […]

2015 Chart of Federal Individual Tax Rates

Posted by on January 8, 2015 at 9:17 am

Did you have a New Year dream that taxes disappeared? I didn’t think so. 2015 is here and will be over before we know it. Since taxes are fact of life we all must plan with them in mind. Here is a table/chart of 2015 Federal Income Tax Rates for Individuals to help plan ahead.  For […]

When a Loved One Dies…

Posted by on January 5, 2015 at 10:10 am

In order to relieve loved ones of additional stress, anxiety and expense at the time of a death in the family, consider recording as much information as possible in advance and providing copies to family members. Using our When a Loved One Dies Life Guide, you’ll be able to record and share the following information: […]

What Are the Implications of Dying Without a Will?

Posted by on December 2, 2014 at 10:46 am

People who die without a valid will, die intestate. In this event, the state in which they resided effectively provides a will through the state’s intestacy law. This means that the state dictates who will receive the estate owner’s property and in what proportion. While state intestacy laws do attempt to provide for a “fair” […]

What Is a Power of Attorney?

Posted by on November 10, 2014 at 11:14 am

Durable Power of Attorney What Is It? A power of attorney is a written document in which one person — the principal — authorizes another person — the attorney-in-fact — to act on the principal’s behalf. What Authority Is Granted by a Power of Attorney? The authority granted by a power of attorney depends on […]

Another Role for Life Insurance

Posted by on October 28, 2014 at 2:07 pm

Another Role for Life Insurance… The Wealth Replacement Trust The Problem: There can be significant tax advantages in giving appreciated assets to a charity. Examples include real estate and securities. If you were to sell an appreciated asset, the gain would be subject to capital gains tax. By donating the appreciated asset to a charity, […]

Why Should You Consider a Living Will?

Posted by on October 2, 2014 at 10:11 am

What Is a Living Will? “Living will” is a term commonly used to refer to a legal document available in most states that allows an adult to state in advance whether or not life-sustaining medical procedures should be used to prolong life when there is no chance for a reasonable recovery. Why Should You Consider […]

She Solved Her Retirement Needs. And So Can You

Posted by on September 24, 2014 at 10:20 am

Need retirement income you can’t outlive? Have coffee with Meg. Take a video break and learn how Meg uses a single premium immediate annuity (SPIA) to alleviate concerns about outliving her retirement assets and being unable to meet monthly expenses. Retire with Confidence People are living longer than ever before, meaning  that unpredictable market performance, higher  […]

Benefits of Retirement Plan In-Service Withdrawal Make Sense for You?

Posted by on September 3, 2014 at 11:00 am

You might know that you can move money from your employer’s qualified retirement plan to an IRA when you leave the employer.  But do you know you may be able to take advantage of this opportunity while still employed by the company?  There can be big benefits to this move. What is an In-Service Withdrawal? […]

What is the Marital Deduction?

Posted by on August 14, 2014 at 2:42 pm

What Is the Marital Deduction? The marital deduction (I.R.C. Sections 2056 and 2523) eliminates both the federal estate and gift tax on transfers of property between spouses, in effect treating them as one economic unit.  The amount of property that can be transferred between them is unlimited, meaning that a spouse can transfer all of […]