After living in the house for over fifty years, Harry and Sally's love for the home wasn't the only thing that appreciated – so had the value! Sally's realtor priced it at $750,000. It was time to paint not only the trim, but also time to trim the tax liability!... Read More
You've probably heard the chatter regarding tax law changes, and while we don't know what will pass, we do know that current estate tax exemption amounts will sunset in 2026. So if you have a large es... Read More
My client was rightfully concerned when recently notified that his long-term care insurance premiums could increase by 503% if he didn’t make adjustments to his policy. Should he keep the coverage as-... Read More
Contributions to a 529 Plan by grandparents can be a win for everyone – kids have additional funds for college and grandparents may get tax benefits. But be careful; there is more to it than just cont... Read More
Curious to know how the second round of Coronavirus stimulus can provide you some personal income tax relief? It's not all stimulus checks and PPP2. Did you know that you can carry forward unused Flex... Read More
Did you take your required minimum distribution (RMD) from your retirement account and now regret it? According to IRS Notice 2020-51, if you did take your RMD, there is still time to replace that dis... Read More
What happens if you named a trust as beneficiary of your IRA? With the passage of the SECURE Act in 2019, Ed Slott, a recognized IRA specialist, claimed that he could sum up the legislation’s effect on IRA trust planning in two words: “not good.” It may be time to review, rethink, and revise. What […]... Read More
The “Setting Every Community Up for Retirement Enhancement” Act of 2019, better known as the SECURE Act, was approved by the Senate on December 19, 2019, and signed into law on December 20 by Presiden... Read More
So, you’ve traveled “over the river and through the woods” to your parent’s or grandparent’s house for Thanksgiving only to discover that your loved one needs assistance. You’d rather watch the footba... Read More
If you’re nearing retirement age, health insurance and Medicare are probably on your mind as well. Do you understand how Medicare works and how the monthly premium is determined? You need to be in ...... Read More
