Category Archives for Current Affairs
9 Top Questions (and Answers) on the SECURE Act
If you are at or nearing retirement age or planning for retirement, there is some BIG NEWS that everyone needs to understand and act on for their own retirement planning. Just this month, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed by the House of Representatives and the US Senate by […]
Continue readingWhy You Would Want a 529 Plan for You and Your Kids
The buzz has been out there now for a little while but there is still a lot of confusion about 529 Plans when I speak to parents. As with anything relating to investments or potential tax savings, things aren’t always as clear as we would like them to be. And there are lots of people […]
Continue readingAre You Taking Advantage of the 199A Tax Deduction?
Since it went into effect on January 1, 2018, our law office has been receiving a LOT of inquiries about the new IRC §199A deduction. Most don’t understand it and those that do aren’t sure exactly how to take advantage of it, or if it even applies to them. Allow me to try and simplify […]
Continue readingWhat is a “DAPT” and Why You Should Care About It
Let me start by defining what “DAPT” stands for…Domestic Asset Protection Trust. Still confused by what it means? Many are as it isn’t something that is simple and easy to understand in the first pass. I will hopefully help you understand it better and offer you some ideas on how it can be used so […]
Continue readingThe Benefits of Having a Power of Attorney in Place
POAs are legal documents that allow you to name an “agent” (also sometimes referred to as an “Attorney-in-fact”) to act on your behalf for financial or health care decisions. They are key components of any estate plan
Continue readingFathers Strive to Protect Their Families…An Estate Plan Helps
Despite how it safeguards their families, many men avoid will-writing and estate planning. What is it that makes them so hesitant to do it
Continue reading4 Social Security Slips You Should Avoid
Social Security provides valuable benefits, and it’s important not to waste the opportunity to get them. However, given just how complex it is to evaluate your Social Security benefits, it’s not surprising that some people make mistakes
Continue readingThere are Certain Financial Areas that need to be Taken Care of Before the End of the Year
New Year’s Eve is far away. However, it’s never too early to organize your finances for the end of the year. Do it while there’s still plenty of time to increase your retirement nest egg, lower your taxable income and avoid tax penalties
Continue readingDigital Accounts Needs to Be a Part of Every Estate Plan
Digital assets, including banking and investing accounts, e-mail accounts, photos, blogs, bitcoins and money accounts, such as PayPal, are usually password protected. Some of them have real value and others might have sentimental value to heirs
Continue readingCan You Still Participate in Philanthropy During Your Retirement Years?
Spending generally declines during retirement for most budget items, but charitable giving tends to buck this trend
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