WEIGH THE TAX IMPACT OF INCOME VS. GROWTH WHEN INVESTING

By | March 11th, 2019|Accounting and Auditing, Estate planning, Retirement, Uncategorized|

As the 2018 tax-filing season heats up, investors have much to consider.  Whether you structured your portfolio to emphasize income over growth – or vice versa, or perhaps a balance of the two – will have a substantial impact on your tax liability.  Let’s take a look at a couple of the most significant “big [...]

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THROWING SNOWBALLS AT YOUR MOUNTAIN OF DEBT

By | February 25th, 2019|Accounting and Auditing, Estate planning, Retirement|

 Many people start the year intending to get out of debt, yet end the year owing just as much, if not more.  One approach that might yield success is called “throwing snowballs.” Under this method, you organize your debts from the lowest balance to the highest balance and begin paying off the debt on top [...]

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7 WAYS TO PREVENT ELDER FINANCIAL ABUSE

By | January 28th, 2019|Accounting and Auditing, Estate planning, Retirement|

As tax season ramps up, so do the efforts of scam artists looking to steal people’s financial data and money.  Such fraudulent activities often target older adults.  Whether you’re in this age bracket or worry about senior parents and other relatives, here are seven ways to prevent elder financial abuse: Keep both paper and online [...]

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Installment Sales A Viable Option For Transferring Assets

By | January 7th, 2019|Accounting and Auditing, Estate planning, Retirement, Taxation|

Are you considering transferring real estate, a family business or other assets you expect to appropriate dramatically in the future? If so, installment sale may be a viable option.  Its benefits include the ability to freeze asset values for estate tax purposes and remove future appreciation from your taxable estate. GIVING AWAY VS. SELLING From [...]

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An Intrafamily Loan Is Worth Careful Consideration

By | December 10th, 2018|Accounting and Auditing, Estate planning, Retirement, Uncategorized|

Lending money – rather than giving it – to loved ones is an idea worth considering.  Perhaps you’re not ready to part with your wealth.  For example, maybe you’re concerned about having enough money to fund your retirement or you feel that your children aren’t ready to handle the responsibility. HOW DOES IT WORK? The [...]

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IS NOW THE TIME FOR SOME LIFE INSURANCE?

By | November 19th, 2018|Estate planning, Retirement, Taxation|

Many people reach a point in life when buying some life insurance is highly advisable.  Once you determine that you need it, the next step is calculating how much you should get and what kind. CAREFUL CALCULATIONS If the coverage is to replace income and support your family, this starts with tallying the costs that [...]

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