WEIGHING THE PROS AND CONS OF LTC INSURANCE

By | June 14th, 2021|Accounting and Auditing, Business, Retirement|

The COVID-19 pandemic has significantly affected our lives in many ways that are still playing out.  For example, it has served as a reminder of how difficult an unexpected medical crisis can be to manage financially.  It’s also reinforced the importance of guarding against the risk of such crises before they arise. In this context, [...]

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BOLSTER WEALTH MANAGEMENT WITH TRUSTS

By | May 3rd, 2021|Accounting and Auditing, Estate planning, Retirement, Taxation|

Trusts can be a useful tool for affluent individuals and families when it comes to wealth management, protection and growth.  But there are a wide variety to choose from, so it’s important to clearly understand the benefits and limits of a trust before choosing any one type. WHAT’S A TRUST? A trust is a legal [...]

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INTRAFAMILY LOANS AND A FAMILY BANK

By | December 14th, 2020|Accounting and Auditing, Estate planning, Retirement, Taxation|

Among the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death.  But what if you want to use that wealth to help a family member in need while you’re still alive?  This has become an increasingly common and pressing issue this year [...]

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CATCHING UP ON CATCH-UP CONTRIBUTIONS

By | November 16th, 2020|Accounting and Auditing, Estate planning, Retirement, Taxation|

When it comes to retirement planning, many people tend to focus on two things: opening a retirement savings account and then eventually drawing funds from it.  However, there are other important aspects to truly doing everything you can to grow your nest egg. One of them is celebrating your 50th birthday.  This is because those [...]

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TALKING ABOUT THE SANDWICH GENERATION

By | October 26th, 2020|Accounting and Auditing, Estate planning, Retirement, Taxation|

The term “sandwich generation” was originally coined to describe Baby Boomers caught between caring for their aging parents and their children.  Now the term applies to whichever generation happens to be grappling with the problem.  If you’re in the middle part of the sandwich, one thing that can help is having one or more honest [...]

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THE PROS AND CONS OF NQDC PLANS

By | October 5th, 2020|Estate planning, Retirement, Uncategorized|

Nonqualified deferred compensation (NQDC) plan allow participants to set aside large amounts of tax-deferred compensation while enjoying the flexibility to schedule distributions to align with their financial goals.  However, the plans also pose substantial risks.  If your (or a prospective) employer offers an NQDC plan, or you’re considering one for your business, weigh the pros [...]

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