The Commissioner of Social Security announced that an online version of the Social Security Statement is now available.
Under federal law, there are normally three taxes that are imposed on the transfer of assets: 1) the gift tax; 2) the estate tax; and 3) the generation-skipping tax.
Sep 26, 2011|
One of the best investments you can make for yourself, as a member of the working class, is to obtain more education and training in your chosen line of work. In today’s weak employment climate, which may last for several years, having top notch skills is very important.
May 02, 2011|
If you’re just starting out, here are some options for getting ahead financially if you take advantage of them now. Many of the changes that someone still in college or just beginning a career can make are small, but when you are young, little decisions have a way of multiplying. Savings you start now can accumulate to quite a bit in a decade or two, while the seemingly modest debts you run up now can quickly become a huge burden in an economic downturn.
Jan 17, 2011|
As thousands of baby boomers turn 65 this year, many are concerned about their finances. Boomers in general have seen the market value of their homes decrease, their personal stock portfolios and 401(k)s value fall considerably, and many companies no longer offer pensions for retirees to fall back on.
Sep 14, 2010|
If you leave your company, what happens to your retirement assets? Moving your assets into a rollover IRA can help you keep the same tax deferral benefits and you gain more control of your investments. It’s definitely an option worth exploring with your financial advisor, but it isn’t the only road you can take.
Aug 22, 2010|
All consumers should have their life insurance policies reviewed if they have had them for more than a few years. Some universal life policies that were based on projections made when the economy was stronger may be “underwater” and may need more robust premium payments to sustain them over the long term. Premiums of other policies may be based on old tables measuring life expectancy. In this instance, individuals may be able to lower premium payments or increase the death benefit.
Jul 30, 2010|
In October 2008, President Bush signed into law that FDIC insurance coverage on bank accounts would be temporarily increased from $100,000 to $250,000 per depositor and per beneficiary of a Revocable Trust. The temporary increase was just to last until December 2010.