As financial advisors, people rely on us to provide direction regarding their financial well-being. Confusion can arise when the advice that we offer is not consistent with the news headlines, the “promising” strategies, the “surefire” bets and the sophisticated products being touted by the media. While we are always open to learning about potential opportunities…
DetailsFor those you who are on Medicare or who will be eligible for Medicare in 2017, the costs of Part B premiums may be substantially higher than they were in 2016. The issue, which also arose in 2015 and affected 2016 Medicare premiums has to do with what is called the Hold Harmless Rule. This…
DetailsThis summer already is destined to deliver plenty of uncertain outcomes. On the political front, there are the especially stark contrasts found among the US presidential candidates. For better or worse, whichever candidate prevails is likely to set the tone for the country if not the world. The “stay or go” uncertainty surrounding the June…
DetailsLast night, I was sitting at my 10-year old son’s little league playoff game. It was the last inning – bottom of the 6th – and we were up 5-2 with 2 outs and a full count on the batter. Our pitcher threw a curveball that coasted across the back corner of the plate –…
DetailsAnnual contribution limits for retirement savings accounts for 2015 and 2016, as established by the IRS, are listed below. Please keep in mind that contributions to Traditional IRAs, Roth IRAs, and SEP IRAs can be made up until the time your tax return is due, including extensions.
High earners who would otherwise be excluded from contributing to a Roth IRA may want to consider this strategy. If ever there were a tax-efficient saving vehicle, it is the Roth IRA. It can: Provide you with the double benefit of tax-free growth and tax-free withdrawals in retirement Is not subject to Required Minimum Distributions (RMDs)…
DetailsWhen a non-spouse is named the beneficiary of an IRA, he or she has several options as to how to receive the IRA inheritance. If the account holder was over 70 ½, the first thing that should be done, prior to making any distributions, transferring any assets or retitling any accounts is to make sure…
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