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Feb 02

Beyond Benchmarks: Alternative Methods of Measuring Your Portfolio’s Results

This article looks at several ways to measure investment portfolio performance. The traditional method is to compare results with those of a relevant market index. However, some investors may be better off considering risk-adjusted results or even follow a goals-based approach.

Jan 10

How to Shift Income to Family Members and Save Money

This article discusses a strategy on how individuals who own their own business can reduce their income while helping their children get a head start on saving for retirement. A Sidebar discusses the problem of capital gains trapped in non-grantor trusts and possible solutions for liberating them.

Dec 02

Even You May Benefit from a Reverse Mortgage

Higher net worth individuals may be able to use a reverse mortgage for estate and tax planning. This article discusses reducing the value of a taxable estate by using reverse mortgage funds to make annual exclusion gifts, fund college savings plans or buy a life insurance policy.

Oct 26

Protect Yourself from Tax Identity Theft

Tax identity theft is a serious problem, and is only getting worse. This article provides information on the number and types of tax identity fraud incidents as well as tips for avoiding becoming a victim. For those whose identity is stolen, the article explains how to limit the damage.

Sep 20

Paying for College: How to Avoid Costly Financial Aid Mistakes

This short article provides pointers to help parents of college-bound students avoid mistakes and maximize amounts when applying for financial aid. Tips involve filing the right forms, prioritizing schools and knowing who is responsible for submitting applications when parents are separated and divorced.

Aug 31

Combining Charitable Remainder Trusts and Life Insurance

Because the estate tax exemption currently tops $5 million, fewer people need life insurance to provide their families with the liquidity to pay estate taxes. But life insurance can still play an important part in your financial plan, particularly in conjunction with charitable remainder trusts (CRTs) and other charitable giving strategies.

Jul 07

Tax Tip: Miscellaneous Expenses Can Add Up

If you itemize your deductions instead of taking the standard deduction, you may be able to deduct certain miscellaneous expenses that can reduce your taxable income. As this article explains, they must add up to more than 2% of your adjusted gross income (AGI) to be deductible. The article also talks about a second category of miscellaneous expenses that are not subject to the 2% rule.

May 13

Making Meaningful IRA Contributions is Easier Than Ever

This article encourages people who may have dismissed traditional IRAs in the past to take a fresh look at them. It explains that income limits for deductibility and maximum annual contributions are more generous. The article also talks about the benefits of investing in Roth IRAs. A Sidebar notes that, effective for IRA withdrawals taken in 2016, individuals can execute only one traditional IRA rollover in a 365-day period.

Apr 14

Buy-Sell Agreements Help Resolve Your Future Problems

Anticipating the future is one of the major responsibilities of business owners.  When a business is faced with uncertain questions, such as “What if we do not get the loan?” or “What if we lose our biggest account?” or “What if a co-owner dies, becomes disabled or retires?” then the owner needs to make a… Continue reading »

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