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How President Biden’s Proposed Tax Plan Could Impact Your Estate

 This spring, President Joe Biden outlined a new infrastructure plan and American Families Plan to the tune of $4 trillion. In keeping with campaign promises, he plans to pay for these plans by raising taxes on corporations and Americans with…
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Reverse Mortgages Are Back in Style

One couple who wanted to live in a community for people 55 and older in an area they had always admired used a reverse mortgage to finance building their home in that development. The New York Times article, “The quiet…
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The Importance of Beneficiary Designations

THV11’s recent post, “The importance of beneficiary designations,” explains that designating beneficiaries is a very important part of the proper handling of many documents—like life insurance, retirement accounts, bank accounts and investment accounts. Each of these may ask you to…
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Personal Finance Myths Debunked!

You want to prosper by following tried-and-true principles of effective wealth creation and asset management—not myths passed down from older generations or heard around the office water cooler. Kiplinger’s “8 Urban Myths of Personal Finance” unravels several urban legends of…
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Attention Gen Xer’s: Mid-Life Planning is Calling

Generation X is hitting middle age! Bummer, to be sure. However, there’s still plenty of time to boost retirement security. If you need to get going, torque up your efforts to be on top when you retire. Kiplinger’s recent article,…
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Make That Required Minimum Distribution go Directly to Your Favorite Charity

Congress used to wait until the end of the year to extend the law that let people make a tax-free donation of up to $100,000 from their IRA. This left some folks scrambling to make the contribution before the RMD…
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Planning Ahead for Medicaid

The good news is that you’re going to live a long life. The bad news is that you may face the difficult transition of requiring nursing home care without having the assets to pay for this. If you have no…
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A New Era of Estate Planning

ThinkAdvisor's article, "New Estate Planning Strategies for a Post-Portability World," says that there may be many folks who've continued to rely upon their outdated, pre-2013 estate plans. This could easily lead to adverse tax consequences in the future. Reviewing a…
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