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| Elder care issues - planning for today and tomorrow |
| Wednesday, May 21, 2008 |
| These days, it is not unusual for many people to live 20 or more years beyond normal retirement age. When seniors reach their eighties and nineties, plans that were satisfactory at age 65 may require a second look. Some areas of special concern to older seniors and to individuals with aging parents or loved ones are: Asset Management, Health Care, and Living Arrangements. It is wise for aging seniors and/or family caregivers to periodically review existing financial, health care, and living arrangements. In the transition to the later stages of life, fresh needs and concerns may call for revisiting plans made at an earlier age.
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| Get the most from your pension distribution |
| Wednesday, October 3, 2007 |
| Life insurance can enable you and your spouse to reap the full benefits of your pension. Taking the steps now to help maximize your pension income and enhance the flexibility of your options can help ensure that you and your spouse will have the resources you need in the future. If you are married and entitled to an employer-sponsored pension, there is often a very important decision that you may need to make. Many pension plans require you to choose between at least two monthly pay-out options: "Life Only" or "Joint and Survivor". The decision you ultimately make regarding these options can have a significant effect on your retirement. What's the difference between these two pay-out options and which one is right for you? Click for more info.
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| "Bond" with your investment portfolio |
| Thursday, August 23, 2007 |
| The bear market that began in 2000 and lasted several years served as a sharp reminder to investors that filling a portfolio with stocks carries a high level of risk, especially in the short term. Bonds are commonly seen as relatively stable, investment alternatives. Your personal risk tolerance is a good guideline for deciding the percentage of bonds you want in your portfolio. Some practical reasons to own bonds include the fact that they may generally carry less risk than stocks and, in the case of municipal bonds, the income may be free from state or federal taxes. In addition, bonds can be timed to mature when money is needed for a specific purpose, such as to pay for college or retirement.
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| Despite complicated rules, it's still easy to give financial gifts to your grandchildren |
| Wednesday, May 9, 2007 |
| If you wish to financially help your grandchildren or great-grandchildren, there are certain tax issues you need to consider. There is a generation skipping transfer (GST) tax that applies only to wealth transfers to individuals more than one generation beyond you --- that is, your children's children and all the children who follow. This will not affect most people since the GST is only triggered if you make direct lifetime gifts of more than $2 million (2006-2008) or over $3.5 million in 2009. In 2010, the estate tax will disappear entirely for one year. Then it is scheduled to come back. This uncertainty makes planning complex. Despite possible tax issues, it is relatively easy for generous grandparents to help out their loved ones.
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| Plan today for a more secure retirement tomorrow |
| Tuesday, April 3, 2007 |
Defined benefit, defined contribution, non-qualified deferred compensation: which type of plan is right for your business? Have you planned for your own retirement and that of your employees? Several options are open to small business owners who want to start a company retirement program. Each has advantages and disadvantages. Selecting the best-suited plan is a matter of considering funding costs, tax consequences, administrative requirements and, of course, the needs of your company and employees. A little planning today can make a world of difference. Click through for information about the differences between the plans available to you so that you can make the best decision for your future and your employees' future.
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| HSAs may be the solution to help you cover your growing medical expenses |
| Wednesday, February 14, 2007 |
| Health Savings Accounts (HSAs) are designed to help you save for future qualified medical and retiree health expenses on a tax-free basis. On December 20, 2006, President George W. Bush signed the Health Opportunity Patient Empowerment Act of 2006, enhancing our access to these tax-advantaged health care savings. The law provides additional opportunities for HSA participants to build up funds, adding flexibility and making it easier for you to put money aside to cover your personal health care costs. If you don’t have an HSA, now is the time to take a look at these cost-saving vehicles. If you already have an HSA, there are some new guidelines that could help you save even more. Click through for a detailed, easy-to-follow Frequently Asked Questions dialogue that describes HSAs and the new provisions that facilitate savings.
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