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Topic:
Tax Planning
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Buyer Beware: What Do You Get From Your Advisor?
Although I have never been to Thailand, I have read that you cannot go more than a few feet in a typical town market without someone yelling, “same same.” It is the vendor’s way of telling you that what they offer is the same as everyone else, thus encouraging you to end your comparison shopping…
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‘What a Great Company! I’ll Buy the Stock!’ How to Decide If You Really Should
If you’re managing your own portfolio, there are temptations that can lead you astray, cause you to veer away from the investment strategy you’ve settled on, and cost you a lot of money. For example: sooner or later, you’re bound to hear a story about a company that’s headed for success—a great investment. The tip…
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New Year Financial Resolutions
Another year is beginning and it creates a new set of financial and tax planning strategies. Plan for your required minimum distribution (RMD) The new tax law just changed the first year of your required minimum distribution from age 72 to 73. If you are turning 72 next year, you will now be able to…
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Turning Age 72 With An IRA Account – What You Need To Know
The year you turn 72 is the year you have to start taking distributions from your retirement plans and there are several decisions you will need to make once this process starts. Making sure you do start taking distributions is very important since the IRS imposes a 50% penalty on funds that are not withdrawn…
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The Dilemma of Two Homes
Downsizing your home is a big decision. What if you find your ideal home but haven’t sold your current one? This can be quite stressful, since you don’t want to lose out on the new property but may not be able to sell your existing property fast enough. The first place you may want to…
