Estate Planning – Incapacity As we live longer the real issue becomes not death, but incapacity defined as the inability to mange his or affairs. Incapacity could be medical or mental issue depending on ones personal circumstances thereby rendering one unable to execute financial matters. An individual must have “sound mind” in order to [...]
Browsing Posts published in June, 2012
Qualified Longevity Annuities The IRS has proposed new rules concerning qualified longevity annuities which will enable IRA account holders the ability to manage their pace of distributions. The purpose is to alleviate the fear of outliving ones retirement assets. What this means is the fact you will be able to purchase certain annuity contracts [...]
How to Invest in Metals The four primary methods for investing in metals are: Physical holding Futures & options Exchange Traded Funds (ETF’s) Mining Stocks The first option is to buy and physically hold the actual metal in bars or coins. The downside is you have to deal with the liquidity aspects of holding the [...]
Bond Market Basics A bond is a loan issued by an individual or investor to a company or a government. The bond issuer pays income in the form of interest payments that are made at a predetermined rate and schedule. The interest paid on a bond is often called a “coupon” and the date [...]
IRS Tax Audit Tip If you are faced with a tax audit with the Internal Revenue Service (IRS) the first thing to remember is to calm and focused on the task at hand. A common mistake in an audit is to offer too much information that wasn’t required or asked by the IRS auditor. [...]
Warren Buffett’s Investment Strategy Have you ever wonder how Warren Buffett been so successful over the years when it comes to selecting stocks? Many believe he has been the most successful investor in history. Below are his key factors when making investment decisions: When investing realize that the overall market moves in both directions, however [...]
Medicare – Possible Changes Congress is looking for ways to control Medicare expenses by making changes to the current Medicare system. Currently Medicare eligibility begins at age 65 thought congress is looking to raise the eligibility to age 67. This provision is aimed at bringing Medicare in line with Social Security benefits starting at [...]
REASONS TO REVIEW YOUR ESTATE PLAN The short list is just a sample of the reasons to review your estate plan: Plan has not been reviewed for five (5) years. Desire to make lifetime gifts; even if you think you have used up your lifetime gift tax credit Failure to have any plan. New [...]
What is the True Inflation Rate? According to the US government inflation has moved downward the last several months, but has it really? The price at the gas pump is falling but still quite high. Have you notice the grocery bill lately? Unless your main transportation is a bicycle, you’ve certainly noticed more pain [...]
