Finance Decoded

November 8, 2018

November is Long-term Care awareness month. How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, continuing reading "How much do you really know ...

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A qualified charitable distribution, or a QCD, is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. Under the new tax law, QCDs are more valuable than ever. Using a QCD may significantly increase your tax savings under ...

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Can IRAs be used to benefit a charity? IRAs can be a great source of funds to provide a benefit for a charity.This holiday season, you may be considering using your IRA to benefit your favorite charity. If you decide to do so, there are certain traps you should avoid to maximize benefits to both ...

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Life insurance and Roth IRAs have a basic structure in common: they are both wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. Despite their similarities, life insurance and Roth IRAs are very different, and ...

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October 16, 2018: Is Now the Right Time to Go Roth?  Some say yes, pointing to the recent federal tax reforms. Will federal income tax rates ever be lower than they are right now? Given the outlook for Social Security and Medicare, it is hard to imagine them falling much further. Higher federal ...

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One of the most important decisions you’ll make about your retirement is when and how to receive your Social Security benefits, but it’s crucial to understand potential tax implication prior to doing so. For many retirees that will have additional sources of income in retirement, Social Security ...

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As the Baby Boom generation ages, advisors increasingly will be working with clients in the distribution stage of their portfolios. Advising on IRA distributions can be more challenging than advising on accumulation. If clients save substantial amounts, invest in a well-diversified portfolio, ...

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It’s important to identify the myths of income planning, which are roadblocks to your financial success. Social Security Myth: “Social Security starts at age 62!” The Truth: That’s true – now. But that doesn't mean the federal government won’t one day raise the minimum age – or reduce benefits ...

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Investors are asking if they should buy bitcoin or invest portions of their retirement funds in the cyber-currency. The air is filled with hype: bitcoin is “unstoppable,” it is “the answer,” it is “the future.” But it may also be heading for a crash. Here are a few tips before investing in ...

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Do you want access to money from your retirement accounts but aren't sure of the real costs involved? Most retirement accounts have a set age requirement you must reach before making penalty-free income distributions, which is usually 59.5 but can sometimes be as early as age 50. If you decide ...

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As you plan for the future, don’t leave out one of the most overlooked must-do’s: naming the beneficiaries of your retirement assets. Updating your beneficiary forms ensures that the legacy you worked so hard to build will be distributed correctly. Don’t delay -- the designations on your ...

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It’s important to identify the myths of investing, which are roadblocks to your success as an investor. Stock Picking Myth: “Stocks can be bought and sold in advance of their future price movement.” The Truth: On average, 80 percent of all professional stock pickers fail to beat their ...

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