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Summary of the Biden Administration’s Proposed Federal Tax Changes

28th Sep, 2021

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Summary of the Biden Administration’s Proposed Federal Tax Changes

From: www.legacyplanninglawgroup.com

Summary of the Biden Administration’s PROPOSED Federal Tax Changes. On Monday, September 13, a tax bill was sent to the House Ways and Means Committee. Notably, there was no proposal to kill basis step up or to repeal the SALT deduction limitation. Here is a summary of the Biden Administration’s proposed federal tax changes:

Estate Planning Reduces Stress During High Anxiety Times

21st Sep, 2021

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Estate Planning Reduces Stress During High Anxiety Times

From: www.aaepa.com

Everyone who lived through September 11, 2001, shares a common experience. Although colored by our individual circumstances, we remember looking at the horrific images of destruction and misery and wondering why this tragedy occurred. Since that fateful day, Americans have flocked to churches, synagogues, mosques, and other places of worship seeking answers to questions regarding the meaning of life and the…

Beware of the Tax Traps in Retirement

13th Sep, 2021

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Beware of the Tax Traps in Retirement

From: www.kiplinger.com

The stage is set for higher tax bills and surcharges for retirees, if they’re not careful. From RMDs to taxes on Social Security and higher Medicare premiums, watch out for these three traps.

More people are going to retire in the next 15 years than have ever retired in the history of our country. By 2030, the Census Bureau projects we’ll reach the…

Inherited a Traditional IRA From Your Spouse? Here Are Four Options

6th Sep, 2021

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Inherited a Traditional IRA From Your Spouse? Here Are Four Options

From: www.retirement.tips

If you lose your husband or wife, the last thing you’ll want to deal with is making decisions about what to do with assets they left to you.

While it’s not something that any of us like to think about, understanding your options ahead of time can simplify your life, help you avoid undesirable tax consequences, and let you…

For The First Time, Hyperbaric Oxygen Therapy Proven to Reverse Biological Aging in Humans

23rd Aug, 2021

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For The First Time, Hyperbaric Oxygen Therapy Proven to Reverse Biological Aging in Humans

From: aviv-clinics.com

A landmark study in Israel has found that hyperbaric oxygen therapy (HBOT) reverses two key biological signs of aging in humans – the first study to ever make this finding. Published in the peer-reviewed journal Aging, the study shows that it is possible to target and reverse the aging process at the basic cellular-biological level….

Smart Ways To Move Clients’ Assets To A Tax-Free World

23rd Aug, 2021

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Smart Ways To Move Clients’ Assets To A Tax-Free World

From: www.fa-mag.com

Change is in the air. And since the tax law is involved, you can be certain that “change” doesn’t mean the final version.

At the moment, no one knows for certain what will happen to taxes in the United States, but people do know rates are far more likely to increase than decrease. In the immortal words of Jimmy the…

18th Aug, 2021

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By Ted James

While planning for long-term care for yourself or a loved one can be emotionally challenging, doing so can help reduce stress and minimize financial strain. Anticipating, preparing for, and financing long-term care seem like a daunting process; however, a little research and preparation, as laid out here by Retirement & Estate Advisors & Professionals (REAP), can make this process much easier.

Financing

As the Association for Long Term Care Planning notes, it is…

Why You Should Be a Risk-Taker

27th Jul, 2021

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Why You Should Be a Risk-Taker

From: www.morningstar.com

Since you can’t really avoid risk, you might as well take control of the situation.

Risk, it seems, is a four-letter word.

That’s true in the literal sense, of course. But it’s also no stretch to say risk carries a negative connotation for investors. True, the market is clipping along in 2021 (the S&P 500 is up more than 8% as of early April, on…