When saving for retirement, you’re probably aware of the benefits of using tax-preferred accounts such as 401(k)s and IRAs. But you may not be aware of another type of tax-preferred account that may prove very useful, not only during your working years but also in retirement: the health savings account (HSA). Continue reading “Hidden Gem: HSAs in Retirement”
Coronavirus Aid, Relief and Economic Security Act
Stay tuned right here for more information, on this unprecendented relief act, one that will allow you to defer your RMDs and for those under 59 1/2, take a hardship distribution from their retirement savings, without penalty.
U.S. savings bonds were once so popular — and so often tucked away — that an estimated $25 billion in matured savings bonds have never been claimed. These bonds have been caught in a prolonged legal battle between the federal government and states that want to take control of the bonds on behalf of their residents.1 Continue reading “Where to Look for Lost Property”
What is debt and how is it classified for divorce purposes?
Like property, debt is classified as marital or separate. In general, both spouses are responsible for any debts incurred during the marriage. It doesn’t matter which party actually spent the money. When the property is divided at the time of divorce, it’s often the case that the person who gets the asset also gets the responsibility for paying any indebtedness secured by that asset. Even if your spouse agrees to take over the debt, joint obligors on a loan will remain jointly responsible. That is, the creditors can seek payment from either of you. Continue reading “Divorce and Debt”
I wanted to post a new article on this fifth day of market tumult.
Fears of a pandemic over the continuing spread of the coronavirus, coupled with the worries over disruptions to the global supply chain, seem to have resulted in panic selling.
Please see attached an article from Brian Wesbury, Chief Economist with First Trust, as well as a chart showing S&P 500 Index Price Performance since 1980 with impacts from major outbreaks or epidemics.
Please feel free to contact us if you have any questions or concerns!
Time to Fear the Coronavirus?
Epidemics – 2020
Mark Twain once said, “History doesn’t repeat itself, but it often rhymes.”
With that in mind, I want to share some historical perspective which may help us look forward at this new virus, and what it may mean from an investment perspective. Please follow this link from one of the industries leading partners, at Morningstar. 2020_Coronavirus
If you have any questions, please do not hesitate to reach out to us.
A prenuptial agreement (also known as a premarital agreement, antemarital agreement, or prenup) is a binding contract executed by prospective spouses to define the rights, duties, and obligations of the parties during marriage and in the event of legal separation, annulment, divorce, or death. Continue reading “Love & Marriage – Prenuptial Agreements”
Planning for Marriage
What is it?
Planning for marriage encompasses more than just deciding whether to serve chicken at the reception and whether you should take a honeymoon cruise. If you are planning for marriage, you are faced with the enormous responsibility of combining your personal finances with your spouse’s and reassessing the way you and your spouse structured personal finances as unmarried individuals. Continue reading “Love, Marriage & Money”
If you don’t really know what you’re looking for in a home, how do you find the right one? Careful planning and consideration of your options can help ensure that you will be happy with the one you select. You may decide that buying a traditional, single-family home is not your best bet. A condominium or a cooperative may better serve your needs. Or, you may decide that building a new home may be the only way to get what you want. Whatever type of home you end up looking for, your selection should be based on an educated decision. Continue reading “Finding the Right Home”