Avoiding Tax on Your Social Security Benefits

Month: March 2013

March 22, 2013  |  

Avoiding Tax on Your Social Security Benefits

Understanding how Social Security benefits are taxed has always been a question on many retirees’ minds. As you might have guessed with the complicated tax code, the tax on your Social Security benefits can vary greatly. Did you know that up to 85% of you benefit could be taxed depending on how much income you have? If you are married and filing a joint tax return and your combined income is between $32,000 and $44,000, […]


March 15, 2013  |  

Are You At Risk?

Many wealthy individuals and families lack adequate liability insurance coverage, according to a report recently released by Ace Private Risk Services. In the study, they found that many families are poorly prepared for lawsuits and other liability losses. They have too little insurance coverage or in some cases, no coverage at all. Most people underestimate the cost of potential damages as well as failing to realize the affordability of effective protection. Part of the problem with a lack […]

March 8, 2013  |  

Traps That Successful Investors Avoid: The Yield Trap

Smart people sometimes fall into traps when they invest. There are plenty of seductive pitches out there. That’s why this series of posts is about traps that successful investors avoid. My goal is to help you recognize traps and to establish good habits that will drive your financial success. When interest rates are low, products with relatively high yields hold great appeal. It’s natural. However, investors often act without an understanding of the investments risks. […]

March 5, 2013  |  

Understanding Sequestration

If you like political drama, you’re in luck. It seems like just yesterday the news was filled with references to the fiscal cliff. Now, sequestration dominates the headlines. Look for more political confrontation to unfold as sequestration gets under way. What Exactly is Sequestration? Sequestration refers to a series of automatic, across-the-board spending cuts to federal government agencies that are scheduled to take place in fiscal years 2013 through 2021. The cuts, totaling $1.2 trillion, […]