A Checklist for Your Loved Ones

Month: December 2016

December 30, 2016  |  

A Checklist for Your Loved Ones

Now is the time of year that many of us are updating (or procrastinating about) our estate plans.  A carefully crafted estate plan can be one of the greatest gifts you can give to your loved ones. Leaving behind a plan that clearly indicates where your important documents are kept can make it easier for your survivors to carry out your wishes. While you may want to consult with your legal, tax and financial advisors, […]

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December 28, 2016  |  

Choosing an IRA Beneficiary? Choose Wisely…

Key Takeaways Your choice of beneficiary(s) for your IRA can have major tax consequences. Choose wisely with your advisor’s counsel. Leaving your IRA to an individual is a simple and flexible solution. Leaving your IRA to a trust is more complex and requires the advice of an experienced estate attorney. How do I choose the right beneficiary for my IRA? That can be a bit of a trick question. Choosing a beneficiary(s) for your IRA […]

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December 22, 2016  |  

‘Tis the Season: Donor Advised Funds

It’s that time of the year again.  As year-end approaches, we get many calls and questions about giving to charity.  A donor-advised fund offers an easy way for a donor to make significant charitable gifts over a long period of time. It’s similar to a private foundation but requires less money, time, legal assistance, and administration to establish and maintain. A donor-advised fund also enjoys greater tax advantages than a private foundation. What is a […]

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December 19, 2016  |  

Potential Upcoming Tax Changes: What You Need To Know

I recently attended a Year-end tax seminar put on by Kreischer Miller, an independent accounting firm in Horsham.  While some would rather endure a form of torture than attend a tax conference, I was looking forward to hearing about how a CPA firm is evaluating potential tax changes under the Trump administration.  I thought I’d share a few of my major takeaways from the conference, which are below. We’ll be keeping a close eye on […]

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December 7, 2016  |  

How Can I Find My Old 401(k) Account?

Key Takeaways Don’t overlook 401(k)s from past jobs. The account value is probably still growing and the money is rightfully yours in retirement. You can roll over an old 401(k) into a personal IRA and often into your new employer’s 401(k) without penalties or tax consequence. The Labor Department and Pension Benefit Guaranty Corp. are two of the free resources you can tap to help you locate 401(k)s from past jobs. People move through their […]