Preventing Financial Elder Abuse – Part I

Month: June 2017

June 28, 2017  |  

Preventing Financial Elder Abuse – Part I

Advisors and family members can team up on a loved one’s behalf. Key Takeaways The vast majority of financial elder abuse is perpetrated by family members and caregivers—not by strangers and professional crooks. Only a tiny fraction of elder abuse is actually reported. Look for the warning signs of financial elder abuse. As many of you with aging parents or close relatives know, financial abuse of the elderly is on the rise. Unfortunately, this trend […]

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June 19, 2017  |  

Over 70 and Charitably Inclined? Don’t Miss This No-Brainer Tax Break!

Key Takeaways A qualifying charitable distribution (QCD) allows you to donate up to $100,000 per year directly to a qualified charity from your IRA and exclude it from income. QCDs can enable you to give to charity and shield some or all of your Required Minimum Distribution (RMD) from taxes. QCDs require your contribution to go directly from your IRA to your chosen charitable organization. As many successful people enter their retirement years, thoughts shift to giving back […]

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June 14, 2017  |  

Airbnb and Tax-Free Income: What You Need to Know

The rising popularity of online home-sharing sites such as Airbnb, Homeaway and FlipKey have made vacations and other out-of-town trips more affordable than ever for travelers. If your hometown is hosting a major concert, national event or sporting event like the NFL Draft’s recent stop in Philadelphia, owners can rent out their residences at attractive prices to savvy travelers who don’t want to go the traditional hotel/motel route. While the home-sharing sites mentioned in this […]

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June 7, 2017  |  

There Is a Secret That Wall Street Doesn’t Want You to Know…

Wall Street’s Secret? “Where there is mystery there is margin”. The more the financiers of Wall Street can make investing sound complex and mysterious, the more they can promote their mysterious high-margin solutions. The greater their margins, the greater their profits. Now don’t get me wrong. I have no problem with anyone earning profits. Profits are at the core of capitalism’s engine. However, as a buyer of financial services, it pays to be very careful […]

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June 5, 2017  |  

The 6 Most Loathed Words in Fishing and Investing…

“You should have been here yesterday!” It happens on every fishing trip.  At dinner, a well-intentioned fishing buddy or acquaintance tells you about the unbelievable fishing he experienced earlier that same day just over the mountain.  “You should have been there!” he boasts. Images of rising fish in numbers and sizes of mythical proportions race through your mind. You force a smile, hopefully hiding your jealousy as you contemplate poking your dining pal with a […]