One of the highly publicized stories of the last couple of years in the realm of retirement planning is the unpreparedness of the baby boomer generation. Massive numbers of these individuals are reaching the typical retirement age, and many of them are finding that they are not in a financial position to retire. If you are someone who will have to budget carefully to be able to put your working years behind you, it is useful to enter into retirement with limited expenses. If you are saddled … [Read more...] about Retirement Budgeting: Taxes Can Be Stifling
Will the Estate Tax Issue Become a Political Football?
The subject of taxes is always going to be prominent in an election year. Of course, 2012 is an election year, and it is an interesting year in the field of estate planning. At the end of the year, the tax relief act that was passed in December of 2010 is going to expire. This measure essentially extended the Bush era tax cuts. It provided a $5.12 million estate tax exclusion this year, along with a 35% maximum rate. As the laws are currently written, these parameters are going to change next … [Read more...] about Will the Estate Tax Issue Become a Political Football?
Life Insurance Trust Can Deliver Tax Savings
You have to be very concerned about the looming specter of the estate tax when you are positioning assets with the future well-being of your loved ones in mind. Contrary to popular belief, the estate tax is not just reserved for the very wealthy, and more people will be exposed to the tax in 2013. At the end of this year, the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 is going to expire. When it does, under currently existing laws the estate tax exclusion … [Read more...] about Life Insurance Trust Can Deliver Tax Savings
Keep An Eye On Tax Debate
Time passes quickly, and most people are firmly embedded in the routine of their day-to-day lives. So, you may not be aware of things that are taking place in Washington that could render your existing estate plan inadequate. With this in mind, we would like to raise awareness about the significance of this calendar year. Whether or not your family is going to be exposed to the estate tax, and how much they will potentially have to pay, varies depending on the parameters that are in place at … [Read more...] about Keep An Eye On Tax Debate
