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08.16.17
1031 Exchange – Beyond Deferring Capital Gains Tax
If you own highly appreciated business or investment real estate that you wish to sell, you can possibly avoid capital gains tax by exchanging it for new property of a like kind. A Section 1031 exchange can help you defer capital gains tax on appreciated property indefinitely and possibly eliminate it permanently.
06.15.17
What to do if You Inherit an IRA
Individuals who inherit an IRA have several options for handling the funds, depending on their relationship with the original accountholder. This article summarizes options for spouses and non-spouses.
05.09.17
Is Now the Time to Lock In a 30-Year Mortgage?
Buying a home is one of the most exciting and expensive purchases you will make. Whether you are buying a new home for your growing family, a vacation home for the summer or winter, or an investment property, deciding how to pay for it is just as important of a decision as it is to pick the house that is right for you. How you choose to finance such a major purchase can have a significant long-term impact on your finances. If you are purchasing your home and are considering a mortgage loan, this article will provide you with an understanding of the main types of mortgages and what benefits they can provide to help you determine which mortgage is most appropriate.
04.24.17
A Founder’s Decision to Sell: Considerations for Obtaining Sustained Value for a Life’s Work
Many of the most successful businesses are the product of the investment of its founder’s time, energy and money. Often, this investment may be the most significant source of their retirement income or personal wealth. Yet, at some point, whether due to political or market conditions, or more personal reasons, it may become time to sell the business and unlock the value of this investment. This article provides a few considerations business owners should take when it comes time to sell their closely held business, especially for those founders who have never been through a sales process, to achieve a successful exit.
03.30.17
Is There Unclaimed Property with Your Name on It?
State unclaimed property programs are holding nearly $42 billion in assets, just waiting to be claimed by their rightful owners. This brief article explains how to search databases for unclaimed property and how to prove ownership.
02.02.17
Beyond Benchmarks: Alternative Methods of Measuring Your Portfolio’s Results
This article looks at several ways to measure investment portfolio performance. The traditional method is to compare results with those of a relevant market index. However, some investors may be better off considering risk-adjusted results or even follow a goals-based approach.
12.02.16
Even You May Benefit from a Reverse Mortgage
Higher net worth individuals may be able to use a reverse mortgage for estate and tax planning. This article discusses reducing the value of a taxable estate by using reverse mortgage funds to make annual exclusion gifts, fund college savings plans or buy a life insurance policy.
11.15.16
Should You Undo a Roth IRA Conversion?
Can a Roth IRA conversion be undone? Yes. Why may someone want to reverse a Roth conversion? There are many reasons including when the conversion, combined with other income, pushes someone into a higher tax bracket. This article explores how a conversion can be undone, along with the reasons as to why it can be undone, and also provides an example of the process.
10.26.16
Protect Yourself from Tax Identity Theft
Tax identity theft is a serious problem, and is only getting worse. This article provides information on the number and types of tax identity fraud incidents as well as tips for avoiding becoming a victim. For those whose identity is stolen, the article explains how to limit the damage.
09.20.16
Paying for College: How to Avoid Costly Financial Aid Mistakes
This short article provides pointers to help parents of college-bound students avoid mistakes and maximize amounts when applying for financial aid. Tips involve filing the right forms, prioritizing schools and knowing who is responsible for submitting applications when parents are separated and divorced.