The Basics of FATCA and Form 8938

The Foreign Account Tax Compliance Act (FATCA) generally requires that foreign financial institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on relevant payments. Taxpayers must…

 What Is A Power Of Attorney?

What Is A Power Of Attorney?

Estate Planning Attorney A power of attorney is a powerful document. It is used to appoint someone else to make financial decisions for us. That person is called your agent or attorney-in-fact. With a general financial power of attorney, your…

How To Pick The Best Place To Retire

Do you dream of getting out of your area once the kids have moved out and you don’t need to commute? When you’re retired, you have fewer obligations, meaning you can move to any location you can afford. Maybe what…

Key Social Security Changes For The New Year 

According to the Social Security Administration, approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, according to the SSA, Social Security benefits will increase by…

At Tax Time, Don’t Forget The States! 

Most states have a state income tax in addition to the federal income tax, and in some cases, certain localities have their own income taxes on top of those. Now is a good time to check to make sure you’re…

Is Umbrella Insurance Right For Me?

Umbrella insurance is a type of personal liability insurance that applies to a broader range of situations than conventional business insurance. It’s for those who may find themselves liable for a claim larger than what their homeowners or auto insurance…

Defined Benefit Plans: The Standard Pension 

Defined benefit plans are retirement plans that are largely funded by employers, with payouts based on a set formula that considers employees’ salary, age and tenure with the company. Also known as pension plans, they historically were offered to entice…

 What Are The Benefits Of Dental Implants? 

What Are The Benefits Of Dental Implants? 

Estate Planning Attorney There are many ways a person may choose to prepare for the future, whether it is getting ready to welcome a new baby, working with an estate planning attorney to prepare your estate, or saving to buy…

Travel Tips For Seniors & The Elderly

One reason people look forward to retirement is because they’ll finally have the time to travel. If you’ve only had enough vacation time for a few long weekends a year, then it’s no wonder you may be excited to plan…