Category: Uncategorized

A Fresh Look at Retirement Withdrawal Rules Due to a series of recent changes, and the possibility of future modifications, many people are understandably confused about the withdrawal rules on retirement accounts. Your RMD is the minimum amount you must…

If you’ve thought about moving during retirement, you’re not alone. In 2020, a record 400,000 American retirees moved into new residences. The reasons people move are as varied as their life circumstances. Some want to be closer to family whereas…

After a death in the family, it’s natural to feel overwhelmed. However, if you’re the next of kin or the agent of the deceased, you have responsibilities. The good news is that you can — and in some states you…

A business valuation can serve any of several purposes, but the goal is always the same: to find out the value of your business in dollars and cents. Armed with this knowledge, you’ll never be caught off guard. How Businesses…

One reason people look forward to retirement is because they’ll have time to travel. If you’ve only had enough vacation time for a few long weekends a year before, it’s exciting to be able to plan out a real weeklong…

Suppose you want your children to inherit jewelry. How do you value it? Family members may have wildly divergent opinions of the fair market value of collectible assets that may lead to delays in your estate’s settlement and ultimately lead…

Biden’s Proposal President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize the tax on inherited wealth. The step-up in basis allows heirs to calculate…

Sometimes, marriage can stymie the financial life of even the savviest person. You go along living your life, working, eating, sleeping — and suddenly you discover that your household paid far too little in taxes. What’s worse, you signed the…

Small and midsize employers, and certain governmental employers, can claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or…

Economic Injury Disaster Loans (EIDL)  Even before the pandemic, the Small Business Administration (SBA) offered Economic Injury Disaster Loans for “losses not covered by insurance or funding from the Federal Emergency Management Agency (FEMA) for both personal and business” expenses…