A Corporate Trustee Could Be a Smart Choice

A Corporate Trustee Could Be a Smart Choice

Trust administration is more difficult than many families presume. In an ideal world, managing a family trust would be simple. There would be no stress, no big learning curve, and no great time commitment involved. Unfortunately, the world is not ideal, and heirs who...

To fight pandemic burnout, this company is trying four-day workweeks

To fight pandemic burnout, this company is trying four-day workweeks

The workweek is about to get one day shorter for employees at Elephant Ventures. The software and data engineering company is testing out a compressed four-day workweek starting this week. Employees will have 10-hour days, Monday through Thursday. "Fridays we are off...

HEALTHY HABITS NEWS: Big toe strength test.

HEALTHY HABITS NEWS: Big toe strength test.

One in four Americans over the age of 65 falls each year.  A new test measuring the big toe’s strength could benefit seniors reports the American Association for Long-Term Care Insurance. “Falls are a serious problem especially for aging adults,” says Jesse Slome...

Why Millionaires Need Long-Term Care Insurance

Why Millionaires Need Long-Term Care Insurance

A record number of U.S. households can claim millionaire status and despite what one may think, they need some long-term care planning says the director of the American Association for Long-Term Care Insurance (AALTCI). “There were over 8.3 million millionaire...

Should everyone invest in a Roth?

Should everyone invest in a Roth?

A Roth IRA can be a great idea — but not in all situations Q: With all the debt our country is piling up, taxes have to rise. Doesn’t that make Roth contributions and conversions and avoiding pretax contributions no brainers? — Ted in Charleston A.: Ted, Getting money...

What is Reg BI?

What is Reg BI?

A look at Regulation Best Interest. Recently, you may have heard that financial industry regulators established a new set of rules designed to guide investors who work with an investment professional. This new set of rules is called “Regulation Best Interest” rule,...

What Is Earnings Season?

What Is Earnings Season?

Financial results are reported each quarter. Every few months, you may hear the phrase “we’re entering earnings season” as you read financial news. But what exactly is “earnings season” and why is it important to Wall Street? Earnings season is the period of time when...

Will There Be A CARE Act Phase 4

Will There Be A CARE Act Phase 4

With the economy and financial markets flashing mixed signals, it’s no wonder that lawmakers are deadlocked on whether to pass a Phase 4 of the CARES Act. More than $3 trillion in stimulus has been pushed into the economy since March. Critics of a Phase 4 package say...

Will Political Changes Affect the Economy?

Will Political Changes Affect the Economy?

Election years cause some anxiety. With all of the storm and stress of the year 2020, you’d be forgiven if you momentarily forgot that we’re due for another national election in November. Many states will be selecting governors, representatives, and senators, while...

Little-Known Homeowners Insurance Facts

Little-Known Homeowners Insurance Facts

You may be surprised to learn what is and is not covered. If you have a homeowners insurance policy, you should be aware of what this insurance does and does not cover. These policies have their limitations as well as underrecognized perks. Some policies insure actual...

How AI Can Live Up To Its Hype In The Healthcare Industry

How AI Can Live Up To Its Hype In The Healthcare Industry

“What’s the problem you’re trying to solve?” Clayton Christensen, the late Harvard business professor, was famous for posing this aphoristic question to aspiring entrepreneurs. By asking it, he was teaching those in earshot an important lesson: Innovation, alone,...

Health Care Costs Are Cutting Into Retirement Preparations

Health Care Costs Are Cutting Into Retirement Preparations

This is happening in subtle and not-so-subtle ways. You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives.   In fact,...

What Should You Know Before You Create Your Will?

What Should You Know Before You Create Your Will?

If you pass away with no will, a state court may decide who gets your assets and — if you have children — who will care for them.There are some assets that pass outside of the will, including retirement accounts such as 401(k) plans and individual retirement accounts...

Why 2020 Might Be an Ideal Time to Create an Estate Strategy

Why 2020 Might Be an Ideal Time to Create an Estate Strategy

The estate-tax exemption rose to $11.58 million in 2020, $180,000 higher than the year before to account for inflation. The current estate tax exemption is set to expire at sunset in 2025, at which time it could revert to the pre-2018 exemption level of $5 million for...

A New Tax Form for Seniors: A Guide to the 1040-SR

A New Tax Form for Seniors: A Guide to the 1040-SR

THE BIPARTISAN BUDGET Act of 2018 introduced a new tax form for seniors effective for 2019 taxes. Known as the 1040-SR, this form is designed to make filing taxes easier for older Americans. “Form 1040-SR is a good option for those ages 65 and over,” says Mark Steber,...

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