17 Dec 2021 Estate Planning
1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years) 2 The GST tax exemption is not portable 2020 and 2021 gift and estate tax rate...
socially responsible investing Tag
17 Dec 2021 Education Planning
American Opportunity and Lifetime Learning Credits Coverdell education savings accounts Deduction for qualified higher education expenses Deduction for student loan interest Gift tax exclusion Kiddie tax All investing involves risk, including the possible loss of principal,...
17 Dec 2021 Business Planning
Adoption Assistance Programs Earnings subject to FICA taxes (taxable wage base) 1 An additional Medicare (HI) employee contribution rate of 0.9% (for a total employee contribution of 2.35%, and a total combined Medicare...
06 Nov Five Investment Tasks to Tackle by Year-End
Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether...
03 Nov Is It Time to Think About Tax-Free Income?
Federal and state governments have spent extraordinary sums in response to the economic toll inflicted by the COVID-19 pandemic. At some point, it is likely that governments will look for...
30 Oct Sandwich Generation Caregivers Face Many Challenges
Individuals in the "sandwich generation" have the dual responsibility of providing care for an adult — often a parent — while also raising children. Caring for others can be very...
23 Oct Incapacity and Advance Medical Directives
At some point in your life, you may lose the ability to make or communicate responsible health-care decisions for yourself. Without directions to the contrary, medical professionals are generally compelled...
20 Oct Three Questions to Consider During Open Enrollment
Open enrollment is your annual opportunity to review your employer-provided benefit options and make elections for the upcoming plan year. You can get the most out of what your employer...
17 Oct Printing Money: The Fed’s Bond-Buying Program
The Federal Reserve's unprecedented efforts to support the U.S economy during the COVID-19 pandemic include a commitment by the Federal Open Market Committee (FOMC) to purchase Treasury securities and agency...
15 Oct Accumulating Funds for Short-Term Goals
Stock market volatility in 2020 has clearly reinforced at least one important investing principle: Short-term goals typically require a conservative investment approach. If your portfolio loses 20% of its value...