Replacement and Conservation Considerations for Life Insurance Policies
Don’t be surprised if a review of your life insurance shows you may need to replace or exchange your policy. Learn more in this week’s Insurance Tip.
Tax Implications of Reverse Mortgages
Is reverse mortgage interest tax deductible and who can take the deduction? Find out in this week’s Tax Tip.
New Trustees Reports Show Continuing Financial Challenges for Social Security and Medicare
The latest trustee report on Social Security and Medicare shows both programs face financial challenges. Read more in this week’s Financial Tip.
Using Trusts to Pass an Inheritance to Minor Children
Our experts discuss a case study where the use of a trust would have solved the problem of a child inheriting property and assets.
Market Roundup: Markets Languished, as They Have for Most of the Summer
Monday saw several blue-chip stocks, including IBM, Chevron and Apple, trading lower. West Texas Intermediate crude fell 4.1% to settle at $45.17 a barrel. Personal income growth rose 0.4% in June, while consumer spending ticked up by 0.2%, missing expectations of 0.3%. Indices continued downward on Tuesday, despite news that orders for manufactured goods gained 1.8% in June, in line with the consensus forecast. On Wednesday, the S&P 500 index rebounded after three consecutive days of decline. The ISM Nonmanufacturing Index posted its second consecutive gain and the largest since 2008. The July survey bucks other economic data that suggest the economy was off to a slow start in the quarter. Stocks dipped amid a retreat in crude oil on Thursday. On another note, Labor Department data showed initial jobless claims increased by 3,000 to 270,000 last week. On Friday, the Labor Department released July’s data, showing the economy added 215,000 jobs last month, versus expectations of 225,000 additions. The unemployment rate held steady at 5.35%.
Unplanned Business Liquidations
When your company is forced into an unplanned liquidation, you will lose the business’s going-concern value. We explain in this week’s Business Tip.
Health Care Reform: Credits and Subsidies
The Affordable Care Act provides tax credits and subsidies to help reduce the cost of health insurance coverage. Learn more in this week’s Insurance Tip.
Planning Your IRA Withdrawal
You’ve spent most of your life saving to your IRA. Don’t forget, planning is still necessary when you begin withdrawals. Read more in this week’s Tax Tip.
Don’t Let Your Retirement Savings Goal Get You Down
If your savings goal seems daunting, try focusing more on the details that help refine your plan. We explain in this week’s Financial Tip.
Buying an Established Business Still Means You Have Become a Business Owner
Our experts discuss how buying an existing business still involves the planning and concerns of a start-up business.