Everyone Needs a Will

As important as estate planning is, it often gets neglected. A 2017 survey by Caring.com revealed that only 42% of U.S. adults have a will or a living trust in place. In part, it is an age thing, as the table here shows. Source: www.caring.com/articles/wills-survey-2017 When asked why they have not completed their estate planning, […]

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Retirement Account Tax Planning

Angela Malley returns this week with more tax-focused thoughts in, How to Avoid Early Withdrawal Penalties, available on our web site. The tax code includes some well-intended tax penalties for certain withdrawals from an Individual Retirement Account (IRA). The penalty is meant to encourage workers to postpone tapping into such balances until retirement or at […]

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How to Avoid Early Withdrawal Penalties

To increase the likelihood that tax-preferred savings actually will be used for retirement, Congress included a 10% penalty tax on IRA and 401(k) distributions before the account owner reaches age 59½. The penalty applies in addition to the regular income tax on the distribution. For example, someone in the 15% tax bracket who takes a […]

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Interested in Interest Rates?

In the United States, there is not a single Treasury bond which currently pays more than 1.96%. The dividend yield on the S&P 500 currently exceeds the yield on the 30-year Treasury bond and those dividends will increase over time. The recent decline in interest rates means an increase in bond prices. In the month […]

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