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In the survey, conducted by Interest.com, a financial planning site, just 27 percent of respondents age 18 to 59 said they expect to receive an inheritance from their parents or other family. Even those who believe there will be something left over for them aren’t expecting a huge windfall. Did the recession ruin the chances […]
Federal officials are eager to get the word out that seniors and disabled individuals enrolled in Medicare Part A — which covers hospitalization and limited nursing home care and is free for most beneficiaries – do not need to buy a marketplace plan, because they are already meeting the insurance requirements. Changes in healthcare can […]
All too often, an entrepreneur convinces himself no one will notice these issues and, once the sale is finalized, they all will be resolved. But as deals are negotiated between buyers and sellers, these top five truths surface over and over again. If you are a business owner and thinking of selling … are you ready? […]
Growing numbers of families – as older parents move into their 80s and 90s – are finding themselves grappling with the transfer of second homes. If you have a family vacation home, have you considered what will happen to the property after you are gone? While you are undoubtedly enjoying the memories you are making […]
Nine out of 10 Americans say they want to grow old at home and keep living in their communities as long as possible, according to AARP. Eventually requiring some form of care is just a fact of aging. But proper planning in advance can give you more options if done right. For instance, would you […]
Check out these strategies to bypass capital gains altogether or at least lessen the bite. Unless you’ve been paying close attention to capital gains and your expected 2013 tax, then you may not realize a potentially large “bite” until tax season. For those in the know, however, there is still time to beat the capital […]
There any many reasons why patriarchs and matriarchs often have great difficulty letting go of the power and ownership of the family business. These may include (as with Queen Elizabeth) a fierce sense of duty, intense popularity, deep familiarity with the business, a desire to complete the heroic mission, and, not uncommonly, an unconscious fear […]
A U.S. tax crackdown is coming for foreign retirement plans. While many retirees choose to spend their golden years close to home, others are opting to spend their retirement abroad in a foreign country. Unfortunately, a “foreign” retirement may attract troubling scrutiny from the IRS and the implementation of FATCA. According to a recent Bloomberg […]
Take steps to ensure that the money you inherit will last and help you meet your major financial objectives. Inheritance planning involves several tough decisions for the “giver” in the equation. Who shall get an inheritance? How much should be given? Lots of thought goes into this area of estate planning. But what about the […]
Every year, I used to get together with a client who was a business owner, and every year I would ask him, “Bruce, have you told your guys that you want them to buy the business?” He had a plan that he would eventually sell his contracting business to his senior executives, but he had […]
