Blog Posts in 2014

  • For Clients, Advisors, Community The tax code allows a family to save $6,550 (on a pre-tax basis) in a health savings account. These accounts are designed to cover deductibles and co-pays in a health care plan with cost sharing and relatively high deductibles. Is it better to fund an HSA pre-tax or a savings account after tax? Fund an HSA or Taxable Account? If a family contributes the maximum to ...
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  • Supreme Court Holds Inherited IRAs Are Not Asset Protected

    || 24-Jun-2014

    For Clients, Advisors and Community. If you or your parents have an IRA with six figures or more, you need to read this article carefully. A word of introduction: An “inherited IRA” is an account originally established by Mom or Dad and at the death of Mom or Dad is held for the benefit of son or daughter or grandchild (or other relative). It is typically titled, “Mom or Dad IRA ...
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  • A Lesson From Phillip Seymour Hoffman

    || 10-Mar-2014

    For Clients, Advisors and Community. My staff will tell you that I take pride in writing my own blog articles. I don’t have a ghost writer and I don’t buy a service. This very recent article in “Wealth Management” quoted below is so well written that I can’t possibly do better. Large parts of this blog are taken directly from that article. (“Keeping Up with ...
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  • Sylvia had her estate plan drafted. It was a revocable trust and pour over will. The terms of the trust provide that upon her death, the assets are to be divided between her two daughters, Alicia and Olivia. She made it clear that she wanted everything divided 50/50. The trust was funded with six different bank accounts. She didn’t tell her attorneys about one account. It was a $200,000 ...
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