Celebrities are often placed on pedestals, basking in the glory and praise normal people shower upon them.
The blog this week is written by our guest blogger, Stephen Kosar, CPA of Kosar & Company, PC which is located in Danbury, CT.
Most Overlooked Items on Tax Returns:
1) Checking to see if you qualify and if an IRA contribution can be made.
In the aftermath of the largest retailer hacking incident in history, which took place at Target stores, the fear over the safety of our credit card information has surged. What are the ways to protect yourself against credit card fraud?
Friday, February 14 2014
As noted in Part I of the long-term care series, the costs associated with these services are quite high. However, there are a number of strategies that can be employed to help cover the costs of long-term care services.
As the Baby Boomer generation reaches traditional retirement age, there is more to worry about than whether or not their money will provide for basic living expenses throughout their retirement years. Due to a number of factors, the reality is, Americans are living longer. A century ago, the average American lived to the ripe old age of 47 years.
There are many important events in life that require one to plan ahead. We devote a significant amount of effort in planning ways for our clients to handle a wide variety of risks. For those without an advisor, or an advisor who only advises on certain aspects of the market, the result of waiting to begin the planning process can be devastating.
The role of tax bracket management can be important as you plan for your retirement income needs. However, it does need to be balanced with the “don’t let the tax tail wag the dog” philosophy.
What is a safe amount to withdraw from your portfolio in retirement? Unfortunately there is no single answer that applies to everyone. The first step is to know where you stand.
What is one’s portfolio income capability? It is different for everybody, but in simple terms it is how much income your assets can reasonably produce while ensuring a high probability that you will have enough money to last for the rest of your life.
Two critical components of financial planning that we see as problematic for many families is not only converting their hard-earned wealth to an income stream that they can’t outlive, but also positioning that income stream in a way that the income might grow over time to keep up with rising prices and taxes.