Taxpayers born before July 1, 1949, generally must receive payments from their individual retirement arrangements (IRAs) and workplace retirement plans by December 31. Known as required minimum distributions (RMDs), typically these distributions must be made by the end of the… [Read More]
Take Retirement Plan Distributions by December 31
Can you protect your parents from scammers?
Why, a client asked me, are seniors targeted by scammers? She found this personally offensive. I had a difficult time looking her in the eye and telling her the answer: because as people age, they lose their ability to detect… [Read More]
How much life insurance do I need?
From your income to your children’s future education, here’s what to consider when you buy life insurance. Getting the Right Protection for Your Life How much life insurance do I need? Is the life insurance I have through work enough?… [Read More]
What is a Daily Money Manager and Who Needs One?
Daily Money Managers (DMM’s) help people manage their personal finances including all of the business aspects of daily living. They offer services including necessities like paying monthly bills, assisting with tax records, decoding medical bills, balancing checkbooks, and negotiating with… [Read More]
What Are Bridge Loans and Why Might I Need One?
What are Bridge Loans and why might I need one? Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event… [Read More]
“I’m Covered at Work”
How many times have I heard this? I’m speaking to someone about their Life Insurance coverage and they explain they have a “group policy” through their employer. When I ask how much it is they rarely know the amount or… [Read More]
Two New Tax Scams to Watch out For
Two New Tax Scams to Watch out For Although the April filing deadline has come and gone, scam artists remain hard at work. As such, taxpayers should be on the lookout for scams that reference taxes or mention the IRS,… [Read More]