Salary Continuation Plans for Key Employees

Salary continuation plans are essentially deferred compensation arrangements between employee and employer; they stipulate that extra benefits will be provided to the employee after retirement, disability, and/or death, provided the employee complies with the terms of the agreement. The agreement may require the employee to work for a stated period of time, or it may Read more about Salary Continuation Plans for Key Employees[…]

The Long-Term Benefits of Roth IRAs

The Roth IRA is a tax-efficient option for retirement savings. Earnings in a Roth grow tax deferred, and distributions are tax free, provided you have reached age 59 and have owned the account for at least five years. What many may not realize is that the Roth IRA offers another key, long-term benefit. Unlike traditional Read more about The Long-Term Benefits of Roth IRAs[…]

Retirees Report Having Multiple Sources of Income In Retirement

Along with Social Security, guaranteed income from pensions and annuities are key sources of income for retired Americans, the results of a survey conducted by the Insured Retirement Institute (IRI) showed. The survey was completed in August 2018 by 820 Americans aged 65-85 with investable assets of at least $50,000. The survey report, “Retirement, Income, Read more about Retirees Report Having Multiple Sources of Income In Retirement[…]

Cybersecurity and Privacy

Sadly, for many of the nine out of ten families who fail to solidify their legacies, both their financial capital and human capital is often depleted within just two generations. Who are We Really Dealing with Here? Contrary to conventional wisdom, the two-bit criminal doesn’t target the rich, preferring instead the low-hanging fruit of the Read more about Cybersecurity and Privacy[…]

9 Tax Strategies to help Business Owners reduce their Tax Bill

Qualified Retirement Plan – Do you offer a Retirement Plan? If not consider this. Did you know that the IRS provides a credit on a business tax return for starting a new plan? Also contributions to employee accounts (including yours) are tax deductible for the business. Business Structure– The Self Employment Tax, the most despised Read more about 9 Tax Strategies to help Business Owners reduce their Tax Bill[…]

11 Financial Mistakes Retirees Make

Saving and investing for retirement is probably the single most important issue for the clients of financial advisors, and outliving their retirement funds is a primary worry. Despite these priorities, however, mistakes are made, often before a client even hires an advisor or afterward, when the client fails to follow through on the advisor’s recommendation Read more about 11 Financial Mistakes Retirees Make[…]

7 Behavioral Finance Nudges to Help Employees Save for Retirement

As efforts gear up to urge Americans to save more during America Saves Week (February 25–March 2), the news on the savings front is pretty grim. According to the Consumer Federation of America, U.S. Bureau of Labor Statistics data indicate that the American personal savings rate is at its lowest level since the U.S. financial Read more about 7 Behavioral Finance Nudges to Help Employees Save for Retirement[…]

10 Questions to Answer Before Buying a Stock

How’s Leadership? Tenure? Track Record? Philosophy? Are they Shortsighted? How does this company make money? What are the biggest external threats to this company? Why is this company superior to their competition? How does the company think, manage, and handle debt? How is the company’s earnings and profitability growth trends? Is the company stock liquid Read more about 10 Questions to Answer Before Buying a Stock[…]

Protect Your Estate with an Irrevocable Life Insurance Trust (ILIT)

Many estate planning practitioners view the irrevocable life insurance trust (ILIT) as a flexible and useful tool that can provide a number of benefits to their clients. Because the question of where the ILIT fits into the overall estate planning process can be somewhat confusing, a closer look at its potential advantages may prove helpful. Read more about Protect Your Estate with an Irrevocable Life Insurance Trust (ILIT)[…]