Tax Advice Santa Rosa – WOMEN, LONGEVITY RISK & RETIREMENT SAVING

April 23rd, 2014 → 11:00 pm @ // No Comments

Statistics point out the need to save early, save consistently & stay invested. Will you live to be 100? If you’re a woman, your odds of becoming a centenarian are seemingly better than those of men. In the 2010 U.S. Census, over 80% of Americans aged 100 or older were women. Will you eventually live […]

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Tax Advice Santa Rosa – HOW LTC INSURANCE CAN HELP PROTECT YOUR ASSETS

April 4th, 2014 → 5:13 pm @ // No Comments

Create a pool of healthcare dollars that will grow in any market. How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long term care insurance will become very important in […]

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Tax Advice Santa Rosa – WHY DO WE SAVE SO LITTLE?

March 13th, 2014 → 8:49 pm @ // No Comments

What’s good for the economy isn’t necessarily good for our future. Our parents & grandparents saved much more than we do. Most people who have read up on the economy for any length of time have heard of the personal saving rate (PSAVERT), which the Commerce Department calculates as the ratio of personal saving to […]

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Tax Advice Santa Rosa – RETIRE AT 65 . . . OR NOT?

February 27th, 2014 → 12:12 am @ // No Comments

Your assets matter more than your age. Isn’t 65 the traditional retirement age? Perhaps, but baby boomers are modifying the definition of a traditional retirement (if not redefining it altogether). The Social Security Administration has subtly revised its definition of the traditional retirement age as well. If you glance at the SSA website, the “full” […]

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Tax Advice Santa Rosa – WHAT HAPPENS WHEN SOCIAL SECURITY FUNDS RUN OUT?

February 13th, 2014 → 10:26 pm @ // No Comments

Without Congressional action, Social Security will become insolvent in 2033. Benefits could shrink to 77% of the current levels and/or payments could be delayed. This subject comes up over and over again and Congress keeps kicking it down the road, not wanting to deal with the political fallout that will result if taxes are increased […]

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Tax Advice Santa Rosa – 2014 IRA DEADLINES ARE APPROACHING

January 30th, 2014 → 5:50 pm @ // No Comments

Here is what you need to know for 2014. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take an initial IRA Required Mandatory Distribution (RMD). *April 15 is the deadline for making annual contributions to a traditional […]

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Tax Advice Santa Rosa – WHY 2014 MAY BE A VERY GOOD YEAR

January 7th, 2014 → 7:27 pm @ // No Comments

More improvement may be in store for the economy & the stock market. Will the economy & the bull market make further strides in 2014? On both Wall Street and Main Street, 2013 turned out better than many analysts expected. Will the recovery gain additional momentum in 2014, and will stocks climb even higher? Optimism […]

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Tax Advice Santa Rosa – TAX PERKS OF YEAR-END CHARITABLE GIFTING

December 18th, 2013 → 5:08 pm @ // No Comments

Help the causes you care about & help your finances in the process. An opportunity for you to give & save. As 2013 ends, you may be considering making one or more charitable gifts. In most instances, they are tax-deductible with benefits for the donor as well as the recipient. As you make any charitable […]

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Tax Advice Santa Rosa – IRS RETIREMENT PLAN ADJUSTMENTS FOR 2014

December 2nd, 2013 → 10:48 pm @ // No Comments

Rules changes for IRAs, 401(k)s & other savings vehicles. The IRS has made minor adjustments to retirement plan limitations for 2014. As inflation has been tame in 2013, these COLAs aren’t dramatic; as a result, some retirement plans won’t see any next year. Here is a roundup of the changes for 2014. IRAs. Not much […]

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Tax Advice Santa Rosa – SOCIAL SECURITY IN 2014

November 14th, 2013 → 6:00 pm @ // No Comments

Next year’s small COLA isn’t the only adjustment related to the program. Here are six things you need to know about Social Security for 2014. For clarity’s sake, here is a rundown of what is changing next year, and what isn’t. Social Security recipients are getting a raise – but not much of one. Next […]

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