Charitable and Personal Gifting in 2019
As we approach the Holiday Season, we want to share some year-end charitable and family gifting reminders. The following list contains general information for your review and consideration. The first and best rule in [...]
Constructing a Real Assets Portfolio by Stephen Blum
Real Assets Adviser, a publication of Institutional Real Estate, Inc., is edited exclusively to meet the real asset-related information needs of members of the U.S. private wealth advisory community. The monthly magazine invited Stephen Blum [...]
4 reasons why life insurance for children (and grandchildren) may be an appropriate financial planning strategy.
There are opinions on both sides as to whether buying life insurance for children or grandchildren is a good idea or an appropriate financial investment. Here are four reasons to consider in making your decision. [...]
50 or over in 2020? Consider a “catch-up” contribution to your retirement plan!
If you turn 50 by the end of this calendar year or are already over 50, you may have the option to make additional “Catch-up” contributions to your retirement account. Catch-up contributions allow you to increase [...]
What you need to know about RMDs in 2018.
Required Minimum Distributions If you are 70 ½ in 2018 and have an IRA, you must take your “required minimum distribution” (RMD) by year-end. Your RMD is calculated by dividing your IRA balance as of [...]
The Cost of Long-Term Care – a Reality Check!
Some topics are difficult to discuss. The cost of long term care (LTC) is certainly one of them. We encourage you to take a moment and contemplate the information in this important post. Elder care myth [...]
POWERS OF ATTORNEY – A REVIEW
POWERS OF ATTORNEY – A REVIEW At Strategic Wealth Planning, we deal with powers of attorney on a daily basis. In looking for topics that are relevant to our clients, we thought it would be [...]
Who should inherit your IRA? 3 key points to consider.
A large part of your nest egg is probably vested in an IRA or 401k. At your death, the proceeds from your retirement plan will pass to your named beneficiary(ies) outside your will. In light of [...]
Here’s the information you need to know about the Financial Exploitation of Seniors Act!
FINRA Rule 2165, known officially as the “Financial Exploitation of Specified Adults” but known commonly as the “Financial Exploitation of Seniors Act”, goes into effect February 5, 2018. Here are 3 important facts you need [...]
Updating Your Financial Planning Check List
On January 1, 2018, the exclusion from Federal transfer at death taxes a/k/a “Death Taxes” increased from $5.3 million to $11.18 million per person. Due to this increase, only approximate 1800 deceased persons will be [...]