Selecting your living trust trustee isn’t as simple as it seems. Just yesterday a client in Virginia asked me to who she should ask to be her trustee. This is a really important subject so I thought I’d share my response with you. First, what is a revocable living trust? You may already know that […]
Should We Increase Taxes on the Rich
The government is on a desperate search to put as many shekels as it can in its coffer. Is raising taxes on the rich the answer? Most people don’t think so. AP conducted a poll to find out what the best solution was for the deficit problem. 62% think the government should cut spending. Only […]
Get a Lower Cell Phone Bill with this One Secret Tip
If you want a lower cell phone bill, I can share a quick tip to help you achieve just that. First, some background. I called my cell phone provider to report a problem with my phone yesterday. While we were finding a remedy to the problem, he looked over my bill. He saw that we […]
Are Disability Insurance Benefits Taxable? I Hope So
If you receive disability benefits, the last thing you want to do is run afoul of the IRS. So it’s important to have the right answer to this question. But before you ask, “Are disability insurance benefits taxable?” maybe you should be sure of the pros and cons. Don’t be so sure you want tax-free […]
5 Steps To Protect Your Assets You Can’t Afford To Neglect
You work hard to earn, save and invest in order to grow a retirement nest egg. That being the case, you’ll likely agree that it makes a lot of sense to do everything you can to protect your assets. Here are the top 5 ways to do just that. 1. Track Spending Look in the […]
College Tuition Tax Credits Explained in Plain English
If you pay college tuition, there are a few tax credits and incentives to help you reduce the financial burden. So even if you are filling out financial aid forms, don’t forget to pursue tax credits too. First, let’s understand what a tax credit is. If you pay taxes, a tax credit should be music […]