Archive for March 2018
Little-Known Law helps pay for Long Term Care
In August of 2006, President Bush signed into law the Pension Protection Act of 2006. The Act had one great element: it helps individuals to get Long Term Care protection. This is achieved by providing tax advantages to those who exchange existing deferred annuities contracts or life insurance policies for new linked-benefit annuity contracts or…
Read MoreThe Estate, Gift, & GST exemption amounts have changed.
Important Updates: The Estate, Gift, and GST exemption amounts have changed. The IRS has just released revised inflation-adjusted amounts based on chained CPI as directed in the Tax Cuts and Jobs Act. Most numbers remained the same, including all income tax brackets. Here are the changes: The Estate Tax exemption amount for 2018…
Read MoreFiduciary vs. Broker – What’s the difference?
In the past few months, we have seen a rise in use of popular “designations” with the word Fiduciary in the title and I realize this may lead you to believe that someone who calls themselves, for example, an “Accredited Investment Fiduciary” is, in fact, acting as a Fiduciary, but that is not necessarily the case. Unfortunately, this designation does…
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