Archive - March 2010

1
How the Health Care Reform Will Affect Your Small Business
2
Keeping Your Investment in Balance, Part 2
3
IRA Options for a Surviving Spouse Under Age 59½
4
11 Things You Need To Know About a Roth IRA
5
When Should You Apply for Social Security Benefits?

How the Health Care Reform Will Affect Your Small Business

Increased costs or savings in years to come? What do the federal health care reforms mean for your company? Will they lead to thousands of dollars in extra costs and more paperwork? Or will federal subsidies make this a “game changer” for small companies that have struggled to provide insurance plans?


If you employ 50 or more, you will face a major choice.
Businesses with 50 or more employees will have a choice beginning in 2014: they can sponsor a health plan for 100% of their workers (even those signed up for government-subsidized health insurance) or pay $750 per worker …

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Keeping Your Investment in Balance, Part 2

In my last post on the subject, I introduced the idea of monitoring and maintaining a portfolio’s asset allocation.

Determining when and how to effectively rebalance your portfolio requires careful monitoring of not only portfolio performance, but awareness of your tax status, cash flow, financial goals, and tolerance for risk.  The act of portfolio rebalancing results in transaction fees and has the potential to incur capital gains in taxable accounts. Thus, while there may be good reasons to rebalance, the benefits must outweigh the costs.

Given these challenges, a practical approach to rebalancing takes into consideration the occurrence of “triggering” …

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IRA Options for a Surviving Spouse Under Age 59½

light my path by faith gobleAs a follow-up to an earlier article on Options For a Spousal Inherited IRA, I wanted to address the specific situation that occurs if you have inherited an IRA from your spouse and you’re under age 59½. There are a couple of choices available to you – which can pose a dilemma.  As we have discussed in other articles, you have the option of leaving the funds in the IRA of your spouse, which will allow you to withdraw from the account at any time without penalty.  There is no 10% penalty for the withdrawal as with most other… Read More

11 Things You Need To Know About a Roth IRA

Starting in 2010, the Tax Code opens up vast opportunities to increase Roth IRA participation for many taxpayers. As I will explain, you will need to consider at least 11 issues or possible strategies to make the most of this and determine the final formula that will reduce your long-term income tax bill and address other financial goals. But I caution you from the outset…Roth conversions are a hot topic with brokers and investment advisors who want to use this as an asset gathering gimmick or earn commissions from transactions. It is a complicated opportunity, and demonstrates how a comprehensive …

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When Should You Apply for Social Security Benefits?

applying whiteout by Rennett StoweAs you might expect, the answer to the title isn’t cut-and-dried… it’s different for each individual, depending upon your circumstances.  There is no magical “best age” for everyone.  It’s important to understand the impacts and consequences of choosing to apply at different times in your life. As we’ve discussed in other articles in this blog, when you apply for benefits before your Full Retirement Age (FRA) your benefit will be reduced.  The amount of the reduction is dependent upon the amount of time between the date you apply and your FRA – earlier application results in greater reduction in benefit.… Read More

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