Estate Planning

By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives. But what estate planning means to you specifically depends on who you are. Your age, health, wealth, lifestyle, life…

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Tax Savings 101: send your RMD to a charity

One of my favorite tax savings strategies we manage for clients is what is referred to as the Qualified Charitable Distribution or QCD.  Only the IRS can complicate the naming of a very simple and straight forward tax savings strategy.  Keep in mind, I always say every “Tax Simplification Act” only complicates the tax code…

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For the second year in a row, interest rates on federal student loans will decrease for the 2020-2021 academic year. This year’s decrease brings rates to record lows. The rates apply to new federal student loans made on or after July 1, 2020, through June 30, 2021. The interest rate is fixed for the life…

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How to Back Up Your Financial Documents

If you’ve accidentally deleted or misplaced a financial document, you already understand the importance of backing up your important files. However, saving your financial documents to an external hard drive is only part of the battle. To truly safeguard your documents, try to keep them saved in at least three places. This could include your…

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