Tax Changes Make This A Good Time To Revise A WillChanges in tax laws could be affecting—and outdating—your clients’ wills and bequeathing plans.A will, as your clients probably understand, ensures that their goals for legacy and asset disposition are met. What most clients don’t understand is that …
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3 healthy habits for health savings accounts
3 healthy habits for health savings accountsSee 3 easy ways to make the most of your HSA—now and into your retirement.Key takeaways1. Health savings accounts (HSAs) offer a number of benefits: not only spending for the short term, but also saving for longer-term qualified medical expenses, including …
New 2021 IRS Income Tax Brackets And Phaseouts
New 2021 IRS Income Tax Brackets And PhaseoutsEach year, the Internal Revenue Service (IRS) makes rounded inflationary adjustments to the federal income tax brackets and the income phase-outs for various tax deductions and tax credits.Although IRS Publication 17, Your Federal Income Tax, and IRS …
Life Settlements Provide Escape Hatch When You Need Cash
Life Settlements Provide Escape Hatch When You Need CashPerhaps you’ve seen the ads with older adults looking happy because they just sold their life insurance policy for cash. You might have scratched your head and wondered, “Is this for real? Can you actually sell a life insurance policy?”Yes, you …
Do You Have A Digital Estate Plan?
By Bill Monte, CLU, ChFC, CLTC, LTCP, RICP If you were to fall ill or pass away, would your family members know where to find your important documents? Are your records protected from a fire or flood? Due to illness or natural disaster, many families in 2020 found themselves needing to find …