Its not the strongest but most adaptable to change who survive Charles Darwin
Information and news for a Changing World
By Alan Goldfarb
Participation in qualified retirement plans, such as 401(k)s or some other form of a defined-contribution plan, has always been a mixed bag. Often, despite considerable efforts from companies, participation rates among rank-and-file workers fall well below expectations. When this happens, it obviously jeopardizes future retirement-living standards for those workers. A less obvious consequence [...]
by Alan Goldfarb
As a growing number of American companies dive into the global marketplace, the need for seasoned, skilled executives is stronger than ever. For top executives, that’s great news: Outside their window is a huge market for their talent.
For company owners, however, today’s competitiveness is only making it harder and harder to retain valued [...]
By Alan Goldfarb
Participation in qualified retirement plans, such as 401(k)s or some other form of a defined-contribution plan, has always been a mixed bag. Often, despite considerable efforts from companies, participation rates among rank-and-file workers fall well below expectations. When this happens, it obviously jeopardizes future retirement-living standards for those workers. A less obvious consequence [...]
Wealth transfer opportunities: A silver lining in today’s economy
Using trusts to transfer wealth
Part two of two
by Richard Kohan
Partner, Private Company Services/Personal Financial Services
The use of trusts offers asset protection for children as well as many other ways to reduce taxes while providing for and protecting your family members or others and, at the same time, [...]
by Bruce Fenton
Originally published in The Fenton Report on March 29, 2004
In 2003, the federal government treated nearly 24 million families to a tax credit check. The U.S. Treasury mailed checks to many people who claimed the Child Tax Credit last year as an advance payment for the credit’s increase (tax law changes in 2003 [...]
by Bruce Fenton
Coming up with a retirement plan to replace a weekly paycheck once retirement comes knocking is essential to making sure your money lasts as long as you do. The basics for designing this plan rest on the “three legged stool of retirement”…government pensions, personal savings and investments, and employer supplied retirement benefits.
An individual [...]
Traditional IRA distributions are taxable at ordinary income tax rates when distributed, either to the owner or beneficiaries. Setting up an IRA to pay out using the Substantially Equal Periodic Payment (SEPP) is an effective way to begin early withdrawals without unnecessary tax.
If IRA account assets are withdrawn prior to age 59 ½, not only [...]
A durable power of attorney should be an integral part of any estate plan. While estate planning is considered by most to be a plan to settle your estate upon your death, it is often overlooked as a way to manage your affairs in the event you become incapacitated and rendered unable to do so [...]
Larger IRAs present major estate planning problems for the owner who wants to maximize the heirs’ legacy, not the federal tax system’s. Given the rate at which IRAs can grow over time, it will not be uncommon to see seven-figure IRAs as the major asset in many estates.
The federal tax system can extract a terrific [...]
This isn’t your father’s retirement plan! No, tax law and company culture changes have shifted the responsibility for managing retirement accounts from the company’s shoulders to that of the employee. And judging by the size of the IRA accounts we see, the employees are doing a pretty good managing job!
It’s the very size of IRA [...]