It is true that most people will see their income tax rates lowered in 2018, but is it possible that despite having their rates lowered, some may actually owe more in income tax? The answer, unfortunately, is yes, given that…
Most people do not realize the power of beneficiary designation: Your beneficiary designation may result in family members becoming disinherited, or the government may restrict the amount of funds designated to an 18-year-old heir. A few examples of what to…
There has been much in the news about fiduciaries recently given that the Trump administration may be considering the delay or repeal of the Department of Labor's proposed fiduciary rule. As with most news features, it can be difficult to…
The personal financial services industry is going through a major metamorphosis for the better, and it is creating a true profession. At present, the overwhelming majority of the financial industry is sales- and relationship-driven. The majority of advice that financial…
Could you be on the hook for your parents’ long-term care expenses? The answer is YES! In about 30 states, including Pennsylvania, there are laws called filial reasonability or filial support laws, which may obligate children to help defray their…
Individual Retirement Accounts (IRAs) come in two varieties—the traditional IRA and the Roth IRA. The traditional IRA allows you the opportunity to claim a tax deduction on your income tax return for contributions made to the IRA, and you must…
Every year a hot topic surfaces in the world of personal finance. In 2015, “How do I protect my identity?” has been at the top of the list. The answer normally involves paying for a monthly service to monitor credit…
No parent dreams of their family being torn apart when their estate is settled. Rather, they hope the passing of life is a time of solace and family unity providing comfort after the loss of a parent. In recognizing that the…
As a Comprehensive Financial Advisor, among my services are risk management, investments, estate planning, retirement planning, cash flow management, debt analysis and tax planning. The one that energizes me the most is reducing your tax obligations through perfectly legitimate tax…
By Sue Slowinski Individual Retirement Accounts (IRAs) come in two varieties—the traditional IRA and the Roth IRA. The traditional IRA allows you the opportunity to claim a tax deduction on your income tax return for contributions made into the IRA,…