Preliminary Tax Forecast

Many of President-Elect Donald Trump’s policy proposals are too vague to analyze, but one area where he has been clear is on reforming our tax system. Here’s a quick primer on the changes that you can expect to be introduced to Congress in the coming year.

1) A shift from seven income tax brackets to […]

Estate Tax Complexities

Years ago, the way to most efficiently save on estate taxes was to set up credit shelter trusts that would pour assets from one spouse to another when death occurred, so that both spouses would get the maximum estate tax exemption. In those simpler days, people who didn’t have to pay estate taxes didn’t have […]

The Doctor on Your Wrist

 

Chances are you think that medical costs are going to bankrupt America, and if we assume that Medicare and Medicaid costs will rise as they have for the past 20 years (despite the brief interlude these last three years), then there is reason for alarm. But ask yourself: how much of those costs […]

The Value of Objective Planning

 

What is the value that people get when they work with an objective, client-focused financial planner?

Most planning firms are reluctant to toot their own horns—partly out of modesty, and partly out of a conviction that you probably have better things to do than read about how they help you with your financial […]

No Shutdown, No Problem

 

The good news from Congress this week is that it looks like the U.S. government isn’t going to have to shut down again due to partisan political bickering. Last week, literally at the last minute, on the day that current funding provisions would have expired, the U.S. House of Representatives created a new government […]

Hiding Profits From the Tax Man

 

On July 14, the Foreign Account Tax Compliance Act became effective, and instantly virtually all foreign banks were required to keep track of, and report on, all assets held by U.S. citizens. Individuals who don’t report income on those assets and pay taxes to Uncle Sam face draconian penalties in excess of the actual […]