Here’s something to think about this the next time you’re asked or tempted to provide “financial assistance” to a friend or family member.
Interest rates are still very low, making fixed income investments like bonds and CDs very unattractive. So what should you do if need income from your investments?
Recently I heard about a situation where a retiree had been “advised” to move their IRA money into something called an Insurance Based Retirement Plan. This is just horrible tax advice, here’s why.
Several years ago, we got a call from one of our clients at tax time who was not happy at all with their tax bill.
Instead of a small refund, they were looking at a $12,358 tax bill. Turns out they made one of the most common mistakes we run across.