by andrea knazik | Oct 17, 2019 | 2019 Newsletters, Newsroom
The kiddie tax — around since 1986 — came about as an effort to close a tax loophole for the wealthy. The idea was that taxing children’s passive income at the same rate as their parents would eliminate a sneaky reallocation of money just to avoid taxes. Since...
by andrea knazik | Oct 17, 2019 | 2019 Newsletters, Newsroom
Not all reverse mortgages are the same. The home equity conversion mortgage, insured by the federal government, is available only through a Federal Housing Authority-approved lender. For homeowners 62 years of age or older with significant equity in a home, an HECM...
by andrea knazik | Oct 17, 2019 | 2019 Newsletters, Newsroom
Box 1 of Form W-2 shows the employee’s total compensation that is subject to taxation for the year. Per an article published by Forbes, “This tends to be the number most taxpayers care about the most.” Consequently, there’s no room for error....
by andrea knazik | Sep 19, 2019 | 2019 Newsletters
Few things are as traumatic as dealing with the death of a loved one. Just as we’re experiencing pain, legal issues hit us: Insurance companies, reading the will, investments — suddenly it’s overwhelming. And perhaps the most difficult issue is probate....
by andrea knazik | Sep 17, 2019 | 2019 Newsletters
If you’re like many people, you have a great deal of your wealth tied up in traditional IRA accounts. Why? The tax-free benefits have motivated you. But there’s going to come a time when you—or your heirs—will have to pay taxes on this money. Instead of...
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