Tax Cuts and Jobs Act of 2017: What Taxpayers Need to Know

As you are likely aware, the Tax Cuts and Jobs Act of 2017 (TCJA) has passed Congress and was signed by President Trump. But you may want to know more about how this tax reform could affect you.

Cybersecurity Tips for Safer Online Holiday Shopping

The holiday season is a busy time for everyone—especially cyber thieves. While shopping online for the best deals, it’s critical to be aware of common scams and risky online behavior that could ruin the holidays. Keep these tips in mind to better protect yourself.

Is the second leg the next one to go?

Some years ago when thinking about retirement planning the concept was that of a “three legged stool”.

They were:

First leg - Social Security.

Second leg - whatever you could save on your own.

Third leg - a pension from your employer.


What’s with all the stuff?

Most people have heard about the mass transfer of wealth over the next couple of decades. That is not the only transfer that will be taking place. As Baby Boomers are entering their golden years they have spent a lifetime accumulating stuff.

What is a Roth 401(K)?

A relatively new retirement plan option in employer sponsored retirement plans is the Roth 401(K). Instead of making contributions on a pre-tax basis when you contribute to your traditional 401(K), the Roth 401(K) must be funded with after tax money. The advantage of forgoing reducing your taxable income for this tax year is that all the growth can be withdrawn tax free during your retirement years.

Alternative Strategy to Long-Term Care Insurance

Healthcare costs can be devastating for a couple in their later years and Long Term Care (LTC) expenses can be especially so. For this reason many people purchase LTC insurance as a way of protecting their assets. Nursing home costs can run over $10,000 per month (Genworth LTC cost study) but to insure for this would cost many thousands of dollars per year and is out of reach for most people. So if people purchase LTC insurance at all it often times is for partial coverage.