Category: Personal Planning

529 College Savings Plans

529 College Savings Plans Pros and Cons

0 Comments

If you are wondering what is 529 college savings plan, then, you are not alone. You’ve probably heard about qualified 529 plans or state-sponsored 529 college savings plans. Congress created

Read Full
Is Whole Life Insurance Attractive

If Whole Life Insurance Is So Attractive, Why Haven’t I Heard?

0 Comments

So you’ve read about how the best whole life insurance consists of: coverage for your entire life; guaranteed premiums; the tax-deferred cash value build-up; tax-free death benefits;  tax-free access to

Read Full
Effect of Interest Rates Changes

The Effect of Interest Rates Changes on Your Financial Situation

0 Comments

When discussing bank accounts, investments, loans, and mortgages, it is important to understand the concept of interest rates. Interest is the price you pay for the temporary use of someone

Read Full
Capital Gains Tax on Property or Investments

6 Tips to Manage Capital Gains Tax on Property or Investments

0 Comments

If not tracked and managed properly, capital gains tax can come as a large surprise at tax-filing time. In fact, many taxpayers don’t realize they have a capital gain until

Read Full
Pros and Cons of Whole Life Insurance

The Pros and Cons of Whole Life Insurance!

0 Comments

Whole life insurance, also known as traditional permanent life insurance, is one of the most common and oldest forms of life insurance. A whole life insurance policy covers one’s entire

Read Full
Advance Medical Directive or a Living Will

Why Does a Doctor Need an Advance Medical Directive or a Living Will? Find Out to Protect Your Assets!

0 Comments

Every day doctors come across families that are struggling with acceptance and death. When a loved one is sick beyond cure, it is indeed an emotional, ethical and legal gridlock.

Read Full
Smart Estate Planning Options for Doctors

Tax Deduction Tips – Smart Estate Planning Options for Doctors

0 Comments

Even a couple of years back estate tax and income tax were not as foreboding as they are today. Children often moved into their parents’ houses after their parents passed

Read Full

Spousal Planning: Take Care of Excess Proceeds to Enjoy Tax Deduction

0 Comments

The marital deduction is a great way to save taxes. It is two deductions that have a common purpose. The marital deduction has the power to shelter asset and property

Read Full
tax cut

The Tax Cuts and Jobs Act of 2017 Highlights

0 Comments

A Comparison of Key Provisions of the House and Senate Approved Versions On December 2, 2017, the U.S. Senate approved its version of the Tax Cut and Jobs Act of

Read Full
Section 6166

Section 6166: How It Can Become Your Knight That Protects Your Business

0 Comments

Fair market value of property within an estate is the real retail value of the property. It ideally depends on the standard of “highest and best use.” It usually results

Read Full