Posts Tagged ‘ financial planning ’

Lending Money to Family – Don’t Forget About “Imputed Income”

IRS Commissioner Douglas Shulman Addresses The AICPA Annual Conference

Let’s say you want to lend a significant amount of money to your child, another family member or even a friend.  To further help, you decide that you want to make the loan without interest (or at a below-market rate).  Bully for you – you should be commended for your support and assistance to your…

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Last Week in Estate Planning (June 26 to July 2, 2011)

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A happy Independence Day to everyone!  I hope your extended weekend is enjoyable, satisfying, and cool.  Hopefully, the following list will help condense the amount of time you spend reading estate planning articles and posts during the holiday. Top Stories of the Week Individual State Developments In Florida:  “New Legislation, Part II”, Jeffrey A. Cramer, Esq.,…

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Don’t Have $5 Million? 50 Reasons to Get an Estate Plan Anyway

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“Estate Planning” is somewhat of a misnomer.  For example, let’s check out The Free Dictionary’s definition of “estate”. You’ll find that the majority of the 8 provided definitions associate the term either with land or with some kind wealth, social position, or political power.  Read more...

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MDP Ethics (or “I’m a CFP Again, But Keep it on the Down Low”)

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I would like to take this opportunity to announce that I am once again a Certified Financial Planner (CFP).  I took a brief hiatus from this designation but now have re-qualified.  I am now entering my 15th year of CFP-dom.  Read more...

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Confidence in our Retirement: Is “The New Normal” More of the Same?

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The 2011 Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI) was recently released and is beginning to receive a good amount of press coverage.  This is mainly due to the fact that the report indicates that Americans’ confidence in their ability to afford a comfortable retirement has dropped to unprecedented levels in the…

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A Funny Thing Happened at the Deli…

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A young couple sits down at the local deli with their baby asleep in the stroller.  It is an unseasonably warm day outside with birds chirping, a light wind blowing and barely a cloud in the sky.  However, the beauty surrounding them escapes the couple because they cannot decide what to do about their finances.…

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An Easier Way to View Life Insurance (Part I)

20th President Garfield's Life Insurance Policy via wikipedia

If you are considering including estate planning in your financial plans, it is pretty much imperative that you look into life insurance.  As the main purpose of life insurance is the protection of your family after you pass away, it is an obvious tool recommended by attorneys, financial planners, life insurance agents, financial reporters and…

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Building Your Estate: 2 Essential Debt Reduction Concepts

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First in an occasional series about foundational financial planning strategies. I have been fortunate enough to receive some nice feedback on this post about ways to spend an extra $1,000.  In the following weeks, I will take an individual look at each of the 12 foundational strategies listed as ways of building your “estate” more…

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