by Arthur Geffen | Aug 4, 2010 | Estate Tax, Income Tax, Retirement Planning
Roth IRAs are a great tax saving vehicle. The reason: Investments held in a Roth IRA are allowed to build up federal-income-tax-free. Later on, you can take federal-income-tax-free withdrawals. Obviously, a zero tax rate is the best rate going. In addition to being...
by Arthur Geffen | Aug 4, 2010 | Income Tax
Taxes on capital gains are going up. The maximum federal rate for long-term gains is going from 15% now to 20% in January, absent an extension of the Bush tax cuts (very unlikely). State and local taxes can easily add 10 points to this rate. Being able to...
by Arthur Geffen | Aug 3, 2010 | Estate Planning Solutions
Estate planning gives people a charge somewhat similar to their teeth cleaning appointment at the dentist. It isn’t much to get excited about, but it is critical to your overall health or, in this case, your financial health. Going without an estate plan is the...
by Arthur Geffen | Aug 2, 2010 | Estate Planning Solutions, Probate, Wills
The current generation of clients is inheriting nice big round amounts of money. However since their own salaries are far, far higher than their parents, the amounts do not look big. This means the `inheritors` may feel bitter about some inheritance...
by Arthur Geffen | Aug 2, 2010 | Estate Planning Solutions, Probate, Trusts
Trusts, wills, codicils, executors, guardians — when it comes to getting your affairs in order, this legal jargon can be overwhelming to those not familiar with the process of protecting and distributing their assets after their death. But individuals such as...
