You have put your hard earned assets in one or more annuities. Do you how your money is taxed when you take it out of the annuity? Do you know how annuity withdrawals are taxed to your beneficiaries after …
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How to Leave an Inheritance to a Child or Other Beneficiary
You have worked hard your entire life and have accumulated some savings. There will be some left after you are gone. You want to leave what’s left to your children or other loved ones. If you are like many others …
Do Your Have All Your Real Estate Documents?
When you bought your home, there was a cascade of paper that you thought would never end. It seemed like you were signing for hours. When you were done, you were given a legal size envelope filled with a stack …
Annuities – The Untold Story
You have worked hard your entire life to save up your nest egg. It might be your IRA, 401(k), tax sheltered annuity or brokerage account. You want to find a place to park your nest egg that is safe, but …
Business Provisions of 2017 Tax Cuts and Jobs Act Effective in 2018
Last week, we discussed the individual provisions of the Tax Cuts and Jobs Act of 2017, which was signed by President Trump on December 22, 2017. This week we are going to cover the business provisions of the act which …
2017 Tax Cuts and Jobs Act – How It Affects You in 2018 and Beyond
You have probably heard about the new tax act. On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017. Although a number of the recent tax acts were made retroactive to the beginning …
Claiming Unclaimed Property in Michigan
There are numerous ways that the unscrupulous will try to separate you from your money. Have you ever received a letter or phone call from someone claiming that they found money that is owed to you? It appears that the …
Wouldn’t it be Nice to Have a Personal Financial Assistant?
Are you a senior and still handling your own bills, investments and finances? If so, studies have shown that you likely believe that you can handle your financial matters as well as you could when you were in your 40’s …
Should You Cosign or Guarantee that Loan?
You love your family, your children, grandchildren, nieces and nephews. You do not like to see them struggle or have a difficult time with life. Your parenting/grandparenting instincts kick in and you just want to “help” them out. It is …
Putting your Financial House in Order
If you haven’t heard already, April is National Financial Literacy Month. It is a great time to pay particular attention to financial education. According to a 2017 US Bureau of Labor Statistics survey, 46%, or nearly half of American workers …