perm at home

Not a “One-And-Done”: The Importance of Reviewing Your Estate Documents

You know how there are some things in life that you really only need to do once and not feel compelled to ever do them again? Wisdom teeth removal, home perms, and puberty all come to mind here. However, other things that might seem like “one-and-done” issues actually bear repeating. For example, how often should you review[…..]

hand in hospital

Three Legal Strategies When Facing A Major Health Event (Guest Post)

Curtis Kaiser, Esq., a professional colleague and a personal friend of ours, recently wrote his own blog post on Major Health Events. To me it was impactful and I asked Curtis if we could share it with our clients and friends.  Last month, Curtis volunteered a day of his time to be Counselor for a Day in[…..]

Decorated Christmas tree branch with holiday pastry

A Season of Firsts: Financial Tips for New Widows and Divorcees During the Holidays

As any new widow or divorcee knows, the initial year after her transition is full of firsts—the first birthday alone, the first anniversary alone, the first vacation alone—and among the most challenging of these can be the first holiday season alone. “The most wonderful time of the year” may not feel so great this year and the[…..]

closeup of electronic calculator buttons

The Complexities of Capital Gains Rates

Most of us know that taxes on capital gains are more favorable than other types of taxable income.  For “ordinary income”, the tax brackets have rates of 0%, 12%, 22%, 24%, 32%, 35% and 37%.  Ordinary income is comprised of things like wages, interest income, and IRA distributions, among other things. To contrast, capital gain rates are 0%, 15% or 20%. […..]

saving

U.S. Savings Rate: Better than we thought (but not good enough)

Quick: What is America’s national savings rate?  If you guessed less than 5%, you’d be close, but the scarier figure reported by the U.S. government’s Bureau of Economic Analysis (BEA) this year was just over 2%. This precipitous decline in savings by Americans has been the source of a lot of hand-wringing especially when compared to their[…..]

US dollar versus China yuan

What to Make of the 2018 “Trade War”

The past few weeks, we’ve finally seen evidence that the investment markets are getting jittery about the escalating tit-for-tat tariffs and threats of tariffs that some economists are calling “America vs. the World.”  Many investors are wondering whether new taxes on items flowing into and out of the U.S. really are something to worry about and the[…..]