If long-term care isn’t at the top of your mind for your own reasons, you might be thinking about this issue from the perspective of being an adult child looking ahead to help your parents navigate their own transition to retirement. But even if your most immediate concerns have to do with aging loved ones,… Read More »
Posts Categorized: Uncategorized
Do You Have Your Most Important Papers Protected?
The news has been filled with plenty of stories about devastating and tragic events that have forced people out of their homes suddenly. This is why it’s so important for everyone to have a plan for how they will access their important documents and information if they are suddenly forced out of the home and… Read More »
Plan for The Worst and Hope for The Best with Your Estate
Far too many people put off the process of estate planning because they assume that it won’t happen to them. As anyone who has lived through the unfortunate experience of watching a loved one pass away suddenly and unexpectedly can attest, it is very important to plan for the worst while still hoping for the… Read More »
Future of Estate Planning – Some Musings
At the 2018 University of Miami’s Heckerling Institute, there was a panel that talked about the future of estate planning. The following will summarize some points raised during the panel’s discussion. Some states (e.g. Florida) are allowing e-notarization of legal documents. This is not in widespread use yet (and is not accepted in Massachusetts at… Read More »
A Few Updates Regarding Roth IRAs
At the 2018 University of Miami’s Heckerling Institute, Natalie Choate discussed making a contribution to a traditional IRA and then converting those assets to a Roth IRA (this is an approach to consider if you are over the income limit for a Roth contribution during the year). This is a possible strategy to consider if… Read More »
Some Thoughts to Consider for Those Helping Elders
Here are some random but important things to consider for those helping elders. Reminder: Do not sign personally as the one responsible for the cost of another person’s nursing home expenses. Only sign in your official capacity (e.g. power of attorney agent). You should not sign in your individual capacity unless it is for you… Read More »
A Brief Review of ‘Money in Politics’
At the 2018 University of Miami’s Heckerling Institute, Trevor Potter, of the Campaign Legal Center in Washington, D.C., discussed how Sec. 501(c)(4) tax exempt organizations are being used to finance political campaigns. Sec. 501(c)(4) applies to “civic leagues or organizations not organized for profit but are operated exclusively for the promotion of social welfare… and… Read More »
Changes to Federal Income Taxes under TCJA
The new tax law that went into effect on January 1, 2018 is known as the “Tax Cuts and Jobs Act” (“TCJA”), or Reconciliation Act of 2017, or 2017 Tax Act. The following will provide a brief overview of income tax changes under TCJA. The following is not all-encompassing and should not be relied on… Read More »
History of Needham: Film Screening and Panel Discussion
The decision to move into a senior living community is a big step for retirees and their families. Get the answers you’re looking for from our panel of experts specializing in senior services. This event, will consist of a short film screening and panel discussion to follow. Our panel of experts includes: Audrey Zabin, M.ED.,… Read More »
Guest Blogger- Lorry Sorgman, EA, MST, USTCP, Owner of Small Business Accounting Services
HOME MORTGAGE INTEREST: HOW MUCH IS DEDUCTIBLE? Many who have purchased homes and owned them for ten or twenty years are often surprised by the amount of equity that has increased over time. I know a client who purchased a three family home in Jamaica Plain, MA, in 1976 for $15,500. In 2004, when they went… Read More »