Jun 2014

IRA Rollover Trap

A recent IRS Announcement has created a dangerous tax trap for people using IRA Rollovers. The IRS will now follow the decision from the recent tax court case of Bobrow v. Commissioner. This decision holds that a taxpayer may make only one tax -free, 60-day rollover between IRAs within each 12-month period.

Jun 2014

Update on Long Term Care Policy Issues

Premium increases on existing long term care insurance (LTCi) policies have been dramatic over the past few years. In general, these increases reflect higher claims against the policies than the carriers anticipated.

Jun 2014

Is an In-Service Withdrawal Right for You?

By Kristan Anderson, CEBS, CFP®

First, what is an in-service withdrawal? An in-service withdrawal is a provision available in some company-sponsored retirement plans that allows for participants aged 59 1/2 or older to withdraw all or part of the their 401(k) or profit sharing plan balance and roll it into an IRA while still eligible to participate.

Jun 2014

Millennials – Planning for the Future

By Glen J. Buco, CFP®

In general terms, Millennials are the segment of the population born between 1980 and 2000, ranging in age from 18 to 33. They are sometimes referred to as “Generation Y,” and are the children of the baby boom generation.