Dec 2014
2015 Pension Plan Limits
The IRS recently announced cost-of-living adjustments to annual contribution limits to qualified retirement plans. The following chart summarizes a number of the changes:
Dec 2014
Financial Planning Focus – Beware the Pitfalls of Designating Your Trust as a Beneficiary for your IRA or 401(k)
Many of our clients have created a trust as part of their estate planning, or have experience with a family member’s trust. A trust is a financial tool that can assist with the handling of your legal and financial affairs, both during life and after death.
Dec 2014
Financial Planning Focus – Investing in Art
Georgia O’Keefe’s “Flower” painting set a new record for a work by a female artist, grabbing $44 million at auction late last month. Also in November, Andy Warhol’s signature silk-screen of Elvis Presley yielded $82 million, and Alberto Giacometti’s “Chariot” was sold for $101 million. The recent surge in artwork prices represents the growing interest in art as an investable asset.
Dec 2014
Financial Planning Focus – Will You Outlive Your Money?
According to new estimates from the Society of Actuaries, the average 65 year-old will likely live until their late 80s. On average, women are expected to live until age 88.8, while men are expected to live until age 86.6.