I found this column by Liz Weston of Reuters and thought it approriate for this time of year. Whether you are trying to increase your donations for tax reasons or looking to give to a worthy cause, it is important to take your time and do some research. People waste billions of dollars on inefficient, poorly run or fraudulent charities because they do not bother to research where their money is going.
The below was written by Kerrie Debbs, one of our partners here at Main Street Financial Solutions. She sent this to all her clients/prospects and it deals with end of year financial considerations of some popular employee benefits.
You may want to remind your clients of some of the items mentioned.
I hope all of you had a wonderful, relaxing and safe Thanksgiving holiday.
Last week, the Senate passed a budget bill and attached to it were changes to the “File and Suspend” strategy that financial planners have used in the past. Under the new law, individuals can still suspend their benefits, but relatives will not be allowed to submit a new claim for spousal benefits based on the earnings of the worker who suspended his benefits. The article below appeared in the October 31st issue of The Wall Street Journal and does a good job explaining t
At a recent Extravaganza class in Philadelphia, we had a discussion on “Helicopter Parents” and how more and more parents are taking on the financial debt of their adult children. While it is admirable that parents want to lend a helping hand to recent college grads, it is quite another thing to take on debt at the expense of retirement savings.