The Paycheck Protection Program money is spent, the temporary $600 weekly unemployment supplement is over, and we still need money. We could draw on our savings, sell investments, or take out a loan against our home. Usually,...more
9/25/2020
/ 401k ,
CARES Act ,
Coronavirus/COVID-19 ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Loans ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Retirement Plan Providers ,
Tax Planning ,
Tax Rates ,
Tax Relief ,
Tax Returns
At this time, unless Congress acts, the current lifetime estate tax exemption amount of $11,580,000 is set to sunset in 2025, which means that in 2026 it will revert to $5,000,000 per person, adjusted for inflation. Many...more
8/12/2020
/ AFR ,
Estate Planning ,
Estate-Tax Exemption ,
Financial Planning ,
Gifts ,
Insurance Industry ,
Interest Rates ,
Investment Adviser ,
Investment Management ,
Investors ,
Irrevocable Life Insurance Trusts ,
IRS ,
Life Insurance ,
Loans ,
Promissory Notes ,
Tax Planning ,
Wealth Management