Latest Headlines
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The Sticky Business of Life Settlements
A life settlement is the sale of an existing life insurance policy to a third party. The buyer (or investor) continues the premium payments and collects upon the seller’s death. How much depends on the life expectancy of the insured: the sooner the seller dies, the more the investor makes. The Washington Post calls these “ghoulish products.” -
Divorce, IRS Style
Most states have eased their divorce laws, but it’s not uncommon for a court of one state to invalidate a divorce obtained in another, further complicating your life—and perhaps raising troublesome tax issues. -
Educate Yourself for Tax Planning
Want to lose less to the IRS? Organizing that ever-growing accumulation of records in your desk drawers, closets, and other storage spaces is just the first step for effective tax planning. -
Women Heading into Retirement Face Bigger Obstacles
Various studies show that a lifetime of low salaries, poor saving and investing skills, and inconsistent employment threaten the stability of retirement. -
Health and Financial Decisions
We have the right to make our own financial and health care decisions. To prepare for future illness or disability, you should have a will and a power of attorney in place. To this end, the ABA Commission on Aging provides an online brochure. -
Give Now or Later?
Is it better to slowly transfer your wealth in your lifetime or transfer your wealth at the time of your death? What are the tax implications of each decision? -
What Are Social Security Trust Funds
What are Social Security trust funds, how do they work, and what are they used for?
