by Joe Allaria CFP®, MBA | Dec 20, 2024 | Article, Estate Planning, Risk Management
Term vs. Whole Life Insurance Key Takeaways: Term life insurance is typically far less expensive and covers you for a fixed period — ideal if you want affordable protection during years with major financial obligations. Whole life insurance costs more but provides...
by Joe Allaria CFP®, MBA | Oct 16, 2024 | Article, Estate Planning, Risk Management
How Much Life Insurance Do I Need? Key Takeaway:You should base how much life-insurance you need on what your death benefit must cover — debts (like mortgage or loans), future expenses (children’s education, etc.), and income replacement for loved ones — so total up...
by Joe Allaria CFP®, MBA | Apr 10, 2024 | Article, Estate Planning, Portfolio Management
Assets and Aging: Should Parents & Adult Children Co-Own Assets? Key Takeaway: Co-owning assets with an aging parent is usually not recommended because it can create tax problems, expose the assets to the child’s risks, and unintentionally override the parent’s...
by Joe Allaria CFP®, MBA | Jan 27, 2021 | Article, Estate Planning, Portfolio Management, Tax Planning
5 Financial Impacts of the Democrat Blue Wave Key Takeaways: Historically, markets have done reasonably well under all political combinations, so a unified Democratic government isn’t a reason by itself to bail on stocks. While higher taxes, more deficit spending, a...
by Joe Allaria CFP®, MBA | Nov 30, 2020 | Article, Estate Planning, Retirement Planning, Tax Planning
College Savings: Is a 529 Plan Right for Your Child? Key Takeaways: A 529 plan is popular because earnings can grow tax-deferred and qualified withdrawals can be tax-free, and anyone can contribute with flexibility to change beneficiaries. The downside is the strict...
by Joe Allaria CFP®, MBA | Jan 13, 2020 | Article, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning
5 Things the SECURE Act Has Changed for Individuals Key Takeaways: Required minimum distributions now start at age 72 (with the first one due by April 1 of the following year). Most non-spouse inherited IRA beneficiaries can no longer stretch withdrawals over a...
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