Social Security Full Retirement Age Increases

Posted · Add Comment

What is Full Retirement Age? Why is it Important? How is Full Retirement Age Changing in 2017? Were you born after January 1, 1955? If so, you should be aware that the Social Security Full Retirement Age is increasing starting this year. This impacts your benefits – and not in a good way. Full retirement […]

Resolutions to Protect Family

Posted · Add Comment

During the holidays, families gather together and celebrate the season with their traditions. Many anticipate seeing the new baby, eating Aunt Penny’s red and green M&M cookies, going to candlelight church service, having a special family game night or just being still in front of a fireplace together. Families are not necessarily blood relatives but […]

Planning for Getting Older

Posted · Add Comment

It’s 2017. Another year has disappeared into history. If you are like me, the older you get, the more quickly each year seems to pass. January is the month when people make resolutions for the New Year. If you are over age 60, and especially if you have reached age 70 (like me), consider this […]

Congress Passes Special Needs Trust Fairness Act

Posted · Add Comment

The Special Needs Trust Fairness Act provides that individuals with disabilities can now create their own special needs trusts instead of having to rely on others. The Act was included as Section 5007 of the 21st Century Cures Act which was signed into law by the President on December 13, 2016. The Act corrects an error in existing […]

Uncertain Future for Federal “Death Tax”

Posted · Add Comment

The IRS has released the annual inflation adjustment amounts and tax rate schedules that will apply in 2017. Included are the new gift and estate tax exclusion amounts for 2017. The new inflation adjusted numbers are available in Revenue Procedure 2016-55. They apply generally to transactions or events occurring in calendar year 2017. Estate and […]