Category Archive for: ‘Financial Planning’

Are you Ready for Retirement?

Are You Ready for Retirement?

I dream about my retirement all the time. True / False  I know exactly what I want to do when I retire. True / False  I will not mind being confined to my home with a broken foot, with no Internet, Blackberry or any other way to connect to my work available. True / False  I have interests outside of …

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Planning for Retirement

Planning for Retirement

My search for a happy, fulfilling and productive retirement By Dr. Dinesh O. Shah Several of my friends encouraged me to write this brief article in the hopes that my retirement story may inspire others in their retirement years! BEFORE RETIREMENT In the middle of 2007, I retired as a professor after 37 years of teaching and research at the …

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It's Your Money

It’s Your Money

Planning Investments for Tax Advantages (1) Reducing the amount of taxable income (2) Reducing the tax rate (3) Controlling the time when the tax must be paid (4) Claiming any available tax credit Tax-Favored Investments: Capital gains and qualified dividends are taxed at lower rates. Tax Avoidance: Tax avoidance is the legal planning of transactions to take full advantage of …

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Facing the Global Financial Crisis

Facing the Global Financial Crisis

The global financial crisis we face today provides a his torically unique opportunity, an opening, to tap into the power of the hidden source within each of us. When you react to crisis, your door to the mysterious source of power, inner strength, and endurance closes down. Learn how to respond, and you will perceive the tremendous potential hidden behind …

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What it Means to be an Executor

What it Means to be an Executor

Imagine this … you’ve been nominated as the executor of your best friend’s will. You feel honored and at the same time begin to worry about what this means and how do you uphold the responsibilities of your potential future duties. In legal terms, an executor is responsible for settling a deceased person’s estate. In other words, you need to …

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Year-end Tax Tips in an Uncertain Economy

Year-end Tax Tips in an Uncertain Economy

The decline in economic activity has many of our clients seeking advice on how to recover from their investment losses. There are some strategies that may help to reduce your tax liability and give you peace of mind. Unemployment: If you are unemployed, here are some suggestions to generate more cash: you can try liquidating some assets; borrow from a …

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Who Gets Mom's Wedding Ring?

Who Gets Mom’s Wedding Ring?

Recently I attended a function, where I ran into an old friend who explained her story to me. Long story short … she told me she and her husband filed for bankruptcy because of her husband’s medical condition, and they were now living with her mother. I asked her if they had a will, and she shyly said, “Oh, no …

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Wealth Replacement with Irrevocable Life Insurance Trusts

Wealth Replacement with Irrevocable Life Insurance Trusts

Do you have an estate plan? If so, will it provide benefits you can enjoy in retirement as well as minimize your estate tax exposure? The following text outlines an innovative estate planning technique that provides value-added benefits to you and your spouse while you’re alive and helps take care of your family – and even a favorite charity – …

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Financial, Retirement and Tax Planning

Financial, Retirement and Tax Planning

As we plan for the year ahead, many of us also have finances on our minds. In this unstable economy, many of us may be struggling to make ends meet and could be worried about keeping our jobs. Uncertainty can certainly breed stress as we look for ways to protect our investments and save money in the future. This month, …

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