65 and working: Should I Enroll in Medicare?
In today’s world, many people continue to work beyond age 65, once the normal age for retirement. Nonetheless, 65 is still the age when people first become eligible for Medicare health insurance coverage. A frequently asked question by those working at 65 is whether they should enroll in Medicare. See the chart below for a […]
What is Stolen Identity Refund Fraud?
Stolen Identity Refund Fraud (“SIRF”) is the stealing of an individual’s identity with the express purpose of filing a fraudulent tax return in the individual’s name to receive a refund. In 2013, the Internal Revenue Service (“IRS”) estimated that over 5 million tax returns were filed using stolen identities, claiming approximately $30 billion in refunds. […]
Barriers to a Comfortable Retirement
The fact that so many Americans are not adequately prepared for retirement has been widely documented. According to a recent government report, about half of households age 55 and over have no retirement savings and many older households without retirement savings have few other resources to draw on in retirement. A comfortable retirement is a […]
How to Pay Taxes in a Sharing Economy? (Uber, AirBnB, Ebay, etc.)
If you’ve ever thought of renting part of your home to strangers, driving your car for hire, or selling your arts and crafts on-line, paying taxes is probably the last thing on your mind. Whether you call it the sharing economy, the gig economy, or peer-to-peer services, all of these on-demand platforms are a growing […]
Peer to Peer Lending and Its Role in FinTech
What Is Peer to Peer Lending? “Peer to Peer Lending” (also known as “P2P Lending”), “Marketplace Lending”, “Crowdsourcing” or the “Grey Market” (what they call it in China)) is a fast-growing and evolving industry. Morgan Stanley research estimates that P2P lending companies could originate up to $480 billion in loans by 2020. Peer to Peer […]
Should I Buy or Lease My Car?
These days, unless you live in a large city, having a car to get around is a necessity. Knowing this, one of your key decisions could be whether to buy your next car or lease it. Although choosing the best option will be influenced by personal preferences on many levels, it is important to understand […]
Am I Ready to Buy a New House?
Many people believe that buying a home is essential. It has been known to be part of the American dream. Owning a home is a big decision, as it usually is a very costly decision. Some people like to point out that buying a home is a great “investment”. Contrary to this belief if you […]
2017 Tax Planning & Trump Implications
With a Republican president-elect and GOP control remaining in both the House and Senate, there is plenty of talk about significant tax reform. However, it’s difficult to plan for something that’s uncertain as there are several tax plans being considered in Washington. In this letter we will focus on tried and true strategies that work […]
I’m retiring! What should I do with my retirement plan assets?
Key fact: According to the Pew Research Center, beginning on Jan. 1, 2011, the oldest members of the Baby Boom generation turned 65 years old. On that day and for every day for the next 19 years, 10,000 baby boomers will reach age 65. Age 65 is the most common age associated with retirement. Baby […]
Medical Sharing- Healthcare Sharing Ministries
Over the past several years, millions of individuals and families have lost their healthcare insurance because their plans did not meet the standards required by the Affordable Care Act, also known as Obamacare. Others have found the health insurance plans available to them are unaffordable, and some object to participating in Obamacare on moral grounds. […]