Last Chance for 2010 Retirement Investment Planning

In Estate Planning by Sarah E. Martello

There are still a few weeks left to take advantage of tax-saving opportunities for 2010 retirement planning.  2010 is a great year to implement or    modify your retirement investments.  The expanded availability of Roth IRAs, coupled with preferential income recognition opportunities for rollovers and other changes making regular IRAs more attractive, provide a savings incentive for retirement planning.   Below is …

Throw Momma From Her Private Jet–Not From The Train

In Estate Planning, Tax Planning by Sarah E. Martello

New York Times columnist Paul Krugman famously  dubbed the Bush 2001 tax cuts the “Throw Momma From The Train Act”, because the estate tax was eliminated for just one year—2010. But as 2010 grinds on without a federal estate levy, it’s becoming clear that Krugman got it wrong.  Any Momma who would ride the rails (even the pricey Acela) probably …

Free at Last…Cost of Goverment Day 2010

In Tax Planning by Sarah E. Martello

With the rising deficit and a substantial economic strain on our Government, it is not terribly surprising that our Government’s financial woes tickle down, resulting in a larger financial burden on Americans. August 19th marked the “Cost of Government Day” for 2010.  This is the day the average American has earned enough gross income to pay off his or her …

Bush Tax Cuts Expire in 2010…Will You Pay Higher Taxes?

In Estate Planning, Tax Planning by Sarah E. Martello

No one wants to be taken by surprise with a super high tax bill for 2011.  With only four months remaining until the expiration of Bush’s tax cuts enacted in the 2001 EGTRRA Bill, a lot of Taxpayers are holding their breath while they scramble to plan for a wide range of alternatives. We are likely to see one of …

Estate Plan Anxiety?? Join the Club…

In Estate Planning by Sarah E. Martello

Many people seem to avoid estate planning either because we do not want to think about death (particularly our own) or we do not want to think about all the paperwork, emotion, and flat-out hassle involved.  It’s kind of like digging out and organizing all your tax information for the year to bring to your CPA…but worse.  Your CPA only …

Incorporating Life and Wealth Tax Planning into your Estate Plan

In Estate Planning by Sarah E. Martello

What are Life and Wealth Plans? Although many “estate plans” merely include a will, I encourage my clients to incorporate a life and wealth plan into their estate plan.  Because estate planning already requires an intensive analysis of your financial bottom-line, it creates a unique occasion to address life and wealth issues without incurring a significant amount of additional cost.  …