estate planning

Insuring a Vacant Home

by Michael on May 8, 2014

I’ve noted in the past that my parents are getting older and have experienced some health problems. Unfortunately, this has resulted in them having to move out of their house (my childhood home) and into assisted living. And guess what? Insurance companies don’t like empty houses. Sure, we’ve kept the […]

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Wise Words From Warren Buffett

by Michael on Mar 6, 2014

Warren Buffett’s annual letter to shareholders has always been a treasure trove of investing insight. This year’s letter, which was recently released, is no different. Among other things, Buffett urges individuals to stay within their “circle of competence,” saying that: “Most investors, of course, have not made the study of […]

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Over the past week, I’ve been giving myself a crash course in Medicaid planning. I guess that’s what happens when your parents advance in age and start having health problems. In case you weren’t aware, most states require the elderly to spend down their assets to a few thousand dollars […]

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Putting a Cap on Retirement Accounts?

by Michael on Apr 12, 2013 · 3 comments

One of the big pieces of news out of President Obama’s budget proposal was a proposed cap on retirement accounts. You may have heard rumblings about this in the form of a possible $3M limit on balances across all of your retirement accounts. Today I want to shed a bit […]

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Advantages of a Roth IRA

by Michael on Jan 14, 2013 · 2 comments

After singing the praises of traditional (i.e., tax-deferred) retirement accounts, I thought it was only fair to highlight the advantage of Roth retirement accounts, too. Obviously, Roth accounts are nice because, though your contributions are non-deductible, all qualified distributions are tax free. But the advantages don’t stop thereā€¦ At least […]

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Leaving People Out of Your Will

by Michael on Sep 24, 2012

My father-in-law recently passed away and we just received a copy of his will. As it turns out, his final wishes were for his estate to be distributed to just a subset of his children (there’s no spouse in the picture). In doing this, he didn’t specifically state that he […]

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