The ABLE Act (an acronym for Achieving a Better Life Experience) was passed in 2014 to help individuals with disabilities and their families better deal with the expenses that are an essential part of daily living, without negatively affecting their eligibility for public assistance. Many states have since created programs to benefit these folks, which are […]
2016: Year in Review
2016 was certainly full of drama. We began the year with a volatile start to the stock market and concluded it with a post-election, year-end rally. We saw one of the most contentious elections in the U.S. We said goodbye to some well-known entertainers. Internationally, the British voted to leave the European Union and that […]
Contemplating a Move to Canada? Assess These Critical Financial Planning Considerations
Many of us joked about moving to Canada if Mr. Trump won the presidential election, which he did this week. Subsequently, the Canadian immigration website was overwhelmed with traffic and crashed shortly after the election result was announced. Whether there will be an exodus of Americans remains to be seen, and those seriously thinking about […]
Where Do the Presidential Candidates Stand on Tax Policies?
The presidential election is less than three weeks away, one of the items that has been discussed by the two leading candidates in relative details is their tax policies. We have summarized the key points pertinent to the personal income tax realm in the following table.
Infograph: Everything You Need to Know about Joint Accounts
Having a joint account may seem like a no-brainer, or is it? What factors should be considered when you and someone else are planning to jointly own an asset? Take a look at this infograph:
8 Useful Year-End Planning Ideas
Now that summer has (un)officially ended, we are entering a relatively quiet period before the busy holiday season takes over much of our time, it is a great time to do some year-end planning, particularly those that have a expiration date of December 31. Income Tax Mitigation By this time of the year, you should […]
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