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It’s never too early to think about how and where you want to live when you’re older. How far in advance do you plan vacations? A month at the very least, right? You’ve booked the flights and hotels, taken time off of work, gotten the kids out of school and looked forward to it from the moment you made the final arrangements. This is the positive way we like to view Eldercare. Granted, the circumstances

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Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. When you hit a certain age of your life, you may realize that one topic keeps coming up in conversations with your friends: care for aging parents. The concerns aren’t limited to health care managing money is also a big problem. Parents aren’t likely

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BCG_SOCIAL-IMAGES_INSURANCE_AH_V02

Whether you are just starting your career, in your peak earning years, or enjoying retirement, your insurance protection needs may change over time. Life cycle planning helps identify insurance needs that are common to particular stages of life. This can help individuals and families examine their insurance requirements in order to make future plans. Starting Out Between the ages of 25 and 35, many people are just starting out in life—getting married, establishing families, and

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BCG_SOCIAL-IMAGES_INSURANCE_AH_V01

“There’s a time and place for everything.” You’ve probably heard that expression a bunch of times. In fact, you’ve probably used yourself, as well. That age old axiom applies to so many different things. And, life insurance is no exception. Over the years, a variety of life insurance products have been created to meet the needs of individuals like yourself. That’s how the concept of survivorship life was conceived. Survivorship life (also known as second-to-die

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The Internal Revenue Service (IRS) accepts the following reasons for failure to file tax returns on time: 1. Late receipt of the return, although it was mailed in time to reach the IRS by the deadline (as evidenced by the postmark). 2. Filing to the wrong IRS District Office. 3. Death or disability of the taxpayer or a member of the immediate family. 4. Unavoidable absence of the taxpayer. 5. Destruction of a taxpayer's residence,

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The April 15th tax deadline always seems just around the corner. Preparing in advance to file your federal income tax return might help make a sometimes overwhelming process easier to tackle. Fortunately, the Internal Revenue Service (IRS) has established several convenient methods to help each taxpayer file promptly and with ease. Electronic Filing (E-File) Since computers have become a part of everyday life, the IRS has implemented several filing methods known collectively as e-file. Whether

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BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V02

One of the more onerous tax issues facing business owners is determining what type of employee compensation is taxable. This may be especially true for small business owners who often wear many administrative hats and may not have the luxury of an in-house accountant to answer complex tax reporting questions. Generally, an employee’s wages are considered taxable compensation. However, the term “wages” can be somewhat misleading. In addition to actual earned compensation, federal and many

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BCG_SOCIAL-IMAGES_TAX-PLAN_AH_V01

Caught up in the emotional turmoil that usually accompanies divorce, it is easy to for estranged couples to overlook the serious financial issues that arise as they seek to divide up their assets and establish independent lives. But even in the midst of fraught divorce proceedings, it is important to consider the tax implications of property division, custody arrangements, and child and spousal support agreements. To steer clear of potential tax-planning pitfalls, consider the following

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Put Yourself First Start Saving Now Many people are jubilant if their expenses equal their income, but in the long-run it will be difficult to save and invest unless your disposable income exceeds your expenses. Like a diet, budgeting only works in the short-term if it involves deprivation. In addition, many people find immense frustration if they must delay satisfaction (purchasing the things they feel they need or want) for so long that their budget

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Free Tax Preparation Did you know that a free, Federal income tax preparation and electronic filing program called Free File is available to U. S. taxpayers with adjusted gross incomes (AGIs) of $58,000 or less? Free File was developed through a partnership between the Internal Revenue Service (IRS) and the Free File Alliance (FFA), a group of private sector tax software companies. The Free File program allows taxpayers to do their own Federal income tax

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