Last week, on a 61-38 vote, lawmakers pass the bill, which would create a $30-billion small-business lending fund and give $12 billion in tax breaks to encourage companies to invest and hire. This wee, the bill passed the House 237-187. President Obama is expected to sign shortly.
Posts Categorized: Retirement Planning
From THE NEW YORK TIMES (Aug. 6, 2010): FINDING AN ALTERNATIVE TO SELLING & RETIRING
How small-business owners handle the process of retiring or exiting from their businesses will have a tremendous impact on their ultimate level of wealth. Making appropriate decisions in this regard can seem less overwhelming if you see it through the lens of Wall Street: sell, hold, or buy.
5 FACTS YOU SHOULD KNOW ABOUT REAL ESTATE TRANSACTIONS AND YOUR ESTATE PLAN
While real estate can be easily transferred or mortgaged, it is important to seek advice from a qualified professional to adequately protect your property and maintain the integrity of your estate plan. Here are five points to ponder.
Warning Signs of Elder Financial Abuse
America’s vulnerable, graying population, and the concentration of wealth among older adults, has created a massive opportunity for fraud. Hard statistics are not available, but experts suspect that perhaps half a million elderly adults are ripped off by family members, lawyers and accountants every year, potentially taking $2.6 billion from infirm older Americans. The crime is known as elder financial abuse.
Repaying Social Security Can be a Good Deal
From the Stranger than Fiction files: When it comes to Social Security benefits, there is such thing as a “do-over.”
Estate Planning Consequences of the Global Community
Some words of wisdom for people who have assets in, or reside in, multiple jurisdictions.
This is only fair if we get to live longer too
Raising the retirement age is inevitable, given the economy, the state of the budget (at least, that’s what they call it in Washington DC), and the increased life expectancy that modern medical science helps us attain.
An ugly reality: financial abuse of the elderly
Heartbreaking stories like this are way too commonplace. We have had our share of similar, well-publicized problems in Hawaii. A primary mode of elder financial abuse is by the misuse of durable powers of attorney. Powers of attorney can be helpful tools, but they must be carefully managed and maintained, and they must be judiciously granted. It pays to have checks and balances, as well as systems of accountability, in place.