It’s always fun to be quoted in the national press. I guess I showed up on cnbc.com last week. Good fun during quarantine!! The article is about ways to avoid/dampen “sequence of return risk” while withdrawing savings during your retirement. Using a reverse mortgage is just one solution. There are others that I spoke about to the reporter that didn’t make it in print… BUT are part of many “retirement income roadmaps” that my clients hire me to design for … Continue reading

COVID-19: New SBA Loans for Small Businesses The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA), which is authorized to provide loans to small businesses on an as-needed basis. There are two types of relief you can apply for—read on. Economic Injury Disaster Loans Traditionally, low-interest SBA Economic … Continue reading

As part of The Coronavirus Aid, Relief, and Economic Security (CARES) ACT in response to the COVID-19 Virus, here is some important but not yet widely-known financial information. 1) ANYONE who would otherwise have a Required Minimum Distribution (RMD) in 2020 will NOT be required to take an RMD in 2020. Of course, you can take an RMD or other distribution from your IRA but it will not be required in 2020. If someone already took an RMD for 2020, which … Continue reading

Every week in our community’s small newspaper there are 4-5 quick stories about normal (educated) people who have been scammed out of there money or their private/personal information which will be used to scam them at a later time. It can happen to anyone! In this BLOGPOST I describe the latest scam involving Social Security checks and then make a prediction of an even bigger scam to begin as early as next week which will set its sight on Americans … Continue reading

Beat the Unfair $10,000 SALT Cap with a C Corporation C corporations cause double taxation for business owners, so you probably think you want to avoid them at all costs. And for many of you, this is true, as the S corporation often provides the lower overall tax outcome. But for some of you, the C corporation could provide the best tax outcome because it bypasses the $10,000 state and local tax (SALT) deduction cap, which was introduced by the … Continue reading