Tag Archives: taxes

Did you hear the great news about Estate Taxes?

Financial Fitness, , ,

The Internal Revenue Service announced October 30th, 2014, that the 2015 estate-tax exemption will rise to $5.43 million per individual from $5.34 million this year, due to an inflation adjustment. Married couples can get the benefit of two individual exemptions, so the total exemption per couple will be nearly $11 million.  Only about 3,700 estates, or 0.12% of the total, are expected to owe federal estate tax this year. The top estate tax rate on amounts above the exemption is 40%.

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Top 10 Questions to Ask about Your Financial Vulnerability

Financial Fitness, Retirement Info, , , ,

How financially vulnerable are you?  According to a 2010 LIMRA report “Facts About Life 2010,” more than 40% of Americans say the reason they don’t have more life insurance is because of other financial priorities, like saving for retirement.  Furthermore, nearly 70% of American households with children under 18 would be in financial jeopardy if the primary breadwinner died.  Even if you feel financially secure today, there are factors outside your control that could impact that security tomorrow.  Become more proactive and purposefully begin a plan that will provide protection, growth and security in spite of uncontrollable life events.

The following are some common questions that require definitive answers to establish solid plans for those “what if” events.

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