Posts by Rob Cordeau, CFP®
Frequently Asked Medicare Questions
We get a lot of questions from clients and non-clients about what Medicare is and what it covers. Here are our answers to the Medicare questions we get the most. What is the difference between Medicaid and Medicare? Medicare is a federally funded health insurance program. The program primarily covers people who are either age…
Read MoreHarvesting Gains and Losses (No Prior Farming Experience Needed)
You may have zero interest in agriculture, but trust me when I say that anyone with a taxable investment account should be thinking about harvesting – gain/loss harvesting, that is. You can safely ignore gains/losses in tax-qualified retirement accounts – like your IRA and 401k. Those accounts are only taxed based on withdrawals, not on…
Read MoreCharitable Planning – Leveraging Those Gains
There are few things more rewarding than giving of your resources in a way that has a positive and profound impact on the lives of others. Fortunately, the IRS encourages this type of generosity by classifying donations to qualified charities as tax-deductible. As a result, it’s possible to “do good, while doing well.” But what…
Read MoreProposed Tax Reform – What Do We Know, and What Planning Steps Should You Take?
NOTE: On 11/2/2017, House Republicans released a bill incorporating nearly all of the proposals listed in their initial framework proposal. The bill provided some clarity in terms of specific breakpoints for tax rates, details on which deductions would be eliminated or reduced, etc. While this sheds some light on the direction that tax reform is…
Read MoreHow Can You Protect Yourself from Identity Theft and Data Breaches?
Data breaches are a constant concern in our modern society. As the latest in a long string of data breaches, Equifax recently announced they were the target of a cyberattack in which the sensitive information of nearly half of all Americans was compromised. You can follow this link to see if you’re one of the 143…
Read MoreFinancial Deadlines You Don’t Want to Miss in 2016
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Read MoreWhat’s Really Going to Happen When Social Security Runs Out of Money
One of the hottest topics in retirement income planning over the past several years has been how to help individuals strategize on their Social Security claiming decisions.
Read MoreA Tax on Giving – Understanding the Rules of the Gift Tax
Getting taxed once is hard enough, but getting hit a second time on the same dollars? That’s enough to give a compliant taxpayer the urge to toss crates of tea into Boston Harbor. Whether double taxation like the gift tax is morally right or not is a topic for another article. But if you understand the gift…
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