But I’ve Only Owned it a Month!
They are one of the worst aspects of owning mutual funds. Capital gains taxes on funds are charged typically in December, regardless of how long you’ve owned the fund or how much you’ve made over time. Funds might sell appreciated securities for a variety of reasons. Perhaps a stock hit management’s sell target–even in a […]
The Road to a Tax Free Retirement
I was recently quoted in an article that was published in Forbes on how we have worked with one of our clients to reduce Social Security taxes and eliminate his need to take required minimum distributions. To go to the Forbes site to see the article, click here. The Road To A Tax-Free Retirement Ashlea Ebeling […]
Family Finances When Dad’s Losing His Grip
I recently wrote this article for Money Magazine. Follow this link to view it. The unedited version is below: Just the other day, the daughter of a client of mine told me that she did not expect her father to last much longer. I had known that her father’s health had deteriorated somewhat, but he still […]
Something we can learn from the French
Each year when our anniversary rolls around, I’m typically looking for something new to surprise Jennifer with. We both love to travel, so this usually involves a trip of some type. We usually go somewhere warm to scuba dive or somewhere cooler for good snow skiing. Napa was the choice this year because we won […]
Financially Independent Children in the Age of Entitlement
“Father Merchant, Son Gentleman, Grandson Beggar” – Spanish Saying A few years ago, meeting with new potential clients who were considering retirement, it became clear that the biggest hurdle that stood in the way of a successful future was the continued dependency of their adult children. Even though the children were well into their forties, […]
Beat The Clock -Last Minute Qualified Charitable Deductions
Congress has passed the “extenders bill” for 2014 (the Tax Increase Prevention Act of 2014). President Barack Obama just recently signed this into law. This bill revived qualified charitable distributions (QCDs) for 2014 only. There are NO transitional rules allowing 2014 qualified charitable deductions to be made in 2015 so you must get your 2014 it done before the end of […]
Large Tax Hits from Mutual Funds?
Mutual Fund Capital Gains Distributions They show up like uninvited guests, usually in early or mid – December and eat up our profits. They are one of the worst aspects of owning mutual funds. Funds might sell appreciated securities for a variety of reasons. Perhaps a stock hit management’s sell target–not out of the question, […]
Scarcity and Opportunity
If you play fantasy football, you probably understand the economic principle of scarcity. Generally, there are a limited number of draft picks participants can use to maximize the talent on their teams. So, it’s essential to know which positions and players offer the greatest value. If there are a lot of great quarterbacks and defenses […]
RISE UP – A Tribute to Patriots Day
What Do Falcons Do? “RISE UP” This past weekend we took our Franklin Wealth Management team to Atlanta for the weekend to see the Falcons in their opening game against the Saints. Our team has been working hard to achieve the many goals we set for them and this past weekend was a reward well […]
Attorneys Win: Inherited IRAs Lose Protection
Last Thursday in our Inherited IRA Workshop we discussed how the Supreme Court has determined that some retirement accounts should no longer be considered retirement accounts. In June, a ruling written by Judge Sonia Sotomayor determined that Heidi Heffron-Clark, who inherited an IRA from her mother in 2001 and filed for bankruptcy nine years later, could not shield […]
