Future Financial Images

The Senate and the House of Representatives passed H.R. 4872 (the Health Care and Education Reconciliation Act, or the “Reconciliation Act”). The Reconciliation Act amends H.R. 3590 (the Patient Protection and Affordable Care Act, or “PPACA”), which is the Senate health care reform bill that President Obama signed into law earlier this week. 
The Reconciliation Act [...]

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The federal estate tax is dead–at least for now.
It’s 2010, and the temporary, one-year repeal of the federal estate tax is in effect. The failure of Congress to either extend the 2009 estate tax rules into 2010 or enact a permanent estate tax law has created several unfortunate consequences. Here are some things you need [...]

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Question in an internet chat discussion…
Stephanie in Lawrence: Nobody wants to answer my question. I was devastated by a loss of $16,000 in my variable annuity last year. If I can claim the loss on my taxes, it will give me a few dollars back but, I don’t know if it’s worth pursing. My tax [...]

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Financial planning in retirement usually has two primary goals. Create a steady, dependable stream of income and preserve retirement savings. One idea which may assist in achieving these retirement objectives is the split annuity concept.
What is a split annuity?
An annuity is a contract purchased from an insurance company that can be used to accumulate [...]

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