Archive for the ‘Blog’ Category

Social Security – In Trouble and Just Getting Worse

27/11/13 8:00 am | Comments (0) | Posted By:

The middle of the month has just passed and with it my bi-monthly cursing of getting taxed, specifically for social security. This is a tax that I’m supposed to be paid back sometime starting thirty years from now in my sixties, but I highly doubt that. According to a study by the Urban Institute, a person who turned 65 in 1980 received $2.12 fo...

What is a Trust Protector? Are They a Fiduciary?

21/11/13 10:36 am | Comments (0) | Posted By:

  In trust law, a Protector is a person appointed under the trust agreement to direct or restrain the trustees in relation to their administration of the trust. Historically, the concept of a Protector developed in offshore jurisdictions where settlors were concerned about appointing a trust company in a small, distant country as sole trustee...

Plan on working past 65? It takes some planning!

14/11/13 1:01 pm | Comments (0) | Posted By:

The fastest growing segment of the labor force is workers over the age of 65,  according to the U.S. Bureau of Labor Statistics. If you plan on working past 65, there are some issues to be aware of that author Mark Miller points out in his Wealth Management.com article: Social Security timing: It doesn’t make sense to take Social Security ...

“Repair Regs”: Capitalize or Deduct?

07/11/13 4:38 pm | Comments (0) | Posted By:

  Here is a common question, “when do I have to capitalize an expenditure and when can I deduct it as a repair or maintenance item?” The difference between expensing and capitalizing can mean the difference between an immediate deduction at full value versus a deduction spread out over the useful life of the asset. In September 2013, th...