Category Archives: Recent Posts

Death, Marriage and Taxes

The financial planning implications of the Supreme Court’s recent rulings are significant.   On June 26, 2013, the U.S. Supreme Court announced its rulings on two landmark cases related to same-sex marriage. The 5-4 decisions bolster the federal benefits available to same-sex married couples and remove the legal challenges to same-sex marriages in California. In the first case, the court struck down Section 3 of the Defense of Marriage Act of 1996 (DOMA), which defined marriage as the union of a man and a woman. This case involved a claim by Edith Windsor, who sought a refund from the IRS … Read more

Posted in Estate Planning, Portfolio Management, Recent Posts, Taxes |

The Sequester is Coming?

On March 1, $85 billion in federal budget cuts are supposed to take place – and it doesn’t look like they will be delayed any longer. Congress went on recess last week, so there was no concerted legislative effort to stave them off (in the manner of the fiscal cliff deal). At this point, the cuts seem inescapable. How might they impact the economy and your portfolio? Is the Consumer Economy Being Affected? A February Pew Research Center poll found that 29% of Americans didn’t even know about the sequester, while 40% said that they should be allowed to happen. … Read more

Posted in Commentary, Portfolio Management, Recent Posts, Taxes |

A Review of the 2013 Tax Law Changes

When President Obama signed the fiscal cliff bill into law on January 2, a host of major federal tax changes ensued. Some were long planned, and others occurred to a greater or lesser degree than anticipated. Here are the details on those tax changes and many others – the details taxpayers absolutely need to know for 2013. The bad news is that Americans are going to see significant tax increases this year. The good news is that some of the tax breaks from 2010-12 were preserved, and a couple of expired tax perks have even been brought back. Estate and … Read more

Posted in Recent Posts |