Archive - February 2018

1
Estate Planning: Not Just for the Uber-Rich
2
Debt and Your Dating Life
3
What’s Going on in the Markets February 5, 2018
4
New Deadline for Rollover of 401k Loan Distributions
5
A Strawberry Alarmist?

Estate Planning: Not Just for the Uber-Rich

THURS, FEB 8th, 2018

Everyone needs an estate plan regardless of financial situation. Such plans range from short simple documents to complex series of interlocking trusts, partnerships and wills. It all depends on the nature of the estate and desires of the family.

When done right, estate planning is more than a plan to transfer assets at death or a way to avoid tax, but rather a structure for families to transfer values to the next generation. Estate planning documents let you make your wishes known both for yourself and your loved ones during life, in the event of incapacity, …

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Debt and Your Dating Life

Would you stop dating someone because of their debt?

Washington Post finance columnist Michelle Singletary admits that while she ‘loathes’  debt, she also would not judge someone based on debt alone. While you do not want someone to take advantage of you or lose out on a good relationship, you also do not want to ignore it if your honey owes a lot of people money.  She offers tips on what to look for in “Is debt a deal breaker when dating? Four signs that it is.”  And before you quiz someone you are dating, you might …

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What’s Going on in the Markets February 5, 2018

It’s been a long time, more than a year, since I’ve posted an article about what’s going on in the markets. Market volatility, until last week, has been mostly subdued. For what seems like years now, markets seemed immune from any meaningful drop. But this still young month of February has seen volatility return with a vengeance.

This means that the U.S. stock market will finally get something that happens, on average, about once a year: a 10+% percent drop—the definition of a market correction.  The last time this happened, known as a bear market, was a whopper: the Great …

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New Deadline for Rollover of 401k Loan Distributions

Under the newly-passed Tax Cuts and Jobs Act of 2017 (TCJA), there has been a slight change for folks who have taken loans from their workplace retirement plan and subsequently left the job before paying the loan back. These 401k loan distributions (as they are known) are immediately due upon leaving the job, considered a distribution from the plan if unable or unwilling to pay it back. This results in a taxable distribution, plus a 10% penalty unless you’re over age 59½.

The distribution could be mitigated by rolling over the same amount of the distribution into an IRA within …

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A Strawberry Alarmist?

“Good sense, innocence, cripplin’ mankind
Dead kings, many things I can’t define
Occasions, persuasions clutter your mind
Incense and peppermints, the color of time

Who cares what games we choose?
Little to win, but nothin’ to lose”

— Song Lyrics from the 1967 hit single “Incense & Peppermints” written by Tim Gilbert & John S. Carter and performed by the group known as The Strawberry Alarm Clock

Suppose somebody came up to you and shouted: “I have terrible news about the economy. I think you should sell your stocks!”
Alarmed, you say: “Oh, my God. Tell me more!”
And this …

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