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1
Best Tax Software for 2019
2
Splitting Inherited IRAs
3
The Granddaddy of ’em All: Keogh Plans
4
Managing Your Money and Your Relationships
5
Why We Include Real Estate in Investment Portfolios

Best Tax Software for 2019

Regardless of whether you are doing your personal or business taxes, you need a tax software program that accommodates your needs. Incomplete forms and errors are the last things that you want to deal with when filing your taxes, and filing as a military family can add even more confusion as you may be dealing with more unique complications. Having a high-quality and accurate product that is developed for your specific situation is critical. We’ve taken the time to find the top 15 tax software products on the market, outlining their key features to help you pick the right one.… Read More

Splitting Inherited IRAs

In the case of an inherited IRA, splitting it often is desirable in order to better accommodate a distribution plan after the primary owner dies. This can be done prior to the death of the IRA owner, or it could be done after the death of the IRA owner, as long as it’s accomplished before the end of the year following the year of death. Why is this important? When an IRA is inherited by a non-spouse individual, that individual is required to begin taking distribution of that IRA. The required distribution is based either upon the heir’s age or… Read More

The Granddaddy of ’em All: Keogh Plans

Ah, the poor, misunderstood and neglected Keogh (KEE-og) Plan. You don’t get the press that your fancy relatives 401(k), IRA and Roth, or even SIMPLE achieve… it seems as if the investment discussion world is completely abandoning you.
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First brought into existence in 1962 (yes, it’s a late-boomer like me!) the Keogh or HR10 plan is essentially a vehicle that allows the self-employed to establish pension plans just like the big companies can. A Keogh plan can be either a defined benefit (traditional pension) or a defined contribution (such as a 401(k)) plan. The Keogh plan has the same attributes… Read More

Managing Your Money and Your Relationships

Kiplinger says “ Want to Protect Your Wealth? Then Manage Your Relationships,” noting that the way you relate to yourself and others can affect your financial outlook.

The very first person who may mismanage your money is…you. It helps to know your own habits and shortcomings and to be honest about them to maintain wealth. Otherwise, it is easy to fool yourself into thinking that you are a better money manager than you actually are. And if you think this advice is just about not overspending, think again: someone who is risk-averse may also jeopardize their financial future by …

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Why We Include Real Estate in Investment Portfolios

We construct portfolios out of various asset types in order to diversify, or spread out our risk. To spread risk we choose multiple asset types of differing profiles. Most often these asset types include domestic equities (US-based stocks) and domestic fixed income (US-based bonds), which provide for basic diversification. Then, we include additional asset types in order to achieve further diversification. Examples of additional asset types include commodities, foreign equities, foreign-denominated bonds, and real estate. It is important to keep in mind as we review various asset classes for inclusion in our portfolio, that we must achieve appropriate return for… Read More

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