OK, we made that up. But now would be a good time to do some “spring cleaning” and dust off those beneficiary designations. In fact, we’ve been doing just that. In several recent meetings, we’ve been spending time with clients to discuss and update the beneficiary designations on their accounts. You can take a few minutes […]
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Are You Prepared? What One Financial Journalist Learned When She Was Unexpectedly Widowed
Rave reviews for our guest speaker, financial journalist Robyn Friedman, who led an informative session in our offices last Thursday sharing her personal experiences and financial challenges after unexpectedly losing her husband. Robyn addressed a gathering of clients, friends and guests as part of our ongoing client educational series. She recently published an article in […]
If You Could Turn Back Time …
If something happened to you or a loved one tomorrow, would your finances be in good hands? Or would you (or your loved ones) be scrambling to find statements, pay bills, and locate passwords? Are you ready for the unexpected? Or would you need a “do over” to handle things better the second time around? Women, in […]
Guest Blog: What Happens To Fido Or Fluffy If Something Happens To YOU?
Introduction: Many of us have pets we adore and treat like members of the family. But how many of us have ever thought about what would happen to our pets if we were suddenly unable to care for them due to our death or illness? That’s why I asked Boca Raton attorney Melissa Haluska to write […]
Procrastinating On Your Estate Planning? This Will Scare You Straight
Have you been putting off doing your estate planning? Here’s a story that will scare you straight. Susan B. Garland of the New York Times writes about a family who learns first hand what can happen when a loved one fails to plan for incapacity. North Carolina-resident Terri Black stepped in when her widowed father […]
Making Florida Your New Home? Here’s How To Avoid Tax Problems
We were talking to a new Florida resident the other day in our office. After a lifelong career in media in New York, he called it a day and moved to South Florida to retire. Part of our conversation revolved around what he needs to do to establish residency in Florida and avoid any future […]
Quote Of The Week: You’ve Accumulated A King’s Ransom, But Can You Keep It?
“If you think accumulating a king’s ransom is difficult, try holding onto one.” Steffi Claiden,”Preserving the Family Fortune,” RealAssets Adviser, March 2017 The Takeaway: Holding onto money across generations can be an enormous struggle, says Claiden. 70 percent of the wealthy lose their money by the second generation, and 90% go bust by the 3rd generation. […]
Quote Of The Week: More Seniors Fall Victim To Financial Abuse
“A new survey of caregivers by Allianz Life finds that 37% of seniors have suffered financial abuse. Such abuse can take the form of telemarketing scams, pressure to sign a will, or an empty promise to provide care in exchange for property. Victims of elder financial abuse lose an average of about $36,000, often to […]
Start The New Year Right: Preparing For The Tax Changes Ahead
With the new Trump administration coming on board, we’re likely to see big changes in income taxes before the year is out. Here’s a quick cheat sheet of what you might expect: Details still uncertain. We don’t know yet which – if any – of Trump’s tax reform proposals will be adopted. Republicans in Congress […]
Planning For The Trump Presidency: The Death Of The Estate Tax?
If President-elect Trump accomplishes everything on his ‘to-do’ list, the estate tax could be dead before the next year is out. Back in 1976, almost 8% of decedents were subject to estate tax. That tax, also called “the death tax,” made estates pay steep taxes to the U.S. Government for the right to pass assets to […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
