People who are too wealthy to qualify for either a deductible individual retirement account (IRA) or a Roth IRA have the option of contributing to a non-deductible IRA. Assuming they meet the basic criteria to contribute to an IRA,1 they can...
Thinking of starting a limited liability corporation? If so, you're not alone. About 80 percent to 90 percent of new practices choose that form of business structure, according to Philip Palaveev, senior consultant at Moss Adams, a Seattle...
The rapper Notorious B.I.G. had it right: The more money we come across, the more problems we see. If planning for wealthy people is daunting, planning for the ultra-rich those with net worth in excess of $50 million is exponentially more involved...
Buy/sell agreements are security blankets for small business owners, but the pacts can breed a false sense of the warm and fuzzies, if not properly handled. The agreements, of course, spell out how a business will proceed financially when faced...
There is one thing that can be deadly medicine to the financial health of even well-prepared clients: long-term care. This year, the number of men and women over the age of 65 who will need long-term care will hit nine million, or about 3 percent...
Health care costs are likely to be any retiree's greatest expense. Financial advisors, then, need to address the potential havoc health risks can have on a client's financial plan. The problem is: How to get clients to actually give personal...
The Terry Schiavo case incited passionate debate about a number of different issues. While opponents squared off on emotionally charged topics like quality of life and the government's proper role in such an event, there was unanimous support for...
At 6 feet 1 inch, 247 pounds and only 31 years old, Tedy Bruschi doesn't fit most people's profile of a stroke victim. But just two weeks after helping his team win the Super Bowl, the star New England Patriots linebacker was in an ambulance...
Brokers often take a shortsighted view of their careers, and this usually turns an effort to convince them to think about their own retirements into an uphill battle. Indeed, given the average advisor's zeal to earn as much as possible as quickly...
Merrill Lynch is taking a radical new look at how retirement and baby boomers are perceived and it could change the way their advisors structure their retirement businesses. A new study from the firm asserts that the oft-predicted baby boomer...