Articles in "2016 February":

The Taxing Side of Retirement

  Michael Lynch     Mon Feb 22 11:30:00 EST 2016 

Retired woman frowning at the camera

Earlier this month, Punxsutawney Phil, our trusty weather forecasting groundhog, predicted an early spring, which is good news for those who are sick of the cold and snow. Weather aside, his Groundhog Day prediction is also a sign that tax season is officially upon us, and that April 15 will be here sooner than we realize. Now’s as good a time as any for financial advisors to make sure their clients are aware and informed about the landscape of their retirement tax situation, which has a few particulars that can sometimes be overlooked and therefore not accounted for when retirement planning.

Financial advisors can use tax season as catalyst to discuss with their clients three reminders about taxes in our older age:

Don't Get Left Out in the Cold: Helping Clients Prepare for the Worst

  Bill McManus     Wed Feb 10 10:30:00 EST 2016 

Man in snow

A couple of weeks ago, we in the Northeast were buried under about two feet of snow and were left digging ourselves out from what was one of the worst blizzards in recent memory. Records were broken, travel was impaired (to say the least), and several of our nation’s largest cities essentially shut down.

Luckily, we were prepared. Leading up to the storm meteorologists agreed that the weather event would be large scale and could have significant impact on as many as 100 million people. In reaction to the predictions, those of us in the storm’s path armed ourselves with all of the snowstorm essentials: grocery store shelves were emptied; hardware stores sold out of shovels and rock salt; and beer, wine and liquor sales skyrocketed. We had enough warning, and so we were able to prepare for what ended up being a days-long weather event.

But what if we had not had advanced warning? What if the Blizzard of 2016 had caught us off guard? For those who rushed out pre-storm to buy essentials at the last minute, they could have been stuck without a shovel and no tools to protect themselves from being trapped by the unexpected chaos.