January 2013

24 Jan

The Fiscal Cliff Deal & Your Taxes

What will change (and won’t change) as a result of the new legislation.

Several tax hikes, some tax breaks. Now that the fiscal cliff deal assembled in Congress is becoming law, it is time to look at some of the tax law changes that will result. Here are the major details in the bill, which will bring significant tax hikes to some households in an effort to increase federal revenues by $600 billion over the next ten years.1

24 Jan

A Caregiver’s Financial Responsibilities

Key questions for you and your family to consider.

A labor of love may come to involve money issues. Providing eldercare to a parent, grandparent or relative is one of the noblest things you can do. It is a great responsibility, and over time it may also lead you and your family to reflect on some financial responsibilities. Here are some questions to consider.

03 Jan

Thank You!

Thank you! Thanks for downloading Charting Your Retirement Course. After reading our ebook, you may have questions about planning for retirement. Parkshore Wealth Management can help you get the answers you need. As independent, fee-only financial advisors, we can work with you to simplify...

03 Jan

Bad Money Habits to Break

Behaviors worth changing for the New Year.

Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns year after year. If you sometimes succumb to these financial tendencies, the New Year is as good an occasion as any to alter your behavior.

03 Jan

A Fiscal Cliff Deal Emerges

A list of key details in the bipartisan agreement.

Better late than never, a bill arrives. While it is late, small-scale, and certainly no “grand bargain”, the fiscal cliff fix that Congress has hastily assembled is welcome nevertheless.

Assuming the measure passes and quickly becomes law, what changes would occur? Here are the major details in the bill, which in the big picture would raise taxes by roughly $600 billion across the next ten years.1

03 Jan

Should You Always Withdraw From IRAs Last?

Conventional wisdom says yes, but there are exceptions.

Shouldn’t you delay IRA distributions for as long as you can? According to conventional retirement planning wisdom, you should structure your retirement withdrawals so that money comes out of your taxable accounts first, then your tax-deferred accounts, and then finally your tax-free accounts. Roughly speaking, that means withdrawing income from investment funds, CDs, money market accounts and bank accounts before taking a dime from your IRAs.