by Kathryn A. Flanigan | Feb 1, 2013 | Uncategorized
The beginning of the New Year is always full of resolutions for many of us to make true improvements in our lives. The #1 resolution is to lose weight – but how about what weighs on many people’s minds at all times during the year…namely, money.While...
by Kathryn A. Flanigan | Feb 1, 2013 | Uncategorized
A recent article in AARP The Magazine tackled the issue of financial recovery for boomers who have suffered a job loss in the past few years or have seen their retirement savings damaged in a bear market.To make a move toward recovering your financial stability in...
by Kathryn A. Flanigan | Feb 1, 2013 | Uncategorized
The holidays are over and most of us spent time with family, which for many of us includes aging parents. The economic recession of the past few years has made our parents’ financial concerns our concerns as well, and if you did not find time during the holidays...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
The IRS recently announced a simplified way to take a home office deduction – long considered a potential red flag for an IRS audit – that will be available for the 2013 tax year. The new deduction gives taxpayers the option of deducting $5 per sq. ft. for...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
2013 ushered in not only a new tax year, but also a number of new tax laws. Now is the perfect time to schedule an appointment with your Irvine estate planning attorney to review your estate plan, keeping these things in mind:1. If you don’t already have one,...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
When trying to decide whom to name as the executor of an estate or a trustee of a trust, many people turn to their children or close family members. Parents with more than one child often feel they should name the eldest; however, what should guide your decision is...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
Due to the recent recession and the rising costs of healthcare, it is not unusual for adult children to be providing significant financial support for parents. The good news is that the federal government provides several ways for you to get a tax break for this...
by Kathryn A. Flanigan | Jan 29, 2013 | Uncategorized
A recent news item about a new dating website that matches people based on their credit scores leads us to believe that members of Gen X and Gen Y may be more concerned about financial security then they are generally given credit for.For those in their 20s and 30s,...
by Kathryn A. Flanigan | Jan 15, 2013 | Uncategorized
The IRS has announced 2013 annual inflation adjustments, including an estate tax exemption of $5.25 million per person, up from $5.12 million in 2012. For married couples, the exemption goes to $10.5 million.The fiscal cliff tax deal signed into law on Jan. 2 made the...
by Kathryn A. Flanigan | Jan 15, 2013 | Uncategorized
Planning for a long and prosperous retirement is no longer just about money. Here are six tips for boomers to plan for the new retirement:1. Get healthy. This should take priority even over saving more money, since significantly improving your physical health will...
