Tax Tips: Health Insurance

Your client’s health insurance coverage probably came in handy several times over the past year. It all seemed so simple at the time—they paid a deductible, and their insurance usually kicked in the rest. But what do they do at tax time? Just what are they taxed on, and what can they deduct on their federal income tax return?

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How a QTIP Trust Works

 

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Market Update for Month Ending 06.30.17

Mixed returns in June cap strong second quarter

Large-cap equities did well in June, even as technology stocks ran into turbulence. The Dow Jones Industrial Average and S&P 500 Index posted solid gains of 1.74 percent and 0.62 percent, respectively. But the technology-laden Nasdaq suffered, finishing the month down 0.87 percent. 

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Understanding Advance Directives

If you became seriously ill and could no longer communicate your wishes, how would you want to be cared for? Which treatments would you want, and which would you want to avoid? Advance directives allow you to convey your decisions for end-of-life care to family, friends, and health care professionals, helping prevent confusion down the road.

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Disintegration of the European Union: What it Could Mean for you

2017 is a critical year for Europe. The outcomes of the many local and national elections in the member states of the European Union (EU) will define the future political and economic structure of Europe. But why is this union of 28 countries so important, and what are the implications for you should it disintegrate?

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What You Need to Know About TOD Accounts

A relatively new option for clients, transfer on death (TOD) accounts offer a unique beneficiary feature. Unlike similar non-retirement accounts, TOD accounts allow investors’ assets to transfer directly to their designated beneficiaries when they pass away, circumventing the probate court process. The TOD registration, which is available for both individual and joint accounts, not only streamlines the account disbursement process, it also lets account holders rest assured that their beneficiaries will receive the intended amount of assets.

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