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Reminder to First Responders – Tax Relief from Early Retirement Withdrawal Tax Penalties

Written by Stephen Ostrofsky, CFP® Even today, many deputy sheriffs and firefighters that I meet with are still unaware of changes in tax laws that provide significant tax relief from IRS penalties levied against pre-591/2 withdrawals made from certain employer sponsored retirement plans. The Trade Priorities and Accountability Act of 2015 (H.R. Bill 2146), also…

Law Enforcement Professionals Face Significant Risks from Health and Custodial Care Costs

Written by Stephen Ostrofsky, CFP® During a recent client meeting with a PBSO deputy, we reviewed their employer benefits designed to subsidize health care costs during retirement. The retirement benefits provided significant sums to my client, but was it enough to offset expected health and custodial care costs? What we found many retirees face significant…

Life Settlements Offer Boca Raton Residents Opportunity to Unlock Value of Unwanted Life Insurance Policies

Life Settlements might seem not at all morbid to some Boca Raton residents but they mean big bucks for those who understand how to sell their unwanted life insurance contracts. Owners of life insurance policies who may or may not be the insured can sell ownership interest to a non-related third party. The life insurance…

Manage Your Wealth Using Trusts to Maximize Charitable Giving While Minimizing Estate Taxes

Managing your estate to maximize your wealth for you and your family can be accomplished through the use of two types of charitable trusts. Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs) are two types of trusts known as, split-interest trusts used by individuals and families for managing taxes in an estate plan while…

Reminder to First Responders – Tax Relief from Early Retirement Withdrawal Tax Penalties

Law Enforcement Professionals Face Significant Risks from Health and Custodial Care Costs

Life Settlements Offer Boca Raton Residents Opportunity to Unlock Value of Unwanted Life Insurance Policies

Manage Your Wealth Using Trusts to Maximize Charitable Giving While Minimizing Estate Taxes

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