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Wealth Planning

How to Avoid Tax Time Identity Theft

Numerous warnings have been issued in an attempt to forestall financial identity crimes. However, thieves repeatedly find new ways to vex victims. One attack plan involves the filing of fraudulent tax refund claims using stolen personal data. Stay safe this tax season by knowing what immediate action to take if you suspect identity theft. Warning Signs of Tax Return Identity Theft Be alert to possible tax return identity theft if you receive a notice from

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529 Plans Redux

Each year on May 29 the calendar reminds us of the 529 educational savings plan, and opportunities to fund the plan.  However, many people funded 529 plans years ago and are now ready to withdraw the funds for their intended use. Distributed properly, all the earnings in the plan can be income tax free as long as the funds are used for Qualified Higher Education Expenses (QHEE).  However, as is sometimes the case, the devil

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Should You Freeze Your Credit?

According to the Federal Trade Commission, identity theft is at the top of the list of consumer complaints. Despite the best safeguards, it has become clear that we can’t always control the way people access or use our personal information. Even the IRS isn’t immune to scammers. The Government Accountability Office reported that $5 billion in erroneous refunds were paid in 2014 as a result of fraudulent filings. In 2018 Equifax, one of the three

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Planning for Your Earning Cycle: Medical Professionals

Wealth management for medical professionals requires a different planning approach. Medical professionals typically earn less income in early earning cycles compared to the traditional American worker. When their earnings balloon, they often do so quickly and then stabilize at a high base. Fortunately, you can compensate for the dramatic drop in a healthcare professional’s salary. All it takes is wise planning during the earning years. A Smart Approach to Wealth Management for Medical Professionals We

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Long Term Care Insurance: An Overview

Much of today’s population will eventually require some form of long term medical or personal assistance care as they age. How these people receive and pay for services will drive their long term care (LTC) experience.  Even if you think you are well versed in the ins and outs of LTC, you might be surprised to know that long term care includes a surprising range of services and complexities. Long term care support may occur

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