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There has been a lot of press lately about the high cost of divorce. Not the legal fees (although those alone can be staggering enough to be deterrents) but the unanticipated expenses. Apparently there can be many surprises along the way.

According to Ron Lieber, who writes the YOUR MONEY column for “The New York Times”, the obvious first decision is whether to use traditional legal channels to resolve the major financial and custodial issues  

Before our economic woes got our undivided attention, one of the greatest fantasies for employees and business owners was the idea of being able to take early retirement. But with the staggering unemployment numbers, it means that for far too many, early retirement has become a forced retirement.

If you are one of the millions of Americans trying to get back into the job market or back into businesses,  

Our current financial situation will make any buyer of any new financial product think twice about what they are buying as well as the integrity of whom they are purchasing the product from. However what many people miss is the need to be be as equally vigilant in evaluating those assets they already own.

Very soon, Joe, the plumber, will say good-bye to his twenty minutes of fame and return to his real calling, unclogging drains and fixing leaky pipes. Joe’s absurd rise to notoriety made me think of the real unsung heroes in our communities who earn their living working with their hands and their hearts. Their voices are rarely heard, but their observations about life could provide some of our greatest wisdom.

It is not only students who have much to learn this year. With all of the changes taking place in the world of 403bs, teachers and administrators are going to have to also be very diligent in keeping up with their studies.  With all of the plans and protocols in a state of flux, it has never been more important for you to understand your options as well as have the right tools to evaluate your options.

If an IRA owner dies and leaves his IRA to a nonspouse beneficiary, that is considered to be an “inherited IRA”.

Example:
 

Many of my widowed and divorced clients have gone on to remarry later in life (maybe even for a third time). It’s wonderful that they’ve found happiness, but from an estate planning point of view, it can be a real challenge to make sure that love does conquer all. Given their later stages, re-marrieds come to the altar with an array of entanglements- children, grandchildren, property, businesses, assets, health  

Many pre-paid tuition plans are sponsored by state governments and have residency requirements. State  

Despite the fact that well over 30 billion dollars has been diverted from the market, over the first 23 days of October did that really make the investors that moved their money feel any better about their portfolios? More importantly was it the right thing to do?

With the down market in 2008, you might have sold off some of your losses. Did you know:

1. You can offset your losses against any capital gains dollar for dollar. In addition, you can write off $3000  

Whether Youre A Corporate Executive, Business Owner  Or A Professional, The Chances Of You Or Your Key men Or Partners Suffering A Significant Loss Of Income Due To A Disability Are Staggeringly High.

The time has come for a new addition to the traditional estate planning process, I’ll call it  “The Family Meeting.”  Since talking about the things we don’t want to talk about can be extremely difficult, it unfortunately most times just doesn’t get done.  However, this “Family Meeting” can become one of the most important and pivotal things we can do for and with our children and grandchildren.

You know the drill. New Years is approaching and that means making your resolutions to improve on everything that didn’t go as planned. This year, however, we’ve all gotten a huge wake- up call and the need to regroup is far more urgent because our finances were so affected by the economic collapse. In addition, much of what we thought we knew about investing, saving and planning ahead has been redefined. Of course we still have to make sensible decisions, including reigning in expenses, but here are some ideas on how to approach the coming year to help you become more fiscally fit.

Life seems to just get more challenging for all of us. Who could have predicted the economic crisis that our country is facing today? I am sure that we will all pull together as Americans and get through this crisis but we are in for tough times.

With that in mind, it is important to take steps to ensure that each one of us