Several years ago, we got a call from one of our clients at tax time who was not happy at all with their tax bill.
Instead of a small refund, they were looking at a $12,358 tax bill. Turns out they made one of the most common mistakes we run across.
Is long term care insurance a ripoff
Recently I spoke with a couple who wanted to know whether or not I thought long-term care insurance was a ripoff. The answer I gave them might surprise you.
Annuity creates surprise tax bill
Someone, most likely an annuity salesperson, may have told you an annuity is a good way to reduce your income taxes. Well, here’s a situation we came across where an annuity created a huge tax bill that came as a big surprise to the family.
Entire IRA lost due to a distribution error
Trusts are complicated. IRA required minimum distribution rules are complicated too. When you mix the two together by naming a trust as an IRA beneficiary, bad things can happen. Here’s an example…