On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012. This Act, known as ATRA, brought us back from the “fiscal cliff” for tax purposes and, for the first time in 12 years, gave us a permanent set of estate, gift, and generation-skipping transfer tax rates and exemptions.
There are enough articles on new tax rates, feuding politicians, and deficit concerns to keep us reading for months. This newsletter is no exception. However, most people are really interested in answering one question: “How does it affect me?”
ATRA was widely reported to raise taxes on upper income taxpayers, but it also included a number of other provisions such as the return of the IRA charitable rollover provision, known as QCDs.
The rise of the family foundation and tips on how to evaluate local charities.
A great investment plan identifies probable risks to an investor's fiscal well being and then provides solutions designed specifically to mitigate - or even eliminate - those risks over the life of the investor. Long-term care insurance is a safe, secure option that allows older adults to have more control over their future.
The Financial Advisors at Wayne Hummer Investments are experienced and credentialed experts in defining and achieving financial goals. Search our directory to find someone you can trust for the guidance you need.
