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Useful Articles
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Ingram and Associates
"Meeting all your financial needs"
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Understanding the New Roth 401(k)
There are plenty of ways to save for retirement. And come January 2006, many Americans will be faced with evaluating and deciding whether to use a new tax-sheltered way of investing for retirement -- the Roth 401(k).
View this article | | Exploring Identity Theft
It used to be enough for financial planners to help clients minimize losses by making them aware of the risks inherent in various financial assets—even securities backed by the U.S. Treasury—and by steering them away from imprudent asset allocation and unsuitable investments.
View this article | | A Primer on Living Benefits
Baby boomers, as they move toward retirement, are beginning to question how they will maintain their standard of living during their golden years. For many, the need to create lifetime income will require the use and integration of many investment products, perhaps including variable annuities.
View this article | | Preparing Financially for Disaster
Disasters – be it hurricanes, earthquakes, terrorist attacks, or wildfires – are sadly an inevitable fact of life. And just as you might protect in advance your house and personal belongings from disasters, so too you must prepare your personal and financial information.
View this article | | PROS AND CONS OF PREPAYING YOUR FUNERAL
Preplanning your own funeral, while difficult for most of us, can help ease the emotional and financial burden for your survivors at a stressful time. But should you pay in advance for your funeral?
View this article | | Investment Policy Statements for Trusts
Foundations, trusts and retirement plans are required to have an investment policy statement. Wealthy individuals, as well as anyone with money earmarked for goals such as retirement or college education, should have an investment policy statement. Often referred to as an IPS, the investment policy statement is the basic building block in an intentional investment process, according to Creating an Investment Policy Statement by Norman M. Boone, M.B.A., CFP®, and Linda S. Lubitz, CFP®.
View this article | | The Three Most Common Life Insurance Mistakes and How to Avoid Them
If the beneficiary you’ve named dies before you and there is no back-up beneficiary, or if you’ve deliberately named your estate as beneficiary, the proceeds (in most states) may be doomed to needless state inheritance taxes or have a higher state death tax rate than if the proceeds were payable to a named beneficiary.
View this article | | HOW TO MAKE YOUR OWN HEALTH CARE DECISIONS WHEN YOU CAN’T
As the contentious case of Terri Schiavo painfully illustrates, should you become physically or mentally incapacitated it’s best if you can avoid forcing other people to read your mind.
View this article | | Financial Education for Minorities
All Americans are in need of financial literacy and financial planning. But minorities are seemingly in particular need of the information, knowledge and skills required to navigate what is increasingly becoming a complex financial services market.
View this article | | Small-Business Succession Planning
Of all the things facing a man or woman from the moment he or she becomes chief executive officer of a large company, few have a higher priority than determining who will succeed him or her when it becomes necessary.
View this article | | Financial Checkup
It’s one of the six steps of the financial planning process. But, oftentimes, it’s the one step that gets overlooked. It’s the sixth step – the annual financial check-up.
View this article | | ARE FLEXIBLE CERTIFICATES OF DEPOSIT RIGHT FOR YOU?
Rising interest rates have made certificates of deposit attractive again, but some investors have a concern: being locked into a long-term traditional fixed-rate CD should interest rates continue to climb. To counter this concern, banks are offering flexible, interest-sensitive CDs that allow investors to take advantage of rising traditional rates. But as with all investment products, you need to investigate these CDs carefully before buying.
View this article | | SAVED BY THE BELL: CONSOLIDATING COLLEGE LOANS
The school-loan bell is about to ring and you don’t want to be late.
View this article | | Taking Time to Understand the 2006 Tax Changes
The Internal Revenue Code is not ordinarily thought of as a gift that keeps on giving, but, with 2005 having given way to 2006, it does contain several sections which provide for keeping more of what you will be earning and saving more for your retirement—on a tax-sheltered basis—out of what you keep.
View this article | | Changes In Store For Medicare and Medicaid
President Bush signed into law in February the Deficit Reduction Act, otherwise known as the fiscal year 2006 budget reconciliation bill. That law, which contained more than $39 billion in cuts, including $6.4 billion from Medicare and $4.8 billion from Medicaid, has plenty of changes in store for seniors.
View this article | | Figuring Out the Financial Aid Formula
Few areas of financial planning are more complicated for parents than ensuring that their children will have enough money to pay for tuition, room, board, books, transportation and other related expenses. But the payoff—the likelihood that a good college education will expand their children’s opportunities to enjoy gratifying careers and higher lifetime incomes—is worth planning for.
View this article | | HOW…AND WHY…TO SAVE MORE MONEY
Want to save more money in your household, but you’re not sure how? Or perhaps you’re not even sure why you should save more. Here are a few tips from CERTIFIED FINANCIAL PLANNER™ practitioners about how and why to increase your savings.
View this article | | YEAR-END TAX PLANNING TIPS
Although it’s too early to know what your taxable income will be in 2005, it’s not too late to
plan strategies to lower it by means of legitimate tactics that can impact your total income,
the expenses you may deduct against it, or both.
View this article | | PREPARING FOR THE NEW MEDICARE DRUG BENEFIT
Starting January 1, 2006 Medicare will offer for the first time in its 40-year history coverage for
prescription drugs. The coverage, which is called Medicare Part D and is voluntary, will be
available to all people with Medicare, regardless of income level and resources, pre-existing
conditions, or current prescription expenses, according to the Centers for Medicare &
Medicaid Services (CMS).
View this article | | A PRIMER ON CHARITABLE DONATIONS
Americans have long responded generously to people in need. Witness the torrent of checks to the
victims of recent hurricanes and earthquakes. But while such acts remind us of the generosity of
Americans, they also serve as reminders about the financial side of charity, including:
View this article | | Preparing for the New Medicare Drug Benefit
Starting January 1, 2006 Medicare will offer for the first time in its 40-year history coverage for prescription drugs. The coverage, which is called Medicare Part D and is voluntary, will be available to all people with Medicare, regardless of income level and resources, pre-existing conditions, or current prescription expenses, according to the Centers for Medicare & Medicaid Services (CMS).
View this article | | A Primer On the National Saving Rate
The Commerce Department recently announced that the nation’s personal saving rate, calculated as a percentage of disposable (or after-tax) personal income, had fallen to a negative number for the first time since October 2001. The national savings rate fell to a negative 1.1 percent in July 2005, followed by a negative 0.7 percent in August.
View this article | | Caring for Elderly Loved Ones From Afar
There was a time when family members – grandparents, parents and children alike – lived in close proximity to each other, often in the same house. But that was then and this is now. And now, it’s becoming increasingly common for family members to live in different parts of the country. That trend is fast colliding with care-giving for the elderly.
View this article | | Evaluating the Need for Insurance in Retirement
Of all the changes that come in retirement, few are likely to give you more concern than dealing with money. Your concern is, of course, understandable and widely shared because so much of what will happen is unpredictable. That’s especially true of how long and how well you may live—whether you live long enough to have to lower your standard of living so that you can stretch your nest egg to avoid the horror of outliving your money.
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Wisconsin, West Virginia, Wyoming.
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