Permanent Value

2010 Tax Planning

Nathaniel Ritchison
February 2nd, 2010

Riding off into the Sunset

Some call the 2010 tax year the Sunset Year.  With the Bush tax cuts of 2001 and 2003 set to expire at the end of the year and a new administration taking the reins of fiscal policy, this year will offer little resemblance to a peaceful sunset over the dusty plains of the western frontier.  However contentious this year may be in Washington, there are ways individuals and businesses can plan ahead and get the most out of their 2010 tax return.  Below are a few of the largest and farthest reaching changes for this tax year.

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Maximizing Social Security Benefits

Nathaniel Ritchison
January 13th, 2010

No matter what age you are you’ve probably considered the question, when should I begin taking my social security benefits? This question has become especially timely given the financial reformations that are sweeping through the health care industry and Medicare, and will likely include Social Security in the future. It appears that most retirees are applying sooner rather than later with the applications for retirement benefits skyrocketing by 23% this past year. Who can blame them? Most Americans are applying for benefits as soon as they become eligible in fear that legislation will reduce their benefit in the future. However, once we look at the facts, you may not want to run to apply for your retirement benefit the day you turn 62. Consider these important factors before applying for your retirement benefit: your retirement age, your retirement income plan, and your life expectancy.

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Taking the Time to Care

Nathaniel Ritchison
August 17th, 2009

The first half of life consists of the capacity to enjoy without the chance;
the last half consists of the chance without the capacity.

~Mark Twain

Talking with a loved one about big issues like aging, money, health and end-of-life care can often be uncomfortable and awkward.  But waiting is risky.  It can put you and your family in the difficult situation of interpreting your loved one’s wishes under the most stressful conditions.  So this month I’d like to provide you with some tools to help you start the conversation that no one likes to have:  Preparing for long term care.

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