Explaining the Basis of Inherited Real Estate

Explaining the Basis of Inherited Real Estate

What is cost basis? Stepped-up basis? How does the home sale tax exclusion work? At some point in our lives, we may inherit a home or another form of real property. In such instances, we need to understand some of the jargon involving inherited real estate. What does...
Tax Efficiency in Retirement

Tax Efficiency in Retirement

What role should taxes play in your investment decisions? Will you pay higher taxes in retirement? Do you have a 401(k) or a traditional IRA? If so, you will receive income from both after age 72. However, if you have saved and invested much of your life, you may also...
Insurance Needs for Empty Nesters and Retirees

Insurance Needs for Empty Nesters and Retirees

Thinking about coverage as you enter a new phase. With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast approaching peak savings...
Little-Known Homeowners Insurance Facts

Little-Known Homeowners Insurance Facts

You may be surprised to learn what is and is not covered. If you have a homeowners insurance policy, you should be aware of what this insurance does and does not cover. These policies have their limitations as well as underrecognized perks. Some policies insure actual...
How to Stay Healthy as You Age

How to Stay Healthy as You Age

Well-being is one of the most admired mental and physical states for many people in their sunset years. For now, there is no consensus around a common definition of well-being, but there is general agreement that at a minimum, well-being includes the presence of...
7 Ways to Enjoy Your Free Time When You’re Retired

7 Ways to Enjoy Your Free Time When You’re Retired

Retirement is often emotional – it’s a rather strange feeling when your career comes to an end, but it also means that you finally have the time and freedom to devote your days to new occupations. Leaving active life is an opportunity for you to completely...