What Investors Should Know If Trump Cuts Capital Gains Taxes By: Barry E. Haimo, Esq October 8, 2020 As an investor, it’s always wise to keep an eye on Washington and make adjustments to your portfolio and annual tax planning accordingly. Recently, President Trump...
Financial Planning: Joint Accounts Mean Joint Pain Barry E. Haimo, Esq. May 7, 2015 In the right circumstances, a joint bank account can be a useful tool for transferring money and avoiding probate. But while setting up a joint bank account with a family member, loved...
The Overlap between Estate Planning and Financial Planning By: Barry E. Haimo, Esq. November 3, 2014 Estate planning aims to ensure your affairs are in order during life and after death. It focuses on five things: i) appoint fiduciaries to stand in your shoes when...
Inherited IRAs Lose Important Ground By: Barry E. Haimo, Esq. June 25, 2014 Click here to read this post for a basic introduction to IRAs. As you know, one of the benefits of IRAs is that they are protected from creditors. This is particularly true in Florida,...
The Basics: IRAs 101 By: Barry E. Haimo, Esq. June 18, 2014 Background: Â An Individual retirement account (“IRA”) is a financial vehicle with many benefits to the person who created it as well as his or her family. Some of the benefits include: Tax...
