The U.S. Supreme Court has held as unconstitutional Section 3 of the Defense of Marriage Act (DOMA), which defines marriage for all federal law purposes as only a legal union between a man and a woman. Practically speaking, federal law must recognize valid marriages of couples in states legalizing same-sex marriages. This decision will revolutionize federal tax and benefit […]
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Will You Outlive Your Assets? The first step in tackling longevity risk is to figure out how much you can realistically afford to withdraw each year from your personal savings and investments Many Americans do not realize that one of the greatest risks to their financial security in retirement may be outliving their money. According […]
Paying off debt is easier once you stop using your credit cards. The recession — and subsequent slow recovery — has caused millions of Americans to focus even more closely on living within their means. If you are ready to face up to your own financial realities, one crucial step is to set out […]
It is difficult to create an effective investment plan without first targeting a specific dollar amount and recognizing how much time you have to pursue that goal. Only 14% of American workers say they are “very confident” they will have enough money to live comfortably throughout retirement. 1 To help reduce such uncertainty from […]
Having your retirement portfolio in one place can make it easier to track performance, ensure proper asset allocation, and make changes. How many retirement accounts do you have? If you’ve changed jobs a few times over the years, you could have several accounts housed in different employers’ plans. While it is certainly acceptable to leave […]
Year-end tax strategies for 2012 are complicated due to the ongoing uncertainty around the “fiscal cliff.” However, one fact is definite: An effective tax plan is specific to a taxpayer’s individual situation. Without the extension of the Bush tax cuts, one can be sure that tax rates will increase in 2013. Being armed with knowledge is the best defense in the present environment of uncertainty, and year-end tax planning need not be one’s worst nightmare.
Consider shifting fixed-income investments to tax-exempt municipal bonds, since income from munis is not considered net investment income for surtax purposes. As part of the Patient Protection and Affordable Care Act, a 3.8% surtax on investment income is scheduled to go […]
About PPS Advisors
The PPS Advisors Team is led by Larry Passaretti, Managing Director. Larry has over 25 years of financial investment planning experience.
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- DOMA Decision Impacts Same-sex Couples Planning June 28, 2013
- Strategies for Managing Volatility July 27, 2012
- 3 Keys to Financial Success: A Teacher’s Perspective on How to Save July 20, 2012