Anthony Bardi's Loose Change Newsletter

Anthony J. Bardi

Registered Representative

Enrolled Agent, LTC# 454

Tax and Financial Solutions, Inc.

151 SE 223rd Avenue

Gresham, OR 97030

Phone: 503-666-7909

May/June 2019

Retirement Savings for Non-working Spouses

To build retirement savings and Social Security benefits, you generally need the types of earned income from which payroll taxes and retirement plan contributions come. But even if you never earned income, you may still qualify for certain spousal benefits.

Put Your Wishes in Writing

Living wills, healthcare proxies and healthcare powers of attorney are all types of advance directives, which are legal documents that allow you to spell out your decisions about end-of-life care ahead of time.

Life Insurance and Taxes

Life insurance is sometimes called the gift of love. In its most basic form, you buy a life insurance policy for its lump-sum death benefits directed to your beneficiaries. For most people this benefit is a way to financially protect loved ones, but there may be tax consequences, too. The following examines how life insurance may affect your overall.

Know Your Risk Exposure

While most businesses have basic property and general liability insurance, they may have risk exposures elsewhere. Conduct an insurance audit to find out where.

Summer Fun on a Budget

Summer is traditionally when we find time to kick back, take a vacation and enjoy the weather. This season can also take a bite out of your budget. Here are a few tips to help you not break the bank this summer.

When You Need a Trust

While you can create a will yourself through an online legal service, consulting with your legal, tax and financial professionals may help you uncover financial challenges that a will alone cannot address. A trust may help you meet these challenges. Whether you have a modest estate you wish to shield from the public glare of probate or you want to reduce estate and inheritance taxes on a large estate, there is a trust to meet almost any estate planning challenge.

Five Reasons You Need a Will

Having an up-to-date will is one of the most important planning steps you can take in any area of your life. If you don’t believe this, consider these reasons why you might change your mind. Through a will, you can:

Plan for Change

When you anticipate and plan for various changes that could affect your business, you increase the likelihood that it will prosper over the long term. Similarly, you’ll want to pay attention to changes in your business that could affect your personal financial or estate strategies. Here are some events that should trigger a review.

Lowering Taxes After Age 65

Managing your taxes in retirement is important as ever. In retirement, you may have income from various sources, with each one having tax rules that might differ from others. One nasty tax surprise can reduce your fixed income in retirement without an easy way to make up the loss. However, understanding the rules can help minimize taxes.

Seasonal Businesses

For many businesses, summer earnings will comprise the vast majority of their income. How do you get the most from this short season?

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Tax and Financial Solutions, Inc. and LTM Client Marketing are unrelated companies. This newsletter was created by LTM Client Marketing and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Avantax Wealth Management^® or its subsidiaries.
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