March 2012 Newsletter

Planning Your Financial Future     March 2012

I can’t believe March is almost here.  Time is flying by, and you should have all of your third-party tax documents (W-2s, 1099s, 1098s, etc.).  Many times, I receive these documents from my clients, and they haven’t opened them.  You should review them for potential errors, and if necessary, get an amended document issued.  Most of the time, the documents are correct, but mistakes can happen.

Four Money Mistakes You Might Be Making
Three years after the economic crisis led many Americans to reevaluate their financial picture, economic uncertainty is still the norm. While there’s little you can do about the shaky economy, you can help your own finances stabilize over the long term by evaluating what you’re doing right … and wrong.

Inheriting an IRA–What You Need to Know
The rules governing inherited IRAs can be complicated. If you inherit an IRA from someone who isn’t your spouse, your options are fairly limited. If you inherit an IRA from your spouse, you have many more options. Here are the major issues to consider.

Women and Estate Planning

They say men are from Mars and women are from Venus, but is this true when it comes to estate planning? Absolutely. And because women often find themselves in such different circumstances than men, it is even more crucial for them to educate themselves about estate planning, and consult an experienced estate planning professional.

Can reducing my credit card debt actually lower my credit score?
While it makes sense to transfer balances subject to high interest rates to accounts with lower rates (and then concentrate on paying down what you owe), consider waiting to close the paid accounts. Keeping them open may actually improve your credit score.

How can I tell if I have too much debt? It may sound like a bad joke to say that you have too much debt when you find you’re unable to borrow more, but there is more truth than humor in the flippancy.


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