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When Is A Good Time To Convert A Traditional IRA To A Roth IRA?

Roth IRAs are a big deal. HUGE deal in fact. They’re worth standing on your head for. The government has made it easier to convert to a Roth IRA now, so what are you waiting for? The post When Is A...

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What is an LLC Tax Election?

An LLC tax election is how you tell the IRS how your LLC will be taxed.  The federal government does not recognize an LLC as a classification for federal tax purposes, so you have to make an election...

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Durable Power for Healthcare

Too Bad Liliane Bettencourt didn’t have one of these! You may have read that Mrs Bettencourt’s lawyer plans to appeal the decision, but for now Liliane Bettencourt wealth and property is being...

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Estate Planning and Your Obituary

Estate planning must involve every aspect of your estate.  As a result, I recommend that you prepare your obituary in advance.  It will make things easier on your family later.  As you prepare the...

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Are You Responsible for Your Parents Credit Card Debt?

By Kristy S. Phillips I was talking with my mom the other day when she made the comment that she hoped that they had enough to support themselves for the rest of their lives. She added she had always...

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How Did Kim Jong Il Die?

By Kristy Phillips Kim Jong Il, who ruled over North Korea for decades died Saturday of a supposed heart failure. The 69-year-old had lived a decadent life and shocked the world with his eccentric...

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Costa Concordia-Don’t Navigate Your Personal Life Like This

By Kristy Phillips It looks like Carnival, the cruise line will take a $90 million hit. Their cruise ship, the Costa Concordia capsized off the west coast of Grosseto, Italy on Friday January 13. This...

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Tax Audit Defense

By Kristy Phillips Tax Audit A Tax audit comes with taxes. April 15 is here and as you file your taxes, you may be thinking about tax audit defense. If you haven’t, you should be. I was shocked to read...

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Hatfield-McCoy Feud-Don’t Let One Start in Your Family

Hatfield-McCoy Feud In Your Family The Hatfield-McCoy feud  history miniseries brings to my mind the troubles that families get into when parents neglect their estate planning. Families are at their...

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Protecting Assets-Don t Wait

Protecting Assets-Don t Wait Protecting assets-Don t wait to get it done. Lessons on protecting assets can come in the most unexpected ways. I spent Saturday on the beach in Sarasota with my wife and a...

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