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Recently, we conducted our first Client Audit and I’m writing to provide you with a summary of the results. 73 surveys were sent and 54 were returned. The percentage of clients that responded was 73% (average for client audits is 39-40%).

IRA contribution limits

The maximum amount you can contribute to a traditional IRA or Roth IRA in 2014 remains unchanged at $5,500 (or 100% of your earned income, if less). The maximum catch-up contribution for those age 50 or older in 2014 is $1,000, also unchanged from 2013.

After a 16-day federal government shutdown and gridlock over whether to raise the nation's debt ceiling, a last-minute agreement brought a temporary end to the impasse.

Last month's blog post What are the top ten things you need to know in dealing with your aging parents finances? generated many responses.

What are the top ten things you need to know in dealing with your aging parents finances?

Genworth Financial’s 2013 Cost of Care Survey, conducted by CareScout, included nearly 15,000 LTC providers from all 50 states. The top ten most expensive states for Long Term Care are New Jersey, New York, Connecticut, Maine, New Hampshire, Vermont, Delaware, Massachusetts, Hawaii and Alaska. I’ve listed below the costs for New Jersey, New York and Connecticut.

Tax season is here and if you are like me, you are in the process of pulling together statements, receipts and 1099s. It is also a good time to do some spring cleaning financially. Below are a few time tested tips to follow. The good news is that you do not have to do them all at once. We are here to help you.

As electronic banking increasingly becomes the preferred means of conducting financial transactions for consumers and businesses alike, the security risks posed by online money transfer continue to proliferate.

With the many emergency fiscal deadlines, partisan battles and near economic crises the US citizens have been subject to over the last few years, it is easy to discount the importance of the Sequester. The Sequester refers to automatic cuts to the federal budget that are projected to trim $1.2 Trillion dollars from the federal budget over ten years.

I often get asked this question by clients. Every situation is unique but this article from the Financial Planning Association is a good primer on the subject. If you have any questions on this topic, please call my office.

Considerations for Inherited Retirement Assets