Posts by Barb

A common problem faced by insurance and annuity holders relates to a need to upgrade to a better financial option without paying taxes on gains earned on the old policy. There are many legitimate reasons for wanting to upgrade. AAFMAA recommends a 1035 exchange to accomplish this objective. A 1035 exchange has a complicated set of rules…

The problem with taxes and inheritance is often misunderstood. After all, an inheritance is a gift, so why should anyone worry about having to pay taxes on a gift? The problem isn’t one of having to pay the taxes; it’s when they come due. The money that you have been tucking away into your traditional…

Investing in the stock market is an important part of any long-term investment strategy, but during retirement, the roller coaster ride that is today’s market can be a little difficult to stomach. While risk tolerance is a personal thing, everyone needs to recognize the two important changes during retirement that affect your ability to earn…