David Lerner Associates: Why You Could Be on the Hook for Your Parent's Long-Term Care
Call it the new baby boomer challenge, but adult children may very well find themselves legally responsible for the costs of their aging parent’s long-term care.
David Lerner Associates: Inheriting a Retirement Account
Inheriting a retirement account can feel like winning the lottery. That's the good news. The bad news is that not following the hard-and-fast rules governing inherited retirement accounts can result in much of that windfall going to the taxman.
David Lerner Associates: How to Teach Your Kids About Money
Schools have certainly changed a lot since the song School Days was written over 100 years ago, but one thing that hasn’t changed is the fact that there are still very few schools that teach children about personal financial management.
David Lerner Associates: How to Give Money to Family Members Without Incurring Taxes
Many people aren't aware that gifts to family members could be subject to federal gift taxes. The American Taxpayer Relief Act (the legislation passed on January 1, 2013, that averted the so-called fiscal cliff) raised the top estate and gift tax rate from 35 to 40 percent.
New Year's Financial Housekeeping: Have You Created a Living Will?
With the New Year approaching it's a good time to take care of some financial housekeeping items that may have slipped through the cracks of your financial planning -- such as a living will.
David Lerner Associates: Inherited IRAs and Bankruptcy
Since the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, individual retirement accounts (IRAs) have been safeguarded under federal law if you declare bankruptcy.
David Lerner Associates: Leaving a Legacy
You've worked hard over the years to build up wealth, and you probably find it comforting to know that the assets you leave behind will continue to be a source of support for your family.
David Lerner Associates: Helping pay for your Grandchildren's education
Tuition payments made directly to a university aren't considered taxable gifts, no matter how large the payment. But this is true only for tuition, not room and board, books, or fees. Find out more...
David Lerner Associates: Speaking to your aging parents about their finances
Speaking to your parents about money is usually complicated, particularly when the money you're talking about is theirs. Here are some tips to help you through this process.
David Lerner Associates: Taking Care of Your Aging Parents (Part 1)
Your parents need you, and you need help. This is the first of our 3 part series on caring for your parents as they get older.
David Lerner Associates: Taking Care of Your Aging Parents (Part 2)
This is Part 2 of a 3 part series on taking care of your aging parents. This time we will be focusing on different types of support available for your parents as well as yourself.
David Lerner Associates: Taking Care of Your Aging Parents (Part 3)
The last article in our 3 part series, focuses on the financial aspects of caring for aging parents.
Small Business Week: Life Insurance Needs
Your life insurance needs will depend upon a variety of factors, including whether you own a small business, the size of your family, the nature of your financial obligations, your career stage and your goals.
David Lerner Associates: National Family Caregivers Month
As National Family Caregivers month draws to a close this week, David Lerner Associates takes a look at the ways to prepare, in case you have to be a family caregiver in the future.
David Lerner Associates: Family Care Support and Services
Caring for your aging parents will be easier if you know what kinds of support and community services are available and where to locate them.
David Lerner Associates: Financial Considerations for Family Caregivers
Caring for your aging parents is not only an emotional burden it may also be a financial one. It will depend on how well off your parents are and how much caring for them costs.
David Lerner Associates: Protect Your Family
One of our greatest assets is the ability to earn income. Most fathers provide for their families' needs and should this ability be interrupted or taken away it could mean serious problems for the family.
Financial Advice for Newlyweds
The honeymoon is over. You've taken a giant leap into adulthood, and the journey is only really beginning now. It would be a very smart thing to do to get on the same page with your finances, especially since it seems to be a source of arguments between married couples.
Financial Literacy Lessons for Your Kids
Financial Literacy Month (also known as National Financial Capability Month) is an annual event taking place in April, centered on improving Americans' understanding of financial principles and practices. Here are some basic financial lessons that can be taught to our children that will be of great use to them as they grow.
Springtime for Savings
Spring is traditionally a time for dusting off the cobwebs, cleaning out the garage, and infusing new life into your home. Why not take this opportunity to take stock of your "financial home" and make some smart springtime moves that could save you money?
Money Lessons for Women
Gender roles in today's society have shifted dramatically from a time when little girls grew up hoping to find a good man who could take care of them financially.
A Savings Crisis in America
Take a look at your savings account. If you were hit with an unexpected expense of $500 or $1000, would you be able to pay it?