It is commonplace for individuals to seek the services of legal counsel with estate planning, tax planning, business planning and, increasingly, long term care planning issues. Often the question is asked whether the legal fees and costs paid an attorney are tax deductible. IRC 262 throws cold water on the deductibility of expenses that are…
Writes Peter Drucker in this seminal Harvard Business Review article from 1999… “History’s great achievers– a Napoleon, a da Vinci, a Mozart– have always managed themselves. That, in large measure, is what makes them great achievers. But, they are the rare exceptions, so unusual both in their talents and their accomplishments as to be considered…
Wednesday, May 11, 2011 Consumers are slightly more optimistic about homeownership prospects, but remain tainted by volatile energy prices, rising household expenses and a general lack of confidence in the overall economy, Fannie Mae reported in its latest national housing survey. While nearly three-fifths of those surveyed still view homeownership as an investment opportunity, many…
When Seattle lifted a cap to allow backyard cottages in all single-family neighborhoods, a gloomy image emerged among worrywarts: A rush of cottages tarnishing quiet neighborhoods with noise, privacy and parking woes. Two years later, the city pronounced that the ordinance has had a positive effect on Seattle’s housing stock. The city released a report…
One of the major benefits of Medicare is its coverage of hospitalization. Medicare covers 90 days of hospitalization per illness (plus a 60-day “lifetime reserve”). However, if you are admitted to a hospital as a Medicare patient, the hospital may try to discharge you before you are ready. While the hospital can’t force you to…
As important as it is to plan ahead for the need for long-term care, things often don’t happen that way. A senior falls and breaks a hip or has a stroke, and suddenly there is a scramble to find a nursing home or other long-term care facility. To meet a growing demand and lured by…
The number of seniors facing credit card debt has been growing. The average credit-card debt for consumers over 65 more than doubled from 1992 to 2004, to $4,907. Credit card debt can be especially problematic for seniors, who typically have a fixed income. If you or someone you love is having trouble making credit card…
In this article, from the New York Times blog, “The New Old Age”, author Jane Gross touches on one of those things that seems to remain a constant through our lives, no matter how “all growed up and out on our own” we get… Mom’s “permission”. Its in play from the the earliest of our…
Time: 1:30 pm – 3:30 pm Venue: Aging Options Campus, Federal Way WA Speaker: Money Manager Tom Cock
“From 2005 to 2007 and for the first year of my show on Fox from late 2007 into 2008, I used to say one thing about real estate as an asset class whenever it came up, “There’s never been a better time to sell real estate than right now.” I used to write a weekly…
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