Mike McGlothlin CFP®, CHFC®, CLU®, LUTCF®, NSSA® History has taught us taxes never increase evenly across the board for every client. Marginal tax rates and measure of income — whether it’s modified adjusted gross income or combined income — are two important aspects to be considered. They can have a devastating effect on retirement income […]
FSPgo Reports
Your ERISA Watch – Eighth Circuit Warns Disability Administrators to Think Twice Before Terminating Disability Benefits
11
Jan
Jan
Eighth Circuit reversed a denial of disability benefits to a long-term recipient of such benefits: Roehr v. Sun Life Assurance Co. of Canada, No. 21-1559, __ F.4th __, 2021 WL 6109959 (8th Cir. Dec. 27, 2021) (Before Circuit Judges Kelly, Erickson, and Grasz). Insurers who are stuck with long-term expensive disability claims are often looking […]
FSPgo Reports
Bit by Bit – Episode 6: Final Thoughts on Cryptocurrency and Planning for Digital Assets
07
Jan
Jan
Robert Kirkland shares his advice for fiduciaries and his final thoughts.
05
Jan
Jan
Robert Kirkland discusses: Estate and gift tax consequences Valuation/ fair market value What the future holds for cryptocurrency Advice for fiduciaries
01
Jan
Jan
Robert Kirkland discusses how transactions are treated for income tax purposes
27
Dec
Dec
Robert Kirkland discusses how cryptocurrency can be used for goods, services and investments; the importance of documentation and management and real-life ‘horror’ stories from lack of planning. Bit by Bit: The Planning/Fiduciary Administration of Cryptocurrency? by goCast Robert Kirkland describes real life stories from lack of planning.
23
Dec
Dec
The series continues with the discussion of the privacy and security of owning cryptocurrency.
22
Dec
Dec
Bit by Bit: What is Cryptocurrency? by goCast Robert Kirkland describes when and by whom cryptocurrency was created. Robert Kirkland discusses the planning and administration of cryptocurrency.
FSPgo Reports
Your ERISA Watch – – State-Law Claims for Lifetime Disability Benefits Survive While ERISA Claims Are Dismissed
15
Dec
Dec
Thompson v. Oracle Corp., No. 4:21-cv-00026-YGR, 2021 WL 5865519 (N.D. Cal. Dec. 10, 2021) (Judge Yvonne Gonzalez Rogers). When Elisa Thompson went to work for Sun Microsystems, she specifically negotiated a job offer that included a guarantee of lifetime disability benefits because she was concerned about the possible return of a childhood disability. When Oracle […]
13
Dec
Dec
Creating a “My Social Security” Account Every financial planner—and most everyone else—knows how important Social Security benefits are to financial security during retirement, disability, or after the death of an insured person. Social Security provides roughly half of all retirement income to retirees with average lifetime earnings. Financial planners should encourage their clients to establish […]