In This Issue
Know How Inherited Savings Bonds are Taxed

With the most recent announcement of low savings bond interest rates - zero percent for the fixed portion of Series I bonds - you may have little incentive to buy these investments.

Add an electronic-only purchase requirement and the   ...(Read More) 

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-Specialty Coffee Association of America

Have you checked your beneficiary designation for your life insurance recently? If not, you may find that the designated beneficiary is not who you think it is, especially if you have divorced, remarried, or had children since your policy was established. We take a look at a Supreme Court case that will have you double-checking your beneficiaries today. 
We also discuss what you can do now to maximize your life insurance proceeds for your beneficiaries. 
Questions?  Give us a call. Don't worry; we've got answers so you can Relax!
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The Importance of Updating Beneficiary Designations
Most of us have more than enough to do. We're on the go from early in the morning until well into the evening - six or seven days a week. Thus, it's no surprise that we may let some important things slide. We know we need to get to them, but it seems like they can just as easily wait until tomorrow, the next day, or whenever.

A U.S. Supreme Court decision reminds us that sometimes "whenever" never gets here and the results can be tragic. The case involved a $400,000 employer-sponsored retirement account, owned by William, who had named his wife, Liv, as his beneficiary in 1974 ...(Read More)
Your Life Insurance: Plan to Protect the Proceeds Now
The proceeds from a life insurance policy are part of the financial legacy you leave behind after your death. Do what you can now to protect those proceeds from taxes, so that you're able to leave behind as much as you can for your beneficiaries.

Many taxpayers mistakenly believe that life insurance proceeds are estate-tax-free, so long as you name someone other than your estate as beneficiary. But if you own the policy, the proceeds will be included in your taxable estate even if they're paid directly to ,..(Read More)