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Changes Coming To Your Medicare Card


Over the next two years, 60 million Americans will notice a change to their Medicare cards. The Centers for Medicare and Medicaid Services (CMS), the government agency responsible for the administration of the Medicare program, is mailing new cards to everyone currently receiving Medicare benefits.

Trades Now Settle 1 Day Faster


Back in March, the Securities and Exchange Commission decided to make a change to their settlement policy, known as T+3, which has been in place since 1995. Previously when an investor placed a trade for a stock, bond, municipal security, or exchange traded fund (ETF), they would not officially receive those securities until 3 business days after the trade was placed.

Be Aware of Hurricane Deductibles



In one of our previous blogs, we covered the topic of how most homeowner’s insurance policies do not cover damage from floods. This is because insurers deem floods a catastrophic event that would put the financial health of their firms in jeopardy, so they exclude losses caused by floods from their coverage.

Pens… Paper… Power Of Attorney?


As it becomes time for students to head back to school, students entering college have a lot on their plates. It is safe to say not many of them are thinking about getting their legal documents in order while they find roommates and sign up for classes. However, considering most students entering college have recently turned 18, this can actually be an important consideration.

$500,000 Roth Contribution for Military Families


The federal tax code is filled with thousands of fine points that you must be on top of if you want to ensure you are taking advantage of all possible tax reduction techniques. Some of these intricacies can be used to save you thousands (or even millions!) of dollars over time, and one such example is Section 109 of the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act).

New MA State Tax Deduction for 529 Contributions


Starting on January 1st, 2017, families just got another incentive to save for college expenses using the Massachusetts Educational Financing Authority’s (MEFA) U.Fund 529 Account. Individual contributors can now deduct $1,000 of 529 contributions on their Massachusetts state income taxes while married couples filing their taxes jointly will be allowed to deduct $2,000.

IRS Gives Estate Tax Payers a Break


The Federal Estate tax is a tax the government levies on your ability to pass your wealth to your heirs upon your death. This tax has been in effect, in one form or another, for decades. Over that time, the tax rates have changed wildly and the government has increased the amount of estates that are considered exempt from any taxation.

A New Way to Save for Disability Expenses in MA



Last month, the Massachusetts Educational Financing Authority (MEFA for short) announced the launch of a 529 ABLE account. Many of you may be thinking “Aren’t 529 accounts used for college savings?” and you would be right! 529 accounts are mainly focused on providing parents a tax-efficient way to save for future college costs.

Parents Can Have Student Loan Problems Too


Did you know that the US Department of Education allows parents of students to take out student loans of their own to help cover the costs of education? According to the Wall Street Journal over 3 million American parents currently take advantage of the Parent Plus loan program.

Don't Get Caught In A Flood

Many people don’t know that standard homeowner’s insurance policies do not cover floods. When floods do hit, the resulting damage can be catastrophic and therefore insurance companies deem it too big of a risk to cover. As a result, the federal government offers flood insurance which can be purchased through most major private insurance companies and property insurance agents.

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