Much has been made of the poor savings habits of Americans. For the first time since the Depression year of 1933, the nation racked up a negative savings rate in 2005, according to a Commerce Department report

How to help clients who have just retired avoid making three common - and costly - financial mistakes

Providing clients going through a divorce with the right insurance can put spouses in a better frame of mind and business in an advisor's book

It's often necessary or simply desirable to terminate an estate or trust in favor of its beneficiaries. Problems arise when that estate or trust is the beneficiary of an individual retirement account (IRA) and termination should occur before all...

How to help your rich clients confront their top 10 financial risks

Weekend cabins are worth a pretty penny these days. How to protect this part of an estate from the tax man.

It just got harder to be old and anything short of wealthy. Chapter 2 of the new Deficit Reduction Act of 2005 (DRA) focuses exclusively on long-term care under Medicaid and seeks to make it much harder for elders to protect any assets if they are...

Staring in January, small business owners can line up to collect a gift from Uncle Sam. It's the Roth 401(k) and, according to financial advisors, it may be the best deal available for business owners who want to save on taxes in retirement and/or...

The following letter, based on a real life situation with a friend and the friend's financial advisor, offers a peek at issues concerning boomer clients (all names are fictitious): Dear Roger: Thank you for spending so much time counseling our...

The year 2005 saw a lot of legislative and Treasury Department action in the employee benefit area. This is nothing new. Since the Employee Retirement Income Security Act (ERISA) came into being in 1974, the laws and Internal Revenue Service's...