Meredith Carbrey

Do You Need a Mulligan on Social Security?

Did you know Social Security has provided a six-month “mulligan” for those between full retirement age and 70? Of course, decisions are always easier when you have a “do-over” option!... Read More

Widow Sells Her House: Tax Consequences?

After living in the house for over fifty years, Harry and Sally's love for the home wasn't the only thing that appreciated – so had the value! Sally's realtor priced it at $750,000. It was time to paint not only the trim, but also time to trim the tax liability!... Read More

Wealth Transfer Strategy: Give the House to the Kids!

You've probably heard the chatter regarding tax law changes, and while we don't know what will pass, we do know that current estate tax exemption amounts will sunset in 2026. So if you have a large es... Read More

Help! My Long-term Care Insurance Premiums Could Increase by 503%

My client was rightfully concerned when recently notified that his long-term care insurance premiums could increase by 503% if he didn’t make adjustments to his policy. Should he keep the coverage as-... Read More

Grandparent Owned 529 Plans: What You Need to Know

Contributions to a 529 Plan by grandparents can be a win for everyone – kids have additional funds for college and grandparents may get tax benefits. But be careful; there is more to it than just cont... Read More

COVID Stimulus #2 and Personal Tax Planning Strategies

Curious to know how the second round of Coronavirus stimulus can provide you some personal income tax relief? It's not all stimulus checks and PPP2. Did you know that you can carry forward unused Flex... Read More

Act NOW: CARES Act Rollover Relief

Did you take your required minimum distribution (RMD) from your retirement account and now regret it? According to IRS Notice 2020-51, if you did take your RMD, there is still time to replace that dis... Read More

ALERT: Should a Trust be the Beneficiary of Your IRA?

What happens if you named a trust as beneficiary of your IRA? With the passage of the SECURE Act in 2019, Ed Slott, a recognized IRA specialist, claimed that he could sum up the legislation’s effect on IRA trust planning in two words: “not good.”  It may be time to review, rethink, and revise.  What […]... Read More

What You Need to Know about the SECURE ACT

The “Setting Every Community Up for Retirement Enhancement” Act of 2019, better known as the SECURE Act, was approved by the Senate on December 19, 2019, and signed into law on December 20 by Presiden... Read More

Thanksgiving: Time to Make that Financial Family Game Plan

So, you’ve traveled “over the river and through the woods” to your parent’s or grandparent’s house for Thanksgiving only to discover that your loved one needs assistance. You’d rather watch the footba... Read More