MetLife retirement plan customers may be due refunds

Posted on Leave a commentPosted in Financial Planning, Insurance, Retirement

MetLife Inc. agreed to pay a huge fine and reimbursement of $25 million for making negligent misrepresentations and omissions that mislead tens of thousands of its retirement plan customers. $5 million of that will be used to reimburse customers for excess fees charged by the firm. This is the 2nd largest fine ever levied in the regulation of […]

America’s evolving attitudes about inheritance

Posted on Leave a commentPosted in Financial Planning, Retirement, Tax Planning

When it comes to money, we are still not communicating well with family and advisers. Estate tax laws aren’t helping. A new report by Hearts and Wallets provides some fascinating insights on America’s evolving attitudes about inheritances, including: “only 27% of the parents surveyed have told their children how much they are likely to inherit” […]

How to maximize tax savings for business owners

Posted on Leave a commentPosted in Retirement, Small Business, Tax Planning

This post is based on a consultation I had today that echos a very common business planning theme: A successful small business owner wishes to begin a retirement savings plan to make the most efficient use of the business’ profits.   The goals are simple: Maximize the owner’s account contribution, Maximize tax savings (avoid current income taxation), […]

U.S. Leader Admits Government’s Financial Crimes

Posted on Leave a commentPosted in News and Politics, Retirement

“The government has lied to you and they’ve stolen from you” – NJ Governor Chris Christie, former Chairman of the Republican Governors Association, talking about entitlements like Medicare and Social Security during the nationally televised presidential debate in Boulder, Colorado on 10/28/2015 . This is likely as close to an official admission of institutionalized crime and systematic corruption […]

Now is the time to review financial plans

Posted on 1 CommentPosted in Financial Planning, News and Politics, Retirement

In the event of stock market panic, read this: Many of my recent articles and blog comments about financial planning surround the concept that a financial wake-up call and a reality check are very badly needed by individuals and small business owners today. Recent news about the unhealthy global stock market makes it clear that many others share these […]