Taking Stock

with Nathan Brinkman


What will happen to my digital assets if I die?

In today’s digital age, many individuals live at least a part of their lives online. Whether you share your life with others through email, Facebook posts, and tweets or simply have a number of password-protected online accounts, you’ll want to make plans for the disposition of all of your digital assets in the event of your death or incapacity.

Posted at 08:39 AM | Permalink | Comments


It’s December. Do you know where your money is?

December and January are the perfect months to look back at what you’ve earned, saved, and spent during the past year, as W-2s, account statements, and other year-end financial summaries roll in. So before Punxsutawney Phil comes out of his burrow to predict when spring is coming, take some time to get your financial house in order.

Posted at 11:44 AM | Permalink | Comments


IRA and retirement plan limits for 2014

The maximum amount you can contribute to a traditional IRA or Roth IRA in 2014 remains unchanged at $5,500 (or 100% of your earned income, if less). The maximum catch-up contribution for those 50 or older in 2014 is $1,000, also unchanged from 2013. (You can contribute to both a traditional and Roth IRA in 2014, but your total contributions can’t exceed this annual limit.)

Posted at 09:10 AM | Permalink | Comments


U.S. government shutdown explained

Congress failed to agree on a spending bill for the fiscal year starting Oct. 1, 2013, resulting in the first government shutdown since 1995. According to the Congressional Research Service, this is the 18th time the federal government has shut down as a result of a failure to agree on an annual appropriations bill. Most shutdowns have lasted only a few hours or a few days. The most recent shutdown, in 1995, lasted three weeks.

Posted at 07:33 AM | Permalink | Comments


With change in key tax law now permanent, it’s a good time to review your estate plan

Transfers of property during life or at death are generally subject to federal gift or estate taxes. However, each taxpayer has an amount of property that can be sheltered from federal gift and estate taxes by the unified credit, called the “applicable exclusion amount.”

Posted at 11:28 AM | Permalink | Comments