REVEALED: 7 | Vintage Vibes

At What Net Worth Does Long-Term Care Insurance Stop Making Sense?

At what net worth does long-term care insurance stop making sense? There is no magic number where an insurance policy suddenly becomes a bad idea, but a growing portfolio can change the math dramatically. Someone with modest retirement savings may need insurance to prevent a prolonged care need from wrecking…

The Free Financial Advisor · Aug 29

In 2016, a partnership claimed a $180.2 million tax deduction after placing an easement on 236 Mississippi acres; the US Tax Court valued the deduction at about $2.2 million

A partnership claimed a $180.2 million charitable tax deduction in 2016 after placing a conservation easement on 236 acres in Mississippi. The US Tax Court rejected the valuation, finding the land was worth far less than claimed. The court determined the allowable deduction was about $2.18 million and upheld penalties…

The Times of India · Aug 28

An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

Fortune · Aug 28

8 Estate Planning Secrets You Can Borrow from the Ultra-Wealthy

Try these proven strategies from the ultra-wealthy to protect your assets, cut taxes and pass on more to your heirs.

Kiplinger · Aug 27

At What Point Does Saving More for Retirement Stop Improving Your Life?

Saving more for retirement usually sounds like one of those financial rules that nobody should question. More money in the account can mean more flexibility later, but pushing every spare dollar toward retirement can also leave the present feeling strangely underfunded. The real question is not whether saving more helps,…

The Free Financial Advisor · Aug 27

Everything Veterans Should Know About Tax Exemptions Based on Disability

A VA disability rating can affect far more than a monthly benefit payment. For many veterans, that rating can also open the door to valuable tax advantages, including tax-free VA disability compensation and, depending on the state, significant property tax relief. The tricky part? Not every benefit follows the same…

Everybody Loves Your Money · Aug 27

How to know if you are 401(k) rich or poor

Making 401(k) withdrawals is allowed by the IRS but dipping into retirement savings for emergencies is a bad sign

The Independent UK · Aug 26

The Opportunity Zone 2.0 Nomination Guide Is Officially Out: This Is What Investors Need to Know Now

The new IRS guidelines for Opportunity Zone 2.0 bring key rule changes and enhanced incentives for rural investments. Here is what investors need to know.

Kiplinger · Aug 26

Two Couples Have $1 Million Saved. Only One Can Comfortably Retire. Here’s Why.

Two couples each have $1 million tucked away for retirement, yet only one may feel comfortable handing in the keys to the office. That sounds strange at first because a million dollars still looks like a very large pile of money, especially when the goal involves leaving work rather than…

The Free Financial Advisor · Aug 26

What Happens With Taxes When You Inherit a House

When you inherit a home, understanding key IRS rules and state tax impacts can save you thousands.

Kiplinger · Aug 25