The Warren Buffet Way How He Really Invests For Those He Cares Most About

The following commentary from Fred Taylor is certainly worth a read I always read, with interest, the annual Berkshire Hathaway annual report to shareholders ( Aside from the “obvious” financials that one finds in all annual reports, it highlights the folksy style that Buffet writes in, is very short on typical corporate financial obfuscation and very long on common sense (more on this aspect later). I highly recommend to all a visit to their website and taking some time to peruse the report to absorb not only some of it’s flavor, but also the illumination on the technique and rationale that he and his partner, […] Read more »

7 Deadly Investor Traps

7 Deadly Investor traps

Click to view this slideshow “7 Deadly Investor Traps” on Slide Share Was this helpful? Can I help you think through any other issues about your retirement? Please feel free to call me, Gene Offredi, CFP, RFC at 203.453.1017 or visit our website at Summit Investor Coach, LLC.   Read more »

Minnesota Has Increased the Incentive to Move to Florida.

THE WALL STREET JOURNAL REVIEW & OUTLOOK  August 20, 2013 Washington finally declared a truce on the death tax this year, with estates now taxed at 40% with an exemption of $5 million. President Obama insisted on preserving this tax to spread the wealth, though it raises less than 2% of federal revenue and discourages lifetime savings, as even a 1981 study by Mr. Obama’s former chief economist Larry Summers showed. Now the death-tax debate has shifted to state capitals, with mixed results depending on which party runs the state. Prior to 2001, states could impose an estate tax of up to 16% with no […] Read more »

Nice Girls Talk About Estate Planning

Depending on whom you are talking with, there are various ways to start the conversation. Going to a woman’s undergraduate college taught me that it’s okay for women to be smart. When I went to Columbia Law School, I found myself explaining that to a very brainy, beautiful classmate who told me she got more dates if she acted dumb. That was in 1978. Women have come an enormous distance since then. Currently they serve as CEOs of 14 Fortune 500 companies, according to Catalyst. Among them: Indra K. Nooyi at PepsiCo;  Irene B. Rosenfeld from Kraft Foods; Patricia A. Woertz of Archer Daniels Midland, and […] Read more »

Wealth Matters: The End of a Decade of Uncertainty Over Gift and Estate Taxes

By PAUL SULLIVAN Published: January 4, 2013 FOR many of the wealthy, the American Taxpayer Relief Act, passed this week by Congress, is aptly named. For gift and estate taxes in particular, all but the richest of the rich will probably be able to protect their holdings from taxes, now that Congress has permanently set the estate and gift tax exemptions at $5 million (a level that will rise with inflation). “You could say this eliminates the gift and estate taxes for 99 percent of the population, though I’ve seen figures that say 99.7 or 99.8,” said Richard A. Behrendt, director of estate planning at the […] Read more »

Happy [estate tax] New Year ? !

We have less than two months left to this calendar year. Hopefully we can look forward to a happy new year. The article below written by a good friend, Attorney Jeffrey L. Crown, contains what I consider to be important information regarding estate tax. Q. When the ball drops in Times Square, what will the Federal estate tax exemption be? 1. $5 Million 2. $3.5 Million 3. $1 Million 4. No one knows A. 4 is correct. No one knows. However, we can’t hide our heads in the sand. We have to construct estate plans which will “work,” no matter what the exemption level is. […] Read more »