Category Archives: Commentary

Our blog covers all things financial that may be of interest to you or impact your financial situation. Topics often come from questions raised by clients.

ABLE Accounts for Individuals with Disabilities

WHAT ARE ABLE ACCOUNTS? In late 2014, Congress passed the “Achieving a Better Life Experience Act” (the ABLE Act). This law enabled states to establish and operate ABLE programs so that individuals with disabilities can save money for their future … Continue Reading

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These Professionals Need Financial Advisors

As everyone from tax attorneys to gamblers can attest, it’s not what you make, it’s what you keep. Still, the more you make, the more it’s easier to keep; at least in theory. You probably don’t have to look hard … Continue Reading

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Planning for a Divorce

You might say “who would ever plan for a divorce.” While no one plans to divorce, the fact is that the divorce rate in the United States is about 50% which translates to about 2 million divorces annually. If you … Continue Reading

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The Physician’s Financial Health – Part 2: Asset Protection Strategies

Physicians – the core of ABFS’ clientele for 30 years – face many of the same challenges as our other clients, especially those who are business owners. But physicians also face unique challenges. Nowadays, even after a decade of education, … Continue Reading

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The Physician’s Financial Health – Part 1: Maximizing Tax Savings with Qualified Plans

Physicians have been the core of ABFS’ clientele for 30 years.  They face many of the same challenges as our other clients, especially business owners, and they also face some unique issues.   After dedicating more than a decade to … Continue Reading

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All Special Needs Trusts Are Not Created Equal

Special Needs Trusts (also known as a Supplemental Needs Trusts) are created for various reasons. Examples are: a parent creates a trust to provide for a disabled child’s long-term needs; a trust is created to deposit proceeds from a personal … Continue Reading

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The American Tax Relief Act of 2012 – Summary

Below are some highlights of the Act that was passed and how they might affect you or your family. While the summary is not all inclusive, it should give you some tax planning tips to discuss with your Financial Advisor … Continue Reading

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In-Service 401(k) Rollovers

As expressed in the May/June 2012 issue of “Eye on Money,” some 401(k) plans have high fees and expenses. In addition, the investment choices available in these retirement plans are sometimes limited. As a result of TIPRA (Tax Increase Prevention … Continue Reading

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The Continuing Evolution of the 401(k) Plan

According to the Investment Company Institute, as of 12/31/2011, over $3.1 trillion was held in employer sponsored 401(k) plans, in the U.S. This figure being all the more impressive when you consider the advent of the employer sponsored 401(k) plan was just over 30 years ago. Over the years 401(k) plans have evolved to meet the service demands of plan sponsors and participants. Technology has helped foster the development and evolution of the service features offered by most plans. Continue Reading

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