Vision Wealth Planning, LLC

03/30/2022

This isn't just for billionaires. While this would apply to very few and has no chance of becoming law, it is interesting to read what is on the mind of the current administration. The levels of intrusion into private matters would be a non-starter, not to mention the inability of the tax authorities to actually administer such. I think this is the kind of idea you throw out when you really have no ideas and/or you want to appeal to a certain voter base.

The proposal in President Joe Biden’s fiscal 2023 budget to impose a 20% minimum tax on certain high-wealth individuals is seen as likely to raise thorny issues and likely even constitutional challenges.

01/28/2022

As people make provisions for how their estates should be handled when they die, they should consider the digital assets they own, including cryptocurrency, airline rewards and credit card points. Here is advice on how to make these digital assets accessible to heirs and how to make the process of passing them on run more smoothly.

From digital photos to cryptocurrencies, certain items may be lost when you die if you don't make provisions for passing them on.

01/27/2022

People who neglect a need to update beneficiary designations could accidentally leave money to unintended people. Retirement plans and bank accounts are among financial vehicles to check when updating beneficiary designations.

While a recent TV plot twist saw a character intentionally leave money to an ex-spouse, it was far-fetched. But there are estate planning mistakes to watch for.

01/25/2022

Financial scams can significantly damage the financial well-being of older Americans, but research suggests retirees are less likely than members of other groups to be concerned about this type of fraud. Consider using holiday gatherings as an opportunity to address the issue with older relatives.

The most targeted group is also the least likely to be concerned about being scammed. To help protect yourself or your loved ones, start taking these proactive steps today.

01/24/2022

Email is an attractive target for hackers, who can use a compromised account for a variety of purposes. Here are some tips for determining whether your email account has been breached, along with advice on how to avoid becoming victimized.

Think your email may have been hacked? Here are the signs to look for, how account takeover attacks commonly occur, and how to recover your account.

12/02/2021

As retirement nears people must shift from a wealth accumulation mode to a strategy of actively managing and distributing the money they have saved. Here are three actions to take to get into this new mindset, including writing down a retirement spending plan.

For years you’ve focused on your career and saving for retirement. In doing so, you may have lost sight of the big picture of what your ideal retirement would look like – and how you might make it happen.

11/30/2021

As people move into new jobs during the so-called Great Resignation, it is important for them to consider the retirement accounts held at their previous employers. Workers have multiple options, including performing rollovers.

More than 25 million people who switched jobs between 2004 and 2014 left one or more employer-sponsored retirement accounts behind, according to a report.

11/25/2021

A rollover is the best course of action for many who inherit retirement accounts from spouses. But for some survivors, it could make planning sense to delay the rollover or to disclaim the inheritance, letting it pass to contingent beneficiaries.

Here's a checklist of potential tax issues and elections.

11/23/2021

Some major buy now, pay later platforms have seen a steep rise in fraudulent activity as criminals exploit vulnerabilities in their application processes, fraud experts say.

Fraudulent activity is on the rise at some of the largest buy now, pay later (BNPL) platforms, according to experts.

11/16/2021

Talking about money over turkey may be less stressful than getting into politics or social issues this year. Here are some possibilities to get the ball rolling.

11/14/2021

A survey shows that 41% of respondents are willing to incur debt this holiday season and that 60% of respondents with credit card debt are willing to take on more debt. Here are some tips to keep finances in order during the shopping season.

A survey shows many consumers plan to spend the same amount on gifts this holiday season as they did last year. They could still end up in the red.

11/11/2021

Building a successful career requires prioritizing learning and development, even while dealing with day-to-day tasks and responsibilities. Connecting with others and asking the right questions can set the course for skills expansion.

Strategies to help you get better at learning, unlearning, and relearning.