Newsletters/Blogs

From the Building and Protecting Your Business Worth Broadcast | Guest: Ken Somers By: Thomas J. Perrone, CLU,CIC Running a small business means wearing every hat — but one role too many owners neglect is that of a true people manager. On a recent episode of the  Building and Protecting Your Business Worth Broadcast , hosted by Thomas J. Perrone of New England Consulting Group of Guilford, guest Ken Somers broke down five critical areas where small businesses can’t afford to

Ed Pratesi,  the Managing Director of Valuation & Transition Strategies, LLC. I help business owners and their advisors achieve a stress-free process to learn the value of their business, how to increase its value, and the development & execution of a transition strategy or strategies.  Enhanced expense deduction capability – be careful how you execute – too much of a good thing can leave you cash poor and a tax liability  QSBS – liberalizing the rules allows C corporation bu

Eligibility Requirements for Veteran Benefits Who Is Eligible? At least 90 days of active duty Must have served at least ONE DAY during a declared state of war - Veteran DID NOT have to see combat Preferred honorable discharge Veteran must have any discharge other than dishonorable Surviving spouse must have been married to veteran at the time of death Surviving spouse cannot remarry to remain eligible unless she remarried a Veteran. Periods of War ​War of Conflict ​Beginning

ADA, Okla.--(BUSINESS WIRE)--Jan 10, 2022-- IDShield, a PPLSI cybersecurity brand empowering a better tomorrow with identity theft solutions, privacy, and reputation management services for individuals and families, has been recognized as one of the Best Identity Theft Protection Services of 2022 by U.S. News & World Report’s 360 Reviews team. U.S. News’ online guide features in-depth information on choosing an identity theft protection service and covers a range of topics in

At the start of the new year, a time when many of us are thinking about setting resolutions or renewing good intentions, I have been reflecting on the concept of “akrasia.” This is a term that dates back to ancient Greek philosophy and means when we know what we should do, but we do something else instead. In short, akrasia is acting (or not acting) against our better judgment.

Problem:  John has been admitted to the Nursing Home at a cost of $15,000 per month. The concern is to protect Sarah from impoverishment. For John to be approved for Medicaid assistance, Sarah is only allowed to keep $130,380 (in 2021), the home, a car, and funeral policies on each of them. The couple owns a home worth $260,000 (with a $58,000 home equity loan) and savings totaling $586,000. Solution:  Working closely with an Elder Law Attorney, we were able to take advantage

Here is a case study of a 60-year-old couple with the following assets: Home: $425,000 – (all paid for) Savings: $150,000 Husband’s SEP-IRA: $1,400,000 Recommendation: Purchase a 2nd -to-Die Hybrid Policy. The policy is made up of two parts…a qualified Annuity and a Life / LTC policy.   Payment: The clients made a one-time $200,000 transfer from the husband’s SEP-IRA into the Annuity. There is no taxable event created by this transfer. Each year, for 10 years, $24,000 is paid