LKB In The News
2013 Income Tax Planning During the 2012 Tax Season, by Lyle Benson, CCH Estate Planning Review - Lyle wrote this article to discuss some of the income tax planning opportunities available with the passage of the American Taxpayer Relief Act.
High Earner in Maryland? Here's How the Fiscal Cliff Deal Affects You, by Eileen Ambrose, Baltimore Sun - Lyle is quoted in this article about the fiscal cliff deal and it's impact on high earners.
After Son’s Death, Woman Faces Hefty Tax Bill On His Student Loans, By Ian Duncan, Baltimore Sun – Lyle is quoted in this article discussing the tax consequences of an unexpected death and canceled loans.
When Your Pension Offers a Choice - Lyle is quoted in this article from the NY Times discussing decision of whether you should take a lump sum or annuity when given the option at retirement.
For CPA's, It's Revenge of the Nerds - Chris and Lyle are both quoted in this Investment News article discussing the growth of CPA's doing financial planning.
7 Ways to Stay Ahead of Inflation in Retirement - Lyle is quoted in this US News and World Report article discussing some of the strategies you can utilize to deal with inflation in retirement.
AICPA Survey: Many Baby Boomers see Retirement Delayed at least 4 Years - Lyle is quoted in this article that discusses how the financial crisis caused many baby boomers to change their retirement plans.
Local Recognition for L.K. Benson & Company - Lyle has been selected by Baltimore magazine as a member of an elite group of Five Star Wealth Managers in the Baltimore area.
A Financial Report Card, Right in Your Tax Return - Lyle is quoted in this article discussing how you can use your tax return as a guide to reviewing your finances.
CARDS Act Radio Interview - Lyle does a radio interview discussing the new CARDS act which was passed by congress and contains new rules for credit card issuers.
$8 Million in assets - and can't get a mortgage - Lyle is quoted in this CNN Money article discussing the problems that wealthy individuals are having obtaining mortgages due to new banking restrictions following the financial crisis.
Recession Changes Investing, Spending Habits of High Net Worth Individuals - Lyle is quoted in this AICPA Article discussing the investing and spending habits of high net worth individuals.
Articles
Understanding Sequestration - This article from Forefield explains what sequestration is and what it's going to mean for you.
American Taxpayer Relief Act - This is a summary of the major provisions of the American Taxpayer Relief Act that was passed in the first few days of 2013.
Year-End Charitable Giving - If you are looking to do some charitable giving before the end of the year, here are some things to keep in mind from a tax planning perspective.
The Post Election Agenda - The 2012 election is over and now Congress faces a number of issues that it must deal with in a hurry.
No Easy Answers as Fiscal Cliff Looms - Tax increases and automatic spending cuts that take effect in 2013 will increase government revenue and significantly cut the budget deficit.
Medicare Open Enrollment Period - The Medicare open enrollment period begins October 15 and runs through December 7. The open enrollment period is your opportunity to switch Medicare health and prescription drug plans to better suit your needs.
Roth IRA Conversions: Opportunities and Deadlines – October 15 marks the deadline to undo a 2011 Roth conversion and there are only a few months left to consider a 2012 Roth conversion.
Time Running Out for Large Gifts in 2012 – These historic high exemptions for gift and estate taxes are set to substantially decrease next year so now is the time to take advantage!
The Fiscal Cliff - A summary of the unique combination of tax increases and spending cuts scheduled to go into effect starting next year and what it could mean for you.
New Student Loan Legislation - Congress approved legislation to stop the interest rate on federal subsidized Stafford Loans from jumping to 6.8% from 3.4% on July 1, 2012.
Supreme Court Ruling on the Health-Care Reform Law - Details on the Supreme Court's ruling and what it will mean for you.
Europe and the Summer of Uncertainty - This is a brief review of what has led to the current situation in Europe and how various types of investments have been affected.
New Reports Show Challenging Financial Outlook for Social Security and Medicare - Recent reports show that both of these programs face urgent financial challenges that need to be addressed soon.
The Long-Term Care Dilemma: Insurers Leaving, Premiums Increasing - Forefield looks at the latest developments in the world of long-term care insurance.
Speculating on the Future of the Federal Estate Tax - What is the future of the federal estate tax? All we know for sure is that no one knows anything; it's all speculation. Here, Forefield takes a look at what could happen.
New Student Debt Repayment Plan - On October 26, 2011, President Obama announced a plan that seeks to help college graduates pay back their federal student loans that is scheduled to take effect beginning in 2012. Read this article for more details
Social Security and Medicare Figures for 2012 - The Social Security Administration has announced for a cost-of-living adjustment for 2012. Find out all the details in this article.
Market Volatility and Your Emotions - When dealing with a volatile market, sometimes the most difficult challenge is to manage your emotions. This Forefield article helps you with that.
The Investment Tax Landscape: Countdown to 2013 - This article from Forefield highlights some of the major changes coming to tax law in 2013 and how you plan for the changes in 2011 and 2012.
Estate Tax Exemption is Portable(For Now) - Part of the major tax bill that was passed in December of 2010 introduced portability of the estate tax exemption. Forefield has a great summary of what this is and what it means for you.
Risk Tolerance Software - This is good summary of how the risk tolerance software we use from FinaMetrica works and how it can be used to help come up with an appropriate asset allocation for clients.
Presentations
Market Volatility Podcast - Lyle recently organized and recorded this short (30 min) podcast for AICPA members on dealing with the market volatility. While the podcast was geared towards advisors, we thought the analysis might be helpful to many of you as you seek to better understand these issues
Financial Planning - Helping You See the Big Picture
Retirement Planning - View a portion of Lyle's Presentation at the Chesapeake Tax Conference on Retirement Planning.