Phone: 859-309-0349 / mail@familywg.com / Visit Us!

It Takes a Village

By The Family Wealth Group | February 12, 2013 | Comments Off on It Takes a Village

Baby boomers are giving new meaning to an established term. “It takes a village” – used in the title of Hillary Clinton’s 1996 book – comes from the African proverb “it takes a village to raise a child.” The idea behind the phrase is that people beyond the family unit have influence over a child’s…

401(k) News

By The Family Wealth Group | February 5, 2013 | Comments Off on 401(k) News

A recent survey by HelloWallet revealed that currently, workers age 40 to 49 comprise the largest group making withdrawals from their 401(k) plans. Are they using this money for retirement expenses, as intended? No. More than 50% have used the cash to pay current bills and debt; over 12% are paying for housing and 10%…

Recent Moves in Housing

By The Family Wealth Group | January 29, 2013 | Comments Off on Recent Moves in Housing

The American Tax Relief Act of 2012, recently ratified by Congress included several provisions that will impact homeowners, sellers and buyers in the coming year. For example, the deduction for private mortgage insurance has been reinstated and is retroactive for premiums paid in 2012. A full deduction is available to single and married-filing-jointly homeowners with…

Cliffhanger

By The Family Wealth Group | January 22, 2013 | Comments Off on Cliffhanger

On January 2, 2013 the Unites States Congress enacted The American Taxpayer Relief Act of 2012, averting what had commonly been referred to as the ‘fiscal cliff’.   [CLICK HERE to read, “High Earners Facing First Major Tax Increase in Years,” at The Wall Street Journal, January 2, 2012.]   [CLICK HERE to read the…

Medicare Taxes in the New Year

By The Family Wealth Group | January 15, 2013 | Comments Off on Medicare Taxes in the New Year

The IRS recently issued a series of Proposed Regulations for the 3.8 percent and the 0.9 percent Medicare taxes slated to begin in 2013 as part of the Patient Protection and Affordable Care Act.   [CLICK HERE to read the actual Act, “HR 3590: The Patient Protection and Affordable Care Act,” at Congressional Health Care Caucus,…

New Year’s Resolutions for 2013

By The Family Wealth Group | January 8, 2013 | Comments Off on New Year’s Resolutions for 2013

Have you thought about your resolutions for the New Year? According to the Spectrem Group, the top five resolutions of affluent investors are to spend less, save more, pay down debt, revise or create an estate plan, and revise or create a retirement plan.   [CLICK HERE to read, “What Kinds of New Year’s Resolutions…

Retirement Security: The Gorilla in Our Midst

By The Family Wealth Group | January 2, 2013 | Comments Off on Retirement Security: The Gorilla in Our Midst

In 2009, Knowledge@Wharton published an article referring to reforming Social Security and Medicare as “trying to tackle two 800-pound gorillas.” Amid end-of-year discussions concerning government spending on entitlement programs, two things have become clear: Social Security is on the chopping block and, for now, Medicare is off the table.   [CLICK HERE to read, “Social…

The Art of Negotiation: Can’t We All Just Get Along?

By The Family Wealth Group | December 27, 2012 | Comments Off on The Art of Negotiation: Can’t We All Just Get Along?

Winston Churchill is credited with observing that if we don’t learn from our mistakes in the past, we are destined to repeat them. Nowhere is this more evident than a year ago when the 112th Congress nearly brought this country to its knees while trying to “negotiate” the national debt ceiling. Today’s 113th Congressional debates…

You: Federal Shareholder

By The Family Wealth Group | December 18, 2012 | Comments Off on You: Federal Shareholder

  Here we are, post election, and it’s politics as usual. Under the looming threat of falling off the proverbial “fiscal cliff,” our nation’s leaders have holed-up in Washington in between holidays to iron out some of the biggest issues facing our nation’s future. Doesn’t give you a lot of confidence, does it? It’s kind…

Hog Wild Holiday Shopping Tips

By The Family Wealth Group | December 11, 2012 | Comments Off on Hog Wild Holiday Shopping Tips

Now that we are well into the holiday season, consumers tend to open up their pocketbooks and, let’s face it, go a little hog wild when it comes to shopping for family and friends. That’s good news for retailers who count on this time of year to put their revenues in the black.   It’s…