“Your guide to financial planning & socially responsible investing”

By Judith L. Seid, CFP ®, President, Blue Summit Wealth Management

January 26, 2018 (San Diego’s East County) -- Despite the promise of tax “reform” or “simplification,” the bill actually adds hundreds of pages to our tax laws.  And the initial idea of reducing the number of tax brackets was apparently tossed aside in the final version; the new bill maintains seven different tax rates: 10%, 12%, 22%, 24%, 32%, 35% and 37%.  Most people will see their bracket go down by one to four percentage points, with the higher reductions going to people with higher income.  And the tax brackets, going forward, will be indexed to inflation, meaning that the “real” income brackets will remain approximately the same from year to year.

a column written for the East County Magazine

“Your guide to financial planning & socially responsible investing”

By Judith L. Seid, CFP ®, President, Blue Summit Wealth Management

“Your guide to financial planning & socially responsible investing”

By Judith L. Seid, CFP ®
President, Blue Summit Wealth Management

February 17, 2011 (San Diego’s East County) -- We had been updating you throughout 2010 on Congress’ inaction in addressing the estate tax debacle. It seems as though this inaction and deaths of four billionaires alone last year cost the federal government roughly $6.5 billion in taxes. Yikes!

So the debate is over, for now, with the 11th hour passing of “The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010″ on December 16th. This fix is temporary for only two years, therefore the debate now begins on what to do after 2012.

Your guide to financial planning & socially responsible investing

By: Judith L. Seid, CFP ®
 

President, Blue Summit Wealth Management

July 9, 2010 (La Mesa) -- We have just received notification that two of our top-rated carriers, John Hancock & Metlife, will be raising rates for new policies. If you have already secured your long term care policy, CONGRATULATIONS…you made a great decision! If you have been considering taking out a long term care insurance policy, please contact an independent Long Term Care Insurance (LTCI) agent right away for quotes. (See below for tips on what to look for.)

Update on Tax Deductible Premiums: