by Springwater Wealth | Nov 14, 2017 | Financial Planning, Financial Planning, Services, Taxes, Wealth Management
Last week we provided an overview of the House tax reform proposal. Later in the week the Senate released its version of the legislation. Below we add comments to our blog post last week and indicate the Senate’s proposal. We have highlighted the Senate version when...
by Springwater Wealth | Oct 31, 2017 | Financial Planning, Financial Planning, Services, Wealth Management
A reverse mortgage is a loan against a home’s equity that requires no monthly payments, and is available to homeowners 62 and older. The loan proceeds can be taken as a lump sum, as monthly income for life, or as a line of credit. Interest on the borrowed money is...
by Springwater Wealth | Oct 24, 2017 | Financial Planning, Services, Wealth Management
Fall Open Enrollment is the time of year when you can change your Medicare coverage. If you reenroll in a plan during open enrollment, your coverage starts January 1. In most cases, Fall Open Enrollment is the only time you can pick a new Medicare Advantage or...
by Springwater Wealth | Oct 2, 2017 | Financial Planning, Financial Planning, Wealth Management
Last week, the Trump administration outlined its proposals for tax reform. Entitled the “Unified Framework for Fixing Our Broken Tax Code”, the proposals, if enacted, would result in the most significant changes to the tax code in 30 years. Reduction in the number of...
by Springwater Wealth | Sep 19, 2017 | Estate Planning, Financial Planning, Financial Planning, Services, Taxes, Wealth Management
At Springwater, we have clients who are over the age of 70, who have individual retirement accounts (IRAs) and who do not need additional income. However, the government requires those over 70 (technically 70 1/2) to take distributions from their IRAs regardless of...
by Springwater Wealth | Sep 14, 2017 | Financial Planning, Financial Planning, Services, Wealth Management
The Equifax Data Breach If you have a credit report, it’s likely that you’re one of the over 140 million Americans whose sensitive personal information was accessed through a data breach at Equifax, one of the nation’s three major credit reporting agencies. The other...
