Topic: Inheritance

Frazier Allen: Concentrated Positions Can Pose Portfolio Risk

By Frazier Allen | May 4, 2016 |

Clarksville, TN – It is important for investors to understand that the very asset that helped create significant wealth may also pose the biggest risk to their future financial security. A concentrated equity position is defined as a substantial portion of an investor’s wealth (10% – 15%, or more in some cases) tied in one stock.

These highly concentrated positions can result from employer stock and option incentives, long-term employment at a single company, a large inheritance, etc.

Holding a large, single-stock position creates significant risk and increases portfolio volatility, which can have a catastrophic effect to an investor’s future financial security.

Concentrated positions may create wealth but they may not protect it.

«Read the rest of this article»

Think Again if You’re Saving Your Stuff for Your Kids

May 29, 2015 |

Clarksville, TN – Most parents want to give their children a better life than they have had. Starting with their offspring’s infancy, parents make every attempt to provide the best they can afford for their children.

By the time their children are adults, many parents have provided not only food, clothing and shelter for their children but public or private school education, extra lessons and sports activities, possibly a college education, a vehicle to drive…..The list goes on and on.

Somewhere along the way, most parents begin to think that their household goods and family “treasures” are items they would like to pass on to their children. Up to a point, this is a good idea. However, several obstacles may present themselves. «Read the rest of this article»

IRS Clarifies Taxable and Nontaxable Income

March 5, 2014 |

Washington, D.C. – Most types of income are taxable, but some are not. Income can include money, property or services that you receive.

All income, such as wages and tips, is taxable unless the law specifically excludes it. This includes non-cash income from bartering – the exchange of property or services. Both parties must include the fair market value of goods or services received as income on their tax return. «Read the rest of this article»

Taxable or Non-Taxable Income?

March 8, 2011 |

Washington, D.C. – Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all.

To help taxpayers understand the differences between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items not included as taxable income: «Read the rest of this article»

If You’re Saving Your Stuff for Your Kids, Think Again!

By Sue Freeman Culverhouse | October 4, 2010 |

Most parents want to give their children a better life than they have had. Starting with their offspring’s infancy, parents make every attempt to provide the best they can afford for their children.

By the time their children are adults, many parents have provided not only food, clothing and shelter for their children but public or private school education, extra lessons and sports activities, possibly a college education, a vehicle to drive…..The list goes on and on.

Somewhere along the way, most parents begin to think that their household goods and family “treasures” are items they would like to pass on to their children. Up to a point, this is a good idea. However, several obstacles may present themselves. «Read the rest of this article»

IRS alerts public to new identity theft scams

August 6, 2009 |

Washington —The Internal Revenue Service reminds consumers to avoid identity theft scams that use the IRS name, logo or Web site in an attempt to convince taxpayers that the scam is a genuine communication from the IRS. Scammers may use other federal agency names, such as the U.S. Department of the Treasury.

In an identity theft scam, a fraudster, often posing as a trusted government, financial or business institution or official, tries to trick a victim into revealing personal and financial information, such as credit card numbers and passwords, bank account numbers and passwords, Social Security numbers and more. Generally, identity thieves use someone’s personal data to steal his or her financial accounts, run up charges on the victim’s existing credit cards, apply for new loans, credit cards, services or benefits in the victim’s name and even file fraudulent tax returns. «Read the rest of this article»

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