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New Video: Long Term Disability Insurance

/// Posted by S&W

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The year comes to an end and we enjoy the time with family and friends during the holiday season. But many also ask themselves important questions: what happens if this idyllic gathering won’t be possible in the future? What if a family member becomes disabled or ill?

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Intelligent Charitable Giving

/// Posted by Aviva Sapers

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Charitable Giving is an important topic for us at Sapers & Wallack year round, but especially during the holiday season when the needs of so many come under heightened focus. My family and I remain active supporters of many charities in the Boston area. We give as much as we can to those in need, knowing that so many are not as fortunate as we are.

At Sapers & Wallack, Inc. each year we strive to volunteer as a team, donate to the important work of many local non-profits, and act as a sponsor of events that bring the community together. Fortunately, many of you are already as deeply committed to giving to various organizations as we are.

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With the end of the year approaching, now is the time for high income earners to assess whether a defined benefit plan makes sense.

A defined benefit plan allows the highest deductible contributions of any retirement plan.  This plan allows you to save for retirement on a tax-deductible basis.  Investments made within the plan grow without any current income taxes.  The pension plan allows flexibility as to when you withdraw your money, with small minimum distributions commencing upon reaching the age of 70 ½.

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Non-Profit Growth

/// Posted by Aviva Sapers

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During the downturn in the economy, the large non-profit sector was instrumental in helping to maintain jobs in the greater Boston area.  According to federal data, over 17% of all Massachusetts jobs come from the non-profit sector.  During the downturn, when most other businesses were downsizing or laying off workers, our non-profits created 16,765 jobs.* In the time of need for so many, these non-profits helped the out of work and financially precarious create stability when it was needed most, which in turn helped our state stabilize before most others.

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What can be Done with Old Life Insurance Policies?

/// Posted by Aviva Sapers

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The world of life insurance has changed. A secondary market has come of age in which investment pools are willing to purchase policies from others who are old or sick, and either don’t want the policies or can’t afford to pay the premiums anymore. Usually the policies are salable if the insured has an estimated life expectancy of 12 years or less. The seller won’t receive the full death benefit but will often get paid an amount significantly over the cash value. If it is a convertible term policy, then any amount would be sizable.

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Why so many Charitable Gift Annuities are Underwater…

/// Posted by Bill Sapers

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Although many institutions that have offered CGAs to donors are concerned about the natural extension of life expectancy, or that a large number of female CGA donors could offset the life expectancy experience–increased longevity has not been the major factor of CGA failures.

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Student Loan Repayment Plans – Good for Millennials and Baby Boomers!

/// Posted by Paula Drozdal Connors

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It has been a while since a new employee benefit has made such a splash in such a short time. More and more employers are looking at adding a student loan repayment program to their employee benefits. Two very large employers, Fidelity and Pricewaterhouse Coopers are launching these programs this year, and many other smaller employers are also looking to add these plans to their benefit program. According to the Society for Human Resource Management, 3% of employers offered these plans in 2015.

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Most people do not question the need for life insurance. Life insurance is typically purchased if you owe another person or love another person. It is really no more complicated than that.

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What to use: Family Foundations vs. Donor Advised Funds

/// Posted by Aviva Sapers

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Many wealthy families consider creating Family Foundations (FF) to secure a legacy of giving and to perpetuate philanthropy as a family value. A common question that arises, is whether a Family Foundation is a more appropriate vehicle for multi-generational giving than a Donor Advised Fund (DAF)? I think it’s worth looking at the advantages and disadvantages of each.

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As someone who has been in the estate planning world for 30 years I have had many clients ask for creative ways to leave vacation homes to their kids and grandkids while minimizing taxes. With that in mind, there are some great techniques, from QPRT’s to LLC’s, to pass assets down at discounted values, which I have used many times to great results. But after all my experience, I can honestly say that keeping a vacation home in the family may sometimes create more discourse than harmony.

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