November 30,

How Much Life Insurance?

There are many variables that should be considered to determine the appropriate amount of life insurance you and your family needs. The great news is that HFG advisors have a method to calculate an adequate amount, while considering all of the things that are important to you. Determining a life insurance need is something we do for our clients regularly. Since we do not sell insurance, we provide an unbiased recommendation of the appropriate amount. Below are a few questions that must be... Read More

November 22,

Who Can Benefit From A Trust?

  What is a trust? A trust is a legal entity that can “own” assets. The trust document reads like a will, and similarly includes instructions for the trustee to direct the Grantor’s, or owner’s, final affairs. It also carries out the dispersal of assets to the beneficiaries. There are different kinds of trusts: Living trusts are created while the owner is alive. Testamentary trusts are created after the owner has passed... Read More

November 10,

Consider Accelerating Charitable Donations

    With the initial release of the Tax Cuts and Jobs Act (H.R.1) by the House Ways and Means Committee last week, we got our first real glimpse of what the tax code could look like under the Trump administration. While revisions are likely to be made before a new tax code is finalized, waiting until the changes are approved (if they are approved) in late December could mean missing some significant tax planning opportunities.   Even though nothing is final yet,... Read More

October 16,

The Future of Personal Information Security

There have been many discussions of late regarding the Equifax data breach which affected every American adult. Both high-profile data breaches and day-to-day cases of individual identity theft are becoming far too routine. Can anything be done to stem the tide? There is both good and bad news on that front.   A combination of both new and old technologies exist today with the potential to end unauthorized access to your personal information. However, major changes are needed in... Read More

September 29,

Is your Identity Safe?

Identity Theft: What to know and what to do. What is Identity Theft? Identity theft happens when someone steals your personal information and uses it without your permission. Identity theft is a serious crime. It can disrupt your finances, credit history, and reputation. If identity theft happens to you, it can take time, money, and patience to resolve. Identity thieves might: Go through trash cans and dumpsters, stealing bills and documents that have sensitive... Read More

September 22,

2018 Forecast for Social Security and Medicare Recipients (Hold Harmless Provision)

The Good News: We are expecting the largest Social Security Cost-of-Living Adjustment (COLA) next year since 2012 (announced in 2011.) The Bad News: For many, higher Medicare Part B premiums will eclipse a large portion of their raise. The official word regarding the COLA will come out in October. The forecast looks to be 2.2%. Roughly 70 percent of the Medicare population is enrolled in both Social Security and Medicare and qualifies for the hold harmless provision. For these... Read More