8 Ways to Help Seniors in Your Community

Posted by Ronald J. FicheraSep 01, 20220 Comments

With age, it is common for seniors to experience reduced mobility, lower stamina, and some level of cognitive impairment. Additionally, seniors who live alone, away from family can also experience stress and difficulties managing ADLs. In this article by Ronald J. Fichera Law Firm, we explore v...

5 Tips for Getting Married in Your Golden Years

Posted by Ronald J. FicheraAug 26, 20220 Comments

You've tied the knot in your golden years, and now you're looking forward to spending your retirement with the person you love. Getting married as a senior can be exciting and confusing all at once - after all, you do need to make some adjustments to your finances and lifestyle. But with the ri...

Step-Children and Your Estate

Posted by Ronald J. FicheraAug 04, 20220 Comments

Will your step-children get any of your property when you die? This has been an issue for decades and the law has been somewhat confusing and complicated regarding Estate Planning and step-children. See references below at 1 and 2. In 1991, the General Assembly repealed Chapter 17 and added the...

Difference Between Income Tax and Capital Gains Tax

Posted by Ronald J. FicheraJul 29, 20220 Comments

What is Income Tax? Income tax is a direct tax imposed by the government upon its citizens on the income or profits earned by them within their jurisdiction. The tax law states every taxpayer must file an income tax return for each financial year to determine their tax obligations. Income tax is...

A Contractor vs. An Employee

Posted by Ronald J. FicheraJul 19, 20220 Comments

New government rules will affect the classification. And now is the time to get ready. If your business, like mine, uses independent contractors, then new rules in the works at the Department of Labor may change how we classify these workers. Many of us may be required to classify these contra...

How to Structure Your Day When Working from Home

Posted by Ronald J. FicheraJul 16, 20220 Comments

When you're working remotely, you have the freedom to do your job when and where you want to, away from the distractions and productivity drains of an office. However, working from home comes with its own challenges. Here are a few suggestions to help you structure your day as a remote worke...

Can You Save Too Much in Your 401(k)?

Posted by Ronald J. FicheraJul 16, 20220 Comments

Over-investing in your 401(k) can lead to a taxing retirement. It's one of the biggest mistakes investors tend to make, and it's avoidable. When people meet a doctor at a party, they ask about a pain or a rash. When they meet a financial professional, they'll...

Avoiding the IRA Beneficiary Tax Trap

Posted by Ronald J. FicheraJul 16, 20220 Comments

Be careful who inherits your IRA, and be smart about how they are allowed to do it. It could save them a potentially 40% tax hit. People often don't make the time to check their beneficiaries, but if you own any retirement savings accounts, such as an Individual Retiremen...

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