IRS Releases 2021 Estate and Gift Tax Exclusion Limits

Estate and Gift Tax Limits for 2021 Have Increased Beginning in 2021, the lifetime estate and gift tax exclusion (which is indexed for inflation) will rise to $11.7 million, up from $11.58 million in 2020. This is the limit on tax-free wealth transfers during an individual’s lifetime or at death. … Read more »

A Message for Millennials: Don’t Give Up Hope!

Planning Your Financial Future Can Start Now Discussions surrounding young adults’ prospects for retirement are trending in recent news. Young professionals have gathered online to communally air their current financial grievances and the dismal outlook they share towards their financial futures. According to these online discussions, many young professionals feel … Read more »

Medicare Open Enrollment for 2020 is Coming Up Soon

It’s that time of year for seniors again – Medicare Open Enrollment period.  When television ads begin in earnest and mailboxes are stuffed full of confusing advertisements for Medicare and its various policies.  Open Enrollment begins on October 15th and lasts through December 7th.  In an effort to help folks … Read more »

Larry Maddox Interviewed by U.S. News & World Report about the Importance of Having a Long-Term Savings Plan

Horizon Wealth Advisors Partner and President, Larry Maddox, recently contributed to a U.S. News & World Report article titled “How to Give Yourself a Midyear Financial Checkup” which covers nine things you can do now to increase your savings over the long-term. Maddox specifically addresses why it is necessary for … Read more »

Rainy Days Happen to All of Us: The Importance of Being Prepared by Carrying Umbrella Insurance

The Importance of Being Prepared by Carrying Umbrella Insurance   Benefits of Insurance.  One of the great benefits of insurance is that you can transfer the risk of loss and the cost of litigation to an insurance company, rather than bearing the risks yourself.  Many insurance products are self-evident.  For … Read more »

New for 2018 – Changes to Itemized Tax Deductions for Individuals

The Tax Cuts and Jobs Act, which became law last year, is just beginning to affect taxpayers with the filing of 2018 tax returns, and many may be pleasantly surprised at the impact these changes will have.  Our limited experience thus far suggests that for many taxpayers, these changes may … Read more »

Graduating from Wealth Building to Wealth Transfer (How to Pass it Along)

For many of our clients, a lifetime of professional success combined with diligent saving and investing can lead to an interesting and desirable problem; they have much more money than they need in order to enjoy a comfortable retirement. This situation can create two concerns, the first is their desire … Read more »

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