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Be Alert to the Latest Iowa Tax Scam!

Mar 5, 2015 12:16:35 PM / by Jason Shaw posted in Uncategorized

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If you receive an automated call that claims that you are eligible for a refund from the Iowa Department of Revenue, you may be a target of new tax scam. To further mislead call recipients, the perpetrators have very cleverly managed to make the Iowa Department of Revenue’s general taxpayer services number (515-281-3114) appear on caller IDs; however, that number is never used for automated calls.

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Beware of IRS-Impersonation Phone Scams!

Dec 20, 2014 12:30:57 PM / by Jason Shaw posted in Uncategorized

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We have been receiving calls about the latest tax scams that are appearing throughout the country.

An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds. Callers fraudulently claim to be employees of the IRS. These con artists can sound convincing, using fake names and bogus IRS identification badge numbers. They may know a lot about their targets, and they usually alter the caller ID to make it look like the IRS is calling.

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Holiday Financial Planning for Your Family Budget

Nov 28, 2014 3:05:35 PM / by Jason Shaw posted in Uncategorized

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Holiday shopping can put a major strain on anyone’s budget, but some simple planning can help you control its impact on your family’s financial health. Rather than allowing the frenzy of Black Friday and pre-Christmas bargains to carry you into a bacchanalia of careless spending, plan ahead to avoid the financial hangover that inevitably follows.

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Saving for Retirement on a Modest Income

Nov 24, 2014 2:40:29 PM / by Boelman Shaw

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Saving for retirement is particularly challenging for those living on a modest income.  You may feel as though there isn’t any money left after covering your basic expenses each month. Even if you do manage to put away a few dollars, investing in an IRA often involves an initial deposit of at least $1,000.  Low- to moderate-income earners do have some tools available to help them get started, however. If you have found it difficult to begin saving for retirement, these tools and incentives can help.

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Roll Over Your After-Tax 401(k) Contributions to a Roth IRA

Nov 14, 2014 2:36:35 PM / by Jason Shaw posted in Uncategorized

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If you have access to a 401(k) plan, contributing at least the amount for which your employer will provide matching funds is one of the best ways to save for retirement.  That has been true for some time.  However, the IRS has just given you even more incentive to pack money into your 401(k).

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Making the Most of Your Social Security Retirement Benefits

Nov 3, 2014 2:30:55 PM / by Jason Shaw posted in Uncategorized

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How to claim your Social Security benefits can be a critical and complex decision. Making this choice without understanding the factors that can influence the amount you will ultimately be able to collect in Social Security benefits can cost you tens of thousands of dollars in retirement.  Before you make a choice about claiming benefits, it is wise to speak with a retirement planning professional to be sure you are making the most advantageous choice.

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Comprehensive Financial Planning for Your Family

Oct 23, 2014 1:51:35 PM / by Jason Shaw posted in Uncategorized

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Boelman Shaw Capital Partners offers a specialized blend of expertise in multiple aspects of financial planning.  We provide our Des Moines area clients with well-rounded advice to create an optimized financial plan that provides for the needs of individuals and their families. We advise families just starting their financial journey with their first steps toward securing their child’s college tuition and individuals nearing retirement who worry that they have not saved enough.  Wherever you are on your financial path, we can help.

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Financial Planning for Nontraditional Families

Oct 16, 2014 3:05:48 PM / by Jason Shaw posted in Uncategorized

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American households are comprising fewer and fewer “traditional” families – those headed by two married, opposite-sex partners who may or may not have joint children.  While married couples represented 78% of U.S. households in 1950, by 2010, that number had dropped to just 48%. We have seen a rise in many different family configurations, including unmarried couples, same-sex couples (either married or unmarried), blended families, multigenerational families, single-parent families, and those housing adult children. If you live in one of these nontraditional households, family financial planning can present a special challenge. This article will focus on the particular needs of same-sex and unmarried partners.

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Financial Planning for Nontraditional Families, Part 2

Oct 16, 2014 3:03:45 PM / by Jason Shaw posted in Uncategorized

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Our last post focused on the family financial planning needs of same-sex and unmarried partners.  In this week’s article, we will take a look at special considerations for multigenerational and blended families.

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Financial Planning for Long-Term Care

Oct 2, 2014 2:39:25 PM / by Jason Shaw posted in Uncategorized

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The U.S. Department of Health and Human Services estimates that 70% of people will need long-term care at some point in their lives.  The Robert Wood Johnson Foundation reported this year that 40% of those turning 65 will have need two or more years of long-term care, and 43% of those receiving long-term care are under 65. Despite these facts, the vast majority of Americans have not planned for this very likely expense. Many are under the misconception that their health insurance or Medicare will cover it. In fact, Medicare only covers a narrow range of costs. While it will pay for medically necessary skilled care, the choice of setting is limited, and it will not pay for assistance with daily tasks, such as cooking, cleaning, and personal care. Medicare provides no funding for assisted living facilities. Private health insurance generally does not cover long-term care costs.  Providing for long-term care has become a critically important, but still widely overlooked, aspect of financial planning.

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