Don’t Miss These Year-End Retirement-Planning Deadlines

It’s not too late to ensure that your retirement planning is on track to maximize tax savings before the end of 2017. Understanding end-of-year deadlines can help you maximize your tax savings as well as prepare for another year of saving. “Tax planning should really start in January, not in November or December,” says Randall Luebke, a financial planner at Lifetime Paradigm. “That said, if you do wait, be sure to do everything you can to reduce the taxes you pay.” Now is the time to accelerate your tax-deductible expenses and put off receiving taxable income. Here are some tips. Consider Roth Accounts If you’ve been thinking about converting a traditional IRA to a Roth IRA, it’s a good time to make a decision and act because you must file forms by the end of the year. With Dec. 31 falling on a Sunday in 2017, experts recommend aiming for …

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Challenges of Managing Certificates of Insurance in Real Estate

Challenges of Managing Certificates of Insurance in Real Estate

Managing certificates of insurance represents a big challenge for real estate and property management organizations. When property changes hands, for example, there can be a lapse in coverage, and that can mean a big risk for the new owner or manager. “Insurance is one of the primary mechanisms for managing a property owner’s downside risk,” says Marc Cook, senior managing director of client services at Crossman & Co. “These documents provide evidence that tenants and vendors have proper insurance coverages in place, and in sufficient amounts, to financially protect themselves, the property owner, and other applicable parties if an incident should occur which causes harm or loss to a guest at the property.” These are some of the top challenges involved in managing COIs in real estate. Acquisitions and Management When a property changes hands or new management takes over, it’s easy to lose track of COIs.  Buyers must make …

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