IRMAA – How can it affect you when applying for Medicare?

by Zeus | Oct 18, 2021

My Social Security payments dropped in half and my Medicare premiums doubled! Why?!! Learn about IRMAA and how can it affect you when applying for Medicare Unfortunately, for many higher income earners – the term “IRMAA” doesn’t mean anything until they enroll in...

Client Relationship Summary

by Brian Wruk | Aug 5, 2021

Transition Financial Advisors Group, Inc. – Client Relationship Summary Item 1 – Introduction Transition Financial Advisors Group, Inc. (“Transition”, “we” or “us”) is registered with the Securities Exchange Commission (“SEC”) as a Registered Investment Adviser...

A Tale of Two Accountants

by Stacey | Jun 24, 2020

One of the common mistakes we see when people move across the Canada/US border is the use of two accountants. Typically, when a client moves from one country to the other, they retain the accountant that served them all those years in their home country. Once they...

Brexit

by Stacey | Jun 24, 2020

We have had a few inquiries in response to the market turbulence created by the United Kingdom’s vote to leave the European Union, and we thought it important to share our thoughts: In the short-term, we believe this event is likely to impact the markets much like any...

IRS PFIC – Understanding the Rules

by Stacey | Jun 24, 2020

Understanding the Passive Foreign Investment Company (PFIC) Rules and Regulations   Whole Article Background While many parts of the U.S. tax code are both convoluted and harsh, the IRS regulations involving the treatment of PFICs – Passive Foreign...