IRA Rules for RMDs & Other Withdrawals
You have spent years accumulating assets in your IRA. If you contributed to a traditional IRA, you took a tax benefit during the year you made the contribution(s) by deducting this amount on your tax return. Your earnings can potentially grow tax-deferred until you withdraw the money. If you contributed to a Roth IRA, you […]
Year-End Tax Planning
As 2016 comes to a close, it is a good time to focus on your year-end tax planning. Whether you are having a good year or rebounding from recent losses, you may be able to save some money on your taxes if you make the right moves before the end of the year. Three moves […]
Trump’d
What happened? Last night Donald Trump won a surprise victory in the US presidential election. The victory initially shocked global markets, which had been pricing in the likelihood of a Clinton victory. The initial reaction was heavy selling in overnight markets. At one point, S&P 500 future were down -5%, the downside limit in overnight […]
Estate Planning: Trusts
Organizing what happens to your estate in the event you or your loved one passes away is often a difficult subject to broach, albeit very important. In addition to the subject matter being daunting, there is often a lack of understanding of the financial burden that may follow. We think it’s important to educate our […]
Estate Planning: Trusts
Organizing what happens to your estate in the event you or your loved one passes away is often a difficult subject to broach, albeit very important. In addition to the subject matter being daunting, there is often a lack of understanding of the financial burden that may follow. We think it’s important to educate our […]
College Planning
College Planning The cost of receiving a college education continues to rise. For the 2015-2016 school year, the average cost for tuition and fees (does not include room & board) for one year at a private college was $32,405, in-state residents at a public college was $9,410, and out-of-state residents at a public college was […]
“Brexit” Fallout
Markets were caught leaning the wrong way Thursday night when the UK referendum on whether to stay in or leave the European Union (EU) went in favor of the “Brexit” (i.e. – leave) camp by a 52% – 48% margin of victory. In the week leading up to the vote, several respectable polls had come […]
Cyber Security
Cyber security is a topic that is becoming more and more important in all of our client relationships. Our growing dependence on technology as a society demands greater security while online and a shared responsibility which requires awareness from both the client and the advisor. The majority of cyber criminals are indiscriminate. They will attack […]
Long-Term Care Planning
Over the past few months more and more of our client conversations have addressed the topic of long-term care. That being the case, we thought it would be helpful to take the opportunity to provide you with some information to help define long-term care, some of the statistics associated with long-term care, and to address […]
2016 Tax Season: Deadlines, Contribution Limits, and Strategies
Welcome to tax season 2016. At this point, you should have received your tax statements and have probably either met with or are scheduled to meet with your tax preparer. Have you made your 2015 contribution to your IRA yet? Do you need to establish a new Traditional IRA, Roth IRA or SEP-IRA? Do you […]