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3 Tax Tips for Working Remotely Out-of-State

The recent pandemic forced many companies to rethink the way they do business.  Over the last three months, employees have had the flexibility to work from anywhere they want, which may include working in a different state from where they reside.  Employees that escaped their home state to work from their lake house or an […]

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3 Important Updates to the 2020 Required Minimum Distribution Waiver

On June 23rd, the IRS issued additional guidance regarding 2020 required minimum distributions (RMDs).  As you may remember, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) waived many required minimum distributions for 2020.  However, there were still a few taxpayers that may not have been afforded relief under the CARES Act – that […]

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Your Financial Plan and Lessons From a Historic First Six Months of 2020

Despite market volatility, staying disciplined kept your plan on track in 2020.

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Careful Planning for College Refunds – Avoiding Tax on 529 Distributions

Due to their tax-advantaged nature, 529 college savings plans have quickly become one of the most popular ways for families and individuals in the United States to set money aside for college.  These accounts offer special income tax deductions in many states for those that contribute to a 529, and any growth from investments within […]

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Best States to Retire In

Many factors influence the decision of where to retire.  Family, familiarity of surroundings, climate, and cost of living are just a few to consider.  What about state taxes?  They are often overlooked and just “accepted” as an expense.  In the current environment, the trend of where taxes could go based on the financial stability of […]

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5 Tax-Saving Moves For Your 2019 Tax Return

Now that tax time is here, you’re probably starting to load everything into your tax preparation software or send documents to your CPA.  There are many tax documents mailed to you or available online, but what about some of the items that are tougher to keep track of?  Here are 5 helpful reminders for items […]

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Financial Planning During Down Markets

During periods of market volatility, it is very normal to pay close attention to your portfolio while putting other aspects of your financial life on hold.  However, there are many important planning items that should not be overlooked during these times.  Here are a few planning ideas that can be implemented during market downturns that […]

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Gifts to Children – Making Them More Effective

Gifts are made to loved ones for many reasons.  Parents may just want to give their children financial help or accomplish other worthwhile objectives.  Well-planned gifts can reduce a donor’s estate for estate tax purposes and shift income taxation to or away from the recipient of the gift.  Many objectives can be addressed in a […]

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Significant Retirement Plan Changes Are Here

The Setting Every Community Up for Retirement Enhancement Act, or SECURE Act which recently passed is one of the most significant pieces of retirement legislation in the last decade.  Here are some of the key provisions contained in the SECURE Act: Increase Required Minimum Distribution (RMD) Age From 70 ½ to 72 – The SECURE […]

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Year-End Financial Checklist

As 2019 comes to an end, take a few minutes to put a bow on your financial life for the year by running through this quick checklist: Maximize Employer Benefits: Spend flex dollars – Many employers offer Flexible Spending Accounts for health expenses or dependent care. Often times, balances must be spent before year-end or […]

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Medicare 2019 – Key Enrollment Dates and Important Changes

The leaves are changing colors and a cool breeze is in the air, which means many retirees are securing their winter travel plans. However, before jumping on the plane to escape the cold winter months that lie ahead, it is also time for Medicare participants to decide if changes should be made to their health […]

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Year-End Tax Planning – Strategies to Save

The Tax Cuts and Jobs Act of 2017 (TCJA) put into place new tax legislation for Americans, officially taking effect for the 2018 tax year.  The full effect of the changes was not felt by most individuals and families until they filed their returns in April of this year. If proactively planned for, below are […]

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