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InvestmentNews awards BDF 2019 Best Places to Work for Financial Advisers

Balasa Dinverno Foltz LLC has been recognized as a 2019 Best Places to Work for Financial Advisers as announced by InvestmentNews April 1, 2019. BDF was chosen as one of this year’s top-75 based on employer and employee surveys delving into everything from company culture, benefits, career paths and more. InvestmentNews partnered with Best Companies Group, an independent research […]

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Blog

5 Important Things to Know for Your 2018 Taxes

With tax time finally here, you’re probably starting to load everything into your tax preparation software or send documents to your CPA.  Below are a few items that may be tougher to keep track of during the year but are certainly important pieces of information to pass along to your tax preparer. 529 Contributions/Distributions – […]

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Blog

New Year, New Tax Law for Divorcing Individuals

As we get settled into 2019, we’re faced with fresh changes to the tax code, brought about by the Tax Cuts and Jobs Act (TCJA) of 2017. One of the biggest changes that became effective as of January 1 is how alimony is treated in divorces finalized in 2019 and beyond. Before January 1, 2019, […]

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Blog Estate Tax - Will You Have To Pay?

State Estate Taxes – Will You Have to Pay?

The Tax Cuts and Jobs Act of 2017 made the federal estate tax less relevant from a planning perspective, since it raised each person’s exemption from the tax to over $11 million.  So, estate taxes are nothing to worry about, right?  Not so fast, since thirteen states levy their version of the tax.  That is […]

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Wealth Watch

2018 – A Year of Tax in the Face of Volatility

It is the most wonderful time of year! At least that’s how it’s supposed to be.  But with stock market woes piling up in December, that statement definitely doesn’t apply to finances.  To make market matters worse, an inefficient tax portfolio could be kicking you while you’re down, especially in 2018. In the closing weeks […]

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Blog

Finalize Your Divorce Before the Final Day of 2018

With the New Year comes many things: fresh starts, new beginnings, and resolutions to improve and better ourselves. Above all, this New Year’s Day brings changes to the tax code that could greatly impact families going through a divorce. So, what changes are coming, and how can you best prepare and position yourself financially? Alimony […]

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Blog

The Gift that Keeps Giving – Year-End Charitable Gifting

Hard working, well compensated, and generous are words we use to describe our insurance producer clients.  These characteristics all lead to year-end tax planning opportunities around charitable giving. We recently completed year-end tax planning for an insurance producer (we will call him Mike) who works for a publicly traded agency. Mike and his wife Mary […]

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Blog

Change Your Trust Now! – Make it More Simple and MORE EFFECTIVE!

Married couples finally have the opportunity to make their estate planning documents simple, yet more effective!  Two recent developments dramatically changed estate planning: the new, higher estate tax exemption under The Tax Cuts and Jobs Act of 2017 and the portability of the exemption.  Since 2010, estate tax exemptions are now portable between spouses, which […]

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Blog

Tax Planning Under New Law – What Has Changed?

As year-end approaches, many people tend to revert to the old tax planning adage “defer income, accelerate deductions.”  But does that always work?  With the new tax law in effect, should taxpayers change the way some planning items are viewed?  Here are a few tax planning tips that should be reviewed prior to year-end. Capital […]

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Blog

Medicare 2018 – Key Enrollment Dates and Important Changes

For those 65 and older, fall not only brings with it apple picking, leaves changing colors and securing travel plans to escape the cold Midwest winters, it is also the time of year for Medicare participants to decide if changes should be made to their health insurance plans. Below, are the key enrollments dates […]

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Blog

The Best States to Retire in From a Tax Perspective

Many factors influence the decision of where to retire.  Family, familiarity of surroundings, climate and cost of living are among the many factors that affect one’s choice of where to spend retirement years.  What about state taxes?  They are often overlooked and just “accepted” as an expense.  However, for those with a keen eye for […]

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Blog

IRS Contact Methods – What is Normal?

You hear the ads all the time: “the IRS will hunt you down!”  But will they?  The chance your tax return is audited by the IRS certainly exists, but it’s very slim.  However, this has not stopped scammers from trying to trick you while pretending to be the IRS.  Criminals can impersonate an IRS agent […]

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