4 Critical Estate Planning Considerations – Keeping Your Plan Current
January 16, 2018
Estate planning documents receive very little attention after they are drafted. Why? People find the process emotional and burdensome and that is motivation enough to put off updates until next year – or several years from now! Family and law changes often make estate plans fall far short of intended goals. Here are four critical […]
Top 5 Year-End Tax Planning Tips
December 5, 2017
As 2017 comes to a close, now is the best time to think about and revisit your 2017 tax plan. Below are 5 year-end planning tips to make sure you are taking advantage of key tax savings opportunities before it’s too late. 1. Year-End Charitable Gifting Are their gifts you are planning to make in […]
Strategies For Managing Your Money Amid Tax Reform
November 30, 2017
For strategies to consider when managing your personal finances, read To Manage Your Money Amid Tax Reform, Channel Your Personal CFO. This article originally appeared on Middle Market Growth magazine’s website November 30, 2017.
10 Easy Steps – Starting a Business Owner’s Financial Plan
November 14, 2017
Business owners can be like running backs in football – put your head down and go! However, there are many obstacles – or defenses – in the way of sustained financial success. To transition business wealth to personal retirement assets, consider the preliminary steps presented below. Net Worth and Cash Flow Statements – Constructing a […]
401(K) Must-Do’s
October 3, 2017
The 401(k) plan has been a long-time cornerstone in the retirement investment portfolio for Americans. At its foundation, it’s an employer sponsored savings plan that allows investors to siphon off a portion of their paycheck, either on a pre-tax or after-tax basis, into a tax-deferred investment account. While this is the most basic construct of […]
To Defer or Not to Defer
August 15, 2017
The uncertainty over future State and Federal Tax Rates is creating more client questions regarding deferred compensation plans. Over the past month, a couple of high-earning, commission based insurance producers asked for guidance with the decision to participate in their company’s non-qualified deferred compensation plan. Unfortunately, the decision to participate is not as straight forward […]
Graduation Gifts with a Tax Break
August 8, 2017
Summertime brings us joy and excitement in many ways. There’s family barbeques, concerts, and weekend trips to the lake, just to name a few. It’s also a time for new experiences, as fresh empty-nesters pack up their cars and prepare to say goodbye to their recent high school graduates. With the 2017 Fall Semester looming […]
You May Be ABLE to Take Advantage of This Investment Account
May 9, 2017
Earlier in the year the Achieving Better Life Experience Act (ABLE) was passed into law allowing individuals with disabilities to fund a tax-advantaged savings account that could be used to pay for certain qualified disability expenses. An ABLE account works similarly to a 529 College Savings Plan, where the account is funded with post-tax dollars […]