Passed and signed into law in last December, the Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, fundamentally changed how qualified account owners should approach naming beneficiaries. What are qualified accounts? Most of us have at least one type of qualified account, which provide us with certain tax advantages and […]
Keys from the CARES Act – What You Need to Know
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. This legislation provides relief for individuals and businesses negatively impacted by the coronavirus pandemic. Though the scope of the package is extensive, we will focus on a few key points for individuals. Below is a summary of […]
How to Stay in Control Amid Extreme Market Volatility
After hitting record highs just two weeks ago, the market is now experiencing the worst sell-off since the 2008 financial crisis. The market seems to be pricing in the worst-case scenario for the spread of the COVID-19 epidemic. A big shout-out to you, our clients, who have remained calm during this very tumultuous time. Our […]
Simple and Smart Year-End Planning Moves
The following information has been updated for 2019 and 2020. Another year has come quickly and we are now racing to year’s end. Before the “busy” holiday season commences, right now is the perfect time to do some last-minute year-end planning, particularly for items that have an expiration date of December 31. Income Tax Mitigation […]
Simple and Smart Year-End Planning Moves
This blogpost was originally published in September of 2016. Relevant information has been updated for 2018. The “relatively” quiet period between Thanksgiving and Christmas is a perfect time to do some last-minute year-end planning, particularly those that have an expiration date of December 31. Income Tax Mitigation By this time of the year, you should have […]
This Useful Feature Could Simplify Your Charitable Donations
Thanks to the Qualified Charitable Distribution (QCD) provision, more retirees with charitable commitments are utilizing their IRAs – and often satisfying their required minimum distributions (RMD) in the process. However, the procedure can be time-consuming. The challenges include filling out the necessary paperwork for each charity, verifying the charitable organizations’ status, deciding amount (and frequency) […]
