Articles & Insights

Recent Articles

Jan 11

Identity Theft and Taxes

Protect your personal information — especially your Social Security number — from identity thieves.

Identity theft is rampant in America. And tax-related identity crimes are among the fastest-growing offenses. Learn what the IRS is doing — and the steps you can take to stay protected.

May 05

Four Tips to Help You Navigate Volatile Markets

The market volatility due to COVID-19 has sparked a lot of fear and uncertainty, not only over how to keep ourselves and our loved ones healthy, but also in regard to our investment and retirement accounts. It’s understandable to be concerned about your money. However, there are a few things to be aware of that may help you keep perspective and stay calm until the storm passes — and we remain confident that it will.

Oct 24

Estate & Tax Planning for Your IRA

What "Uncle Sam" Doesn't Tell You Can Cost You

We have seen many individuals pay money for wills and trusts but fail to include their IRAs into a comprehensive estate plan. This oversight has cost them money in unnecessary taxes and even probate costs.  Our goal is to develop an estate and tax plan for you to minimize taxes and avoid probate costs with the money in your IRA.  Below, please find some common mistakes we have seen with IRAs and a planning point to help you avoid them.

 

Apr 25

Next Step Now That Tax Season is Over: Check your Withholdings

Now that tax filing season is over, are you still just a wee bit upset that you didn’t receive a tax refund or owed more than you expected? You’re not alone. After the Tax Cuts and Jobs Act became law in late 2017, tax rates for most individuals were reduced effective with the 2018 tax return filing (currently through 2025). However, it doesn’t appear that way at first glance to many recent taxpayers.

Apr 04

Our Team’s Top Tax Questions

We receive a lot of questions from clients throughout the year pertaining to taxes — which is a good thing since maintaining tax efficiency is an important part of any financial plan. In the interest of serving you well, and proactively, we thought we’d provide answers to the most commonly asked questions we receive about taxes, especially during tax return season. So here we go.

Apr 01

Seeing the Forest for the Trees — With a Cohesive Set of Financial Values

By Glen Cesari, CFP® | Wealth Advisor

The yearly ritual of Americans filing their taxes is an annual financial rite of passage. As we pour over reams of financial information, we are forced to confront the past year and our current financial situation. Often, this time of reflection has people wondering in the short term:

Jan 23

Coping with Down Markets

By R. Todd Holden | Financial Advisor

In spite of my long-held and deep conviction that stocks and stock mutual funds are an incredibly effective tool for middle-class Americans wanting to create wealth, I feel the strain and stress of down markets just like my clients do.  The difference is I need to assist my clients through these difficult times without them making decisions that will hurt them and their families in the long run. 

Sep 05

How Inflation Affects Retirees

Stay ahead of inflation in retirement

Inflation, a sustained increase in the price of goods and services in an economy over a period of time, averages a little over 3 percent annually.1 For the 12 months ending July 2018, U.S. inflation stood at 2.9 percent.2 As the economy grows, inflation tends to tick upward, and retirees and near-retirees may be especially concerned about how this will affect their finances.

Jul 23

529 Savings Plans: What Qualifies for Tax-Free Distribution?

Whether your child or grandchild is starting college now or in several years, if you are taking advantage of a 529 college savings plan, it’s important to remember which educational expenses qualify for tax-free distribution and which do not.* The IRS gives detailed guidance on qualified expenses in Publication 970. Here are a few important points.
 

Jun 21

Financial Planning in Retirement

The importance of financial planning doesn’t change at retirement

If you’re like many, you may assume that financial planning ends once you retire. After all, retirement is a major life milestone that you’ve planned and saved toward for many years, and it’s often a great relief to finally retire. But the notion that financial planning is no longer needed is mistaken and can lead to financial difficulties down the road.

Feb 14

The ABCs of RMDs and QCDs

Donating to charity can be good for your soul — and your tax bill

RMDs, or Required Minimum Distributions, are the minimum amounts that the federal government requires Traditional IRA (or other qualified retirement plan) holders to withdraw starting the year they turn 70 ½. Uncle Sam doesn’t let us defer taxes on our retirement accounts forever. And if RMDs are not taken, significant penalties will apply.