Newsletter Archive



Tax Harvesting
No one likes to lose money, but the good news is that certain investment losses may be tax-deductible, so this is a good time of year to get an idea about how your investments are performing.

How Long is Enough?
When it comes to records, some are more important to keep than others. If you own a business, here is a look at some records you might want to hold on to for a while.

A Balanced Approach to Retirement
If you’re like many business owners, you may wonder how to leverage your business to maximize your retirement savings efforts. A cash balance plan may be one option, especially for highly paid principals and key executives of small corporations, partnerships and LLCs.

October 2018 Client Profile
Jerry is the owner of an architectural firm. He is 50 years old and wants to work past normal retirement age, but he wants to continue saving for an eventual retirement. Jerry wants to know if he is still required to take required minimum distributions at age 70½ if he is working.

A Trust For Disabled Individuals
A special needs trust, also known as a supplemental trust, is a legal document created by the family or guardians for the benefit of a disabled person who cannot manage their own finances. These trusts are designed to provide assets for the health and welfare of disabled individuals, often without jeopardizing government assistance such as Supplemental Security Income(SSI), Medicaid and other programs.

Special Needs, Special Savings
While parents have a variety of tax-advantaged ways to save for their children’s educational needs, they haven’t always enjoyed the same tax benefits when saving for the future of their special-needs children. The Achieving a Better Life Experience Act (ABLE) of 2014 provides such an opportunity.

October 2018 Q & A
Let's talk tax deductions and college planning under the recent tax reforms.

October 2018 Short Bits
The Bureau of Labor Statistics reports that private industry workers received an average of 15 paid vacation days after five years of service in 2017. The number of vacation days rises slowly with time, with workers receiving an average of 17 days after 10 years and 20 days after 20 years.

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Pay Healthcare Costs With Pre-Tax Dollars
We all know health insurance costs are growing, but do you realize by how much? According to the Peterson-Kaiser Health Tracker, healthcare costs rose 21.6% while general inflation grew 7.3% since the end of 2007. With no end to rising healthcare costs in sight, Health Savings accounts (HSAs) can help mitigate some of the pain.

2019 High Deductible Health Plan Limits
Do you own a business and want to offer a Health Savings Account to employees? Here are a few things to know.

Hot New Employee Benefit
This is the time of year when businesses roll out new employee benefits and fine-tune existing ones as part of open enrollment. One of the most popular benefits involves student loan repayment for employees. Here’s what you need to know about it.

September 2018 Client Profile
Marie is a fulltime employee for a furniture maker, and she also does freelance design for homes and businesses. Because she owns a home and pays taxes in a high-tax state, she wonders if she is withholding enough money after the new federal tax law put a limit on deductions.

How Much Is Enough?
How much will you need in retirement? The problem with this question is there is no one-size-fits-all answer. Your number will depend on many factors, including the following:

How To Draw Retirement Income
When you retire, you might draw income from a variety of sources. Which come first and how will taxes play a part? Here’s a look:

September 2018 Q and A
Let's talk taxes for hiring an eimployee, and profits when selling your home.

September 2018 Short Bits
FEWER AMERICANS RECEIVE GUARANTEED INCOME. – Just as more Americans are entering their retirement years, the number of Americans who get guaranteed retirement income is shrinking.

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When You Need Care
As America ages, more people are confronting the challenges of finding and paying for adequate long term care. Baby Boomers, in particular, face this challenge on two fronts as they care for aging parents while considering their own potential future care. This potential challenge needn’t become a crisis if you prepare accordingly.

Workplace Benefits
As open enrollment nears and companies review their employee benefit offerings, employers may want to consider the pros and cons of providing employees with access to long term care insurance. you are an employee, you might
consider reexamining this benefit if
your company offers it.

Dual Benefits
Employee benefits are often beneficial for both the companies that provide them and employees who receive them. When one of those benefits is paid medical or family leave, the loved ones of employees benefit, too - often at a crucial time in their lives. If you’re an employer who wants to offer benefits that really matter, consider the following.

August 2018 Client Profile
Jake owns a small company that is increasing business by bolstering its online presence. However, he wonders how to protect his company when cyber-thieves hack even large companies and government agencies. How can he best protect his company?

Raise Capital For Business
No matter how long you’ve been in business, there may come a time when you need to find the capital to fund growth, modernize equipment, increase your marketing dollars or make up for unanticipated cash flow challenges. If your company is in the market for extra cash, you might consider the following sources:

Living Together After 50
According to the Pew Research Center, the number of U.S. adults living with a partner continues to rise. While half of the approximately 18 million cohabitants are younger than age 35, almost one in four was age 50 or older. With the number of older Americans living together increasing 75% over 10 years, it’s important to consider the financial implications if you are in this group.

August 2018 Q and A
Let's discuss advanced degrees and being a small business owner.

August 2018 Short Bits
TAX ID THEFT HELP – Identity theft is a growing problem and clearing up the damage done by it can be costly and time-consuming.

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A Simple Way to Save
As summer approaches, many businesses begin to plan next year’s employee benefit menu. A retirement plan is typically among employees’ most desired benefits, and one of the simplest, most cost-friendly ways to provide one is the Savings Incentive Match PLan for Employees IRA – better known as a SIMPLE IRA plan.

Going it Alone Individual-Business
A one-participant 401(k) plan, often known as a solo or self-directed 401(k), is generally a good retirement plan option for solo entrepreneurs. Although this plan typically has the same requirements as any 401(k) plan, providers may offer solo retirement programs that are less complex and more cost-friendly.

Benefit Now, Pay Later
When companies offer employees deferred compensation in the form of “qualified” retirement plans, including 401(k) and SIMPLE plans, they offer tax-advantaged contributions and potential
earnings. “Non-qualified” deferred compensation (NQDC) plans don’t typically include the same tax advantages, yet they help companies compete for and retain top employees.

July 2018 Client Profile
My mother, Caroline, is 67 years old and will soon amicably divorce my stepfather. Currently, she receives spousal Social Security benefits and shares his pension payments. How will this change, if at all, when the divorce becomes final?

5 Estate Planning Musts
People of almost any financial means share some basic estate planning concerns, which should be addressed in written plans. Here are some tips that can help.

Overcoming Disability Business
If you are a small business owner and have a partner, you may have agreements about what will happen to business ownership should one of you die or voluntarily leave. A buy-sell agreement should address these events and should also include the possibility of an owner’s major disability.

July 2018 Q and A
Let's discuss depreciation caps and college tuition gifts.

July 2018 Short Bits
CONSUMER EXPENDITURES ROSE 2.4% IN 2016, ACCORDING TO THE DEPARTMENT OF LABOR’S BUREAU OF LABOR STATISTICS.

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