Newsletter Archive

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

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College with Little Savings
If you started saving for a child’s college education later than planned, there are still a few things you can do to help lessen the financial load.

Who Needs an Audit?
You may know that publicly traded companies must undergo professional external financial audits, but what about closely held businesses? While owners of privately held companies aren’t required by law to go through this exercise, partners, lenders and private equity companies may demand it. Will your company need an external audit?

Appreciating Employee Benefits
Helping employees to appreciate the benefits your company offers can result in happier employees who want to stay at their job. You can accomplish this with consistent and informative communications.

June 2018 Client Profile
Brandon and Anne just bought their dream vacation home, which they intend to use a few weeks annually before making it their fulltime home in retirement. After last year’s tax changes, they wonder if they can deduct mortgage interest and real estate taxes.

Giving Now or Later
Charitable trusts are popular because they give donors a tax-advantaged way to benefit both a favorite cause or charity and their loved ones. Charitable remainder trusts (CRTs) and charitable lead trusts (CLTs) are the two most recognizable types of these trusts.

When the Owner Retires
Working to secure a comfortable retirement is difficult enough for many individuals, but the complexity multiplies when you combine that with selling a closely held business. If you’re selling your business and it also happens to represent most of your retirement income, there are a few steps you might want to take as retirement beckons.

June 2018 Q & A
Let's discuss some of the tax law changes and working with an investment advisor.

June 2018 Short Bits
A joint report by the LIMRA secure Retirement and Insured Retirement Institute (IRI) finds only 51% of Americans believe they are knowledgeable about Health Savings Accounts (HSAs).

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More About Tax Changes
While most taxpayers are now aware of lower federal tax brackets and other changes in the Tax Cuts and Jobs Act of 2017, some may be unaware of less publicized provisions of the new law. These changes feature a little good news, and a bit of bad news.

Custodial Accounts
With a recent change in how children’s income from savings is taxed, custodial accounts under UGMAs and UTMAs have seeped into talks about saving for college expenses. Here’s a look at what these accounts are and whether they can help accomplish your education savings objectives.

Client Profile...
Alexa wants to save for her daughters’ education, but also wants to control the funds so they don’t spend the money for something else when they become adults. Alexa wonders where she can save and maintain control.

You're Retired! Now What?
You worked a lifetime to build your retirement assets, now how do you take distributions? Any discussion about retirement income usually starts with required minimum distributions, or RMDs.

Easier to become a 501(C)(3)
The Internal Revenue Service revised an application and instructions that small charities must use to qualify for tax-exempt status. The IRS requires exemption-seeking applicants with assets under $250,000 and annual receipts under $50,000 to file Form 1023-EZ, Streamlined Application for Recognition of Exemption.

May 2018 Q & A
Let's discuss some of the tax law changes under the Tax Cuts and Jobs Act of 2017.

May 2018 Short Bits
COMPENSATION GREW BY 2.6% FOR CALENDAR YEAR 2017. That’s up from 2.2% in 2016, according to the Bureau of Labor Statistics (BLS). The last two years of wage increases are good news for workers, who saw years of wage stagnation following the Great Recession.

529 Plans Expanded
Gain some additional insight on 529 plans, and how they were impacted under the new tax bill.

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