SECURE Act 2.0 Makes Changes to RMD Age, Contribution Limits and More
SECURE Act 2.0 has already made a huge impact on the way employees save for retirement. Signed into…
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89 Results Found
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September 20, 2023
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September 12, 2023
How High Net-Worth Individuals Can Safeguard Deposits Amid Banking Uncertainty with a Cash Diversification Strategy
Moody’s, the global risk assessment firm, has recently announced their decision to cut the credit rating of several…
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June 6, 2023
Benefits of Hiring Your Child for Your Family Business
Operating a family business oftentimes means exactly that: the entire family is involved, even minor children who may…
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December 20, 2022
Gift and Estate Tax Changes Coming in 2023, What You Need to Know to Prepare
As the lifetime gift tax exclusions and estate tax exemption sunset draws closer, planning for future annual gifting…
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December 8, 2022
Year-End Tax Planning Tips: Consider Estate and Gift Tax Exclusions, Roth IRA Conversions and More
The end of the year is an opportunity to get your affairs in order for the year ahead,…
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November 22, 2022
Converting to a Roth IRA in 2022 Could Decrease Your Future Tax Burden
Converting to a Roth IRA from a traditional IRA may result in an immediate tax liability but timing…
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August 16, 2022
Tax Deductions for 529 Plans Outside of Your Resident State
A 529 plan is a tax-advantaged savings plan which is aimed toward encouraging saving for primary and secondary…
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August 9, 2022
Take Advantage of Increased Estate Tax Exemption and Gift Tax Exclusions in 2022
Annual gifting is a valuable part of most estate plans. With increased gift and estate tax exclusions in…
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July 8, 2022
How Portability Can be a Valuable Estate Planning Tax Strategy
Good news came for taxpayers with large estates when the Tax Cuts and Jobs Act (TCJA) was passed.…
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June 30, 2022
Can You Use the QBI Deduction for a Trust?
The Qualified Business Income (QBI) Deduction has been a popular incentive for businesses and their owners following the…
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June 14, 2022
The Basics of Cash Balance Plans for Employees and Business Owners
Saving for retirement throughout your career helps you work towards having the lifestyle you desire when the time…
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November 9, 2021
High Net-worth Individuals Would Feel the Effects of the Proposed Capital Gains Tax Increase
President Biden’s Build America Back Better Act proposes numerous tax law changes that would affect corporations and individuals.…
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November 2, 2021
Year-End Tax Planning Tips for 2021: Consider Tax Law Changes and Traditional Strategies
This year we experienced new and familiar challenges from the year before, including returning to the office, navigating…
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September 14, 2021
Pending Estate Tax Exemption Decrease Creates Opportunity for Large Estates to Gift Now
The Tax Cuts and Jobs Act significantly increased the gift and estate tax exemption threshold. The current lifetime…
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August 3, 2021
Settling an Estate: A To-Do List for Executors
When a loved one passes away, there is a lot to think about during this difficult time. If…
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July 20, 2021
Now is the Time to Consider a Spousal Lifetime Access Trust (SLAT) for Estate Tax Planning
The estate tax exemption has always been a powerful estate tax planning tool for individuals and families. Currently,…
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May 4, 2021
Pandemic-Related Relief for Dependent Care Flexible Spending Accounts
The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021, offering many pandemic relief…
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December 22, 2020
Gifting Personal or Business Assets to Children Using a Family Limited Partnership
Passing along a business or wealth to the next generation is a goal of many individuals. There are…
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October 29, 2020
Year-End Tax Planning for 2020: RMD Changes, Tax Law Proposals and Strategies to Consider
Being nimble has seemed like a requirement for all of 2020. We have needed to be nimble with…
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September 3, 2020
How the 2020 Presidential Election Could Impact Your Estate Planning
With the presidential election quickly approaching, it’s important for individuals with large estates to begin considering how the…
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August 25, 2020
How the CARES Act Encourages Charitable Giving in 2020
To encourage more charitable giving in 2020 and to help charitable organizations recover from the pandemic, the CARES…
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August 11, 2020
How Does the CARES Act Affect My Retirement Distributions in 2020?
While the CARES Act relief efforts were largely targeted towards businesses, there were also significant changes around rules…
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January 28, 2020
Can I Transfer My Social Security Benefits to Children or Heirs?
When planning for social security distributions, a common question we hear from retirees is, can I provide a…
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November 25, 2019
IRS Confirms No Clawback for Gift and Estate Tax Exclusion – Act Now for the Biggest Benefit
The Treasury Department and the Internal Revenue Service (IRS) recently issued final regulations around the increased gift and…
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October 24, 2019
Making Technology Work for You: 5 Tips for Proactive Digital Estate Planning
While the current estate tax exemption is higher than most people will qualify for at $11.4 million, estate…
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October 21, 2019
Understanding Revocable, Irrevocable and Charitable Trusts
Estate planning is often an overlooked aspect of financial wellness, but it is one of the most important…
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October 15, 2019
Tax-Advantaged Investing with Asset Location
The allocation of assets between taxable and tax-advantaged accounts, known as asset location, is a tax minimization strategy…
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October 8, 2019
How to Give and Get Back with Tax-Advantaged Charitable Giving Following Tax Reform
Many more taxpayers are now taking the standard deduction as a result of the Tax Cuts and Jobs…
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September 12, 2019
The Basics of 529 Savings Plans
As tuition costs continue to rise, contributing to an IRS 529 plan can help offset future expenses. Before…
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August 15, 2019
The Supreme Court Case That Will Impact Your Estate and Trust Planning
As states have become increasingly aggressive to generate tax revenue, the US Supreme Court issued a unanimous decision…
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April 9, 2019
Tax Reform for Individuals: Repealing the Overall Itemized Deduction Pease Limitation
The Pease Limitation previously put a cap on how much wealthy individuals could claim for certain itemized deductions…
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March 12, 2019
Tax Reform for Individuals: Qualified Charitable Distributions
The tax benefits of donating to your favorite charity have changed under the Tax Cuts and Jobs Act…
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February 19, 2019
Tax Reform for Individuals: Roth Recharacterizations
Converting a traditional IRA to a Roth IRA may make sense for your retirement strategy depending on your…
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February 14, 2019
Tax Reform for Individuals: Standard Deduction and Personal Exemption Changes
If you’re used to itemizing deductions for expenses such as mortgage interest, state and local income tax and…
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February 4, 2019
2019 Retirement Plan Contribution Limits for Individuals
The IRS has adjusted dollar limits for employer-sponsored retirement and welfare plans, as well as for individual retirement…
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January 8, 2019
Tax Reform for Individuals: Moving Expenses
Relocating for a current job or new opportunity used to mean you could deduct some of your moving…
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