Financial Services Articles
December 2019 Market and Economy Update
Posted by David Schlein on December 23, 2019
The December market and economy update discusses the economic expansion and the strong jobs report.
Preserve Your Happy Family With a Total Return Unitrust
Posted by D’Marie Murray on December 03, 2019
When the interests of trust beneficiaries come into conflict, everyone in the family can suffer. If your trust includes both “lifetime” and “remainder” beneficiaries, it's possible to align the interests of both groups with a total return unitrust.
Year-End Strategies to Reduce AGI
Posted by Brian Kern on October 23, 2019
Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea.
Year-End Tax Planning Moves for Small Businesses
Posted by Kerry Roets on October 17, 2019
Due to political gridlock, federal tax law hasn't changed much since the Tax Cuts and Jobs Act was enacted. Most of the provisions affecting businesses went into effect last year, so the year-end tax planning strategies that worked for 2018 may still be valid for the current tax year, but your specific tax situation might be different.
Reap Tax Rewards from Year-End Harvesting
Posted by David Schlein on October 10, 2019
The stock market has experienced plenty of ups and downs this year, so some investors are poised to take big gains for 2019, while others are currently showing losses and many have both. What are the tax consequences if you sell securities?
Taxes and Long Term Care Insurance – What Your Need to Know
Posted by Bryan Staniszewski on September 12, 2019
If you or a loved one needs long-term care, consider purchasing a long-term care (LTC) insurance policy. As a bonus, qualified LTC policies may deliver some tax breaks.
Changing Jobs? What Will Become of Your 401(k) Balance?
Posted by Bryan Staniszewski on August 29, 2019
Most private-sector employers put you in the driver's seat when it comes to saving for retirement. You might prefer the flexibility of rolling over your accumulated retirement savings into an IRA. This choice assumes, however, that your next employer's 401(k) plan allows you to move money into it from another 401(k) plan.
Wealth Planning Opportunity | Spousal Limited Access Trust
Posted by Cheryl A. Jankowski on May 09, 2019
Tax reform legislation doubled the federal estate, gift, and generation-skipping transfer (GST) tax exemption to $11.18MM (as indexed for inflation) per person. This created a seven-year window for increased wealth transfer planning.