Financial Services Articles
Posted by Bryan Staniszewski on February 18, 2021
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed plan sponsors to relax loan and distribution rules in 2020, giving participants greater access to funds during the pandemic. These provisions were implemented to provide relief as many employees do not have adequate short-term savings.
Posted by Bryan Staniszewski on December 16, 2020
In today's uncertain investing climate, you might be thinking about diversifying your IRA portfolio to include some direct and indirect investments in gold, silver, and other precious metals. If so, what are the possible tax implications?
Posted by D’Marie Murray on August 10, 2020
The COVID-19 pandemic has resulted in many people borrowing from their companies' qualified retirement plans. If economic fallout from the pandemic causes you to default on one of these loans, it will cause negative tax and retirement-saving consequences.
Posted by Robert Ingrasci on July 16, 2020
For art collectors, it's critical that their estate plans address their collections separately from other types of assets. That's because there are special appraisal and documentation rules for art. Collectors also need to decide whether they want to sell, bequest or donate their collection. Donating can be an effective way to reduce capital gains and estate taxes.
Posted by D’Marie Murray on July 16, 2020
The IRS recently issued guidance related to coronavirus-related distributions allowed under the CARES Act. The guidance applies to qualified individuals, employers, and eligible retirement plans. It explains who qualifies to take an eligible distribution. It also includes relief to anyone who already took a required minimum distribution in 2020 from certain retirement accounts.
Posted by Jeffrey Budzinski on May 27, 2020
Many families view college as an investment in their children's futures, but the novel coronavirus (COVID-19) pandemic is causing families to reevaluate their options — and, in some cases, make major, life-altering changes. Here's an overview of how much it currently costs to pursue an undergraduate degree and strategies to consider to cut higher education costs during these uncertain times.