Blog
High-Income Individuals Face New Medicare-Related Taxes
The health-care reform legislation enacted in 2010 included new Medicare-related taxes that first took effect in 2013. These new taxes target high-income individuals and families. Here are the basics: Additional Medicare payroll tax If...
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Moody’s Downgrades U.S. Banks: What Does This Mean for Investors?
Moody’s Investors Service cut the credit ratings of 10 U.S. regional, midsized banks by one notch and put six large banks under review for possible downgrades including U.S. Bancorp, Truist Financial, and Bank of New York Mellon....
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The Stealth Move by the IRS & Kids’ Inheritance
One recent development that has stirred conversations among investors and advisors alike is the issuance of the IRS Revenue Ruling 2023-2.This ruling has presented a unique set of challenges and opportunities for estate planning,...
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Wall Street Wisdom: Wise Words from Warren Buffett and Other Great Investors
You can learn a lot from those who have come before you. For individuals interested in investing, especially those new to it, learning and applying the wisdom from people that have found techniques that worked for them is a great...
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The Complex Waters of Aging Parents’ Finances
As professionals, managing our own finances can be a challenge. However, one area that we often overlook, yet is vitally important, is understanding and navigating our aging parents' finances. As they move into retirement and beyond,...
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Congress Tells Treasury to Expect SECURE 2.0 Technical Fixes
In late May 2023, Congress sent a letter to U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel saying that it will introduce legislation to correct several technical errors in the SECURE 2.0 Act. The letter, signed...
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The Challenges Facing Women Entrepreneurs
While the future seems brighter than ever for women entrepreneurs, a myriad of financial challenges continue to cast shadows over their journey. The increasing presence and contributions of women-owned businesses to the American...
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The Blame Game: Did Corporate Earnings Feed Inflation?
The world is facing an unprecedented economic challenge as the inflation rate continues to rise. People are trying to understand why their wallets are feeling lighter, and they are looking for someone to blame.
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Why Plan Sponsors Are Feeling More Responsible for Employee Financial Wellness
Bank of America's Workplace Benefits Report recently revealed that a whopping 19 in 20 surveyed employers felt responsible for their employees' financial wellness.1 But because financial wellness is such a holistic concept...
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Utilizing a 529 Plan as a Wealth Transfer Tool
529 plans are designed for saving for education and are beneficial since contributions accumulate and grow tax-free as long as withdrawals are used for qualified education expenses. But 529 plans may also be part of a wealth transfer...
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5 Ways Whole Life Insurance Provides Tax Advantages
Life insurance is essential in providing for beneficiaries upon your death, but it can also offer other tax advantages you may not know. For this reason, whole life insurance, also called cash value life insurance, is often used as a...
Read MoreSOCIAL SECURITY: MAXIMIZING BENEFITS
Most understand that waiting to claim Social Security benefits can result in higher monthly payments. However, many don’t know that there are other ways to maximize their benefits, some of which depend on their marital status....
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