Taxes

Evolution of the 401(k)

When employer-sponsored 401(k) plans were introduced in the 1980’s, an unexpected consequence occurred: Pensions stopped being the norm. One reason is that companies found 401(k) plans less expensive than traditional defined benefit plans. At the time, 401(k) plans were touted as an opportunity for greater earnings and a richer retirement lifestyle. While it’s true that…

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A Look at the Potential Effects of Tax Reform

The tax overhaul legislation that was passed in December has been billed as a means to streamline tax filings at both the individual and corporate level. We certainly could use it. According to the IRS, Americans spend a total of 6.6 billion hours a year filling out tax forms. While simplifying taxes is a good thing,…

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Retirees And Tax Returns

Under what circumstances can you not file a federal tax return? Presently, there are two scenarios: If Social Security benefits are the taxpayer’s only source of income; or, In the 2017 tax year, if a taxpayer’s total income is less than his or her standard deduction plus one exemption (assuming the taxpayer is not claimed…

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Market Thoughts January 6, 2018

Equity markets posted strong gains for the start of 2018. Large-cap, small-cap, international developed, and emerging markets essentially gained 10% of their entire 2017 returns in the first week of 2018.. Jeremy Grantham, co-founder of Grantham Mayo & van Otterloo, penned a noteworthy article this week. He proposed the possibility of a melt-up in the…

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Year-End Tax Tips

As of this writing, Congress is attempting to reform our tax code. While changes are common with every new presidential administration, an initiative so transforming as to be called “tax reform” is quite unusual — the last major tax overhaul happened during the Reagan administration in 1986. According to Fox News, some who may benefit…

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Market Insights – One for the History Books

  Government debt sales are set to more than double in 2018, lifting net issuance to $1.3 trillion, the most since 2010, according to JPMorgan Chase & Co. estimates. With the Federal Reserve shrinking its bond holdings and deficits poised to swell even before considering the tax overhaul, all signs point to higher financing costs.…

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Don’t Make These Retirement Mistakes

It’s easy to get overwhelmed just thinking about preparing for retirement. With so many variables to consider, it’s hard to know what you should do about developing a strategy for retirement income. If you’re having trouble wrapping your hands around what you should do, you might want to begin by focusing on what you shouldn’t…

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IRS News to Know

As we head into the final quarter of 2017, it’s a good idea to stay cognizant of any tax issues that may affect your finances come April 2018. Now is the time to review your investments and income distribution plans to help ensure you don’t trigger additional taxes or penalties later on.   We can…

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Back to School: Planning for College Expenses

Paying for college has become one of the greatest challenges of the American family. Whether your children plan to attend a state university, a private institution, or it’s just too early to tell, planning for college expenses should be a primary factor when considering your investment portfolio and other financial vehicles.

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