Connections for Success


Wealth Management


An Estate Plan Benefits You and Your Family
Jeffrey R. Green

Quick question: Who needs an estate plan? The answer is everyone, not just the affluent. While gift and estate tax liability is not an issue for most folks, most families can benefit from a comprehensive plan that divides their wealth, protects their well-being and provides a compass for the future. Asset distribution Estate planning is […]


Approaching Retirement? How to Deal With Market Volatility
Christofer Georgiou

The COVID-19 pandemic has wreaked havoc on financial markets and the general economy, providing swings in both directions. If you are approaching retirement, or are already retired, you may be worried about the effects of market volatility on your retirement portfolio. Here is how to adjust your investments — and possibly, some of your expectations. […]


Giving to Charity is a Little Sweeter in 2020
Jacqueline N. Janczewski

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has temporarily created a new $300 charitable deduction for nonitemizers but also gives larger donors an opportunity to save more tax on their gifts. Here is what charitable donors need to know. Related Read: CARES Act Expands Financial Options for Impacted Plan Participants Limit suspended The CARES […]


Current Conditions are Favorable for Cost-Effective Wealth Transfers
Eileen Cozzi

The ongoing novel coronavirus (COVID-19) pandemic has taken a terrible toll on the economy. But the current low-interest-rate environment, coupled with depressed asset values, means that now may be a good time to transfer wealth to your children and grandchildren. Consider making gifts For 2020, the federal gift and estate tax exemption is an inflation-adjusted […]


Wait! Do Not Leave Your Job Without Your Retirement Account
Peggy Vyborny

When you leave a job, voluntarily or due to a layoff, you are likely to have a lot on your mind. It is all too easy to set aside decisions about your employer-sponsored retirement plan account for another day. But it is usually important to act quickly. Whether you have a 401(k), 403(b) or 457(a) […]


New Tax Strategies for Charitable Donors
Thomas Kosinski

The passage of the Tax Cuts and Jobs Act (TCJA) changed or eliminated some tax benefits for many taxpayers who frequently itemize deductions. However, tax-saving strategies may still be available. One solution is “bunching,” or donating twice as much in alternate tax years, to take advantage of itemizing in one year and then claiming the […]


Donor-Advised Funds Offer a Low-Cost Alternative to Private Foundations
Adam J. Pechin

Charitable givers sometimes establish private foundations to manage their philanthropic activities. But foundations are costly to set up and subject to excise taxes, minimum distribution requirements and other regulatory requirements. If you are looking for a more cost-efficient vehicle for leaving a charitable legacy, consider a donor-advised fund (DAF). Tax Cuts and Jobs Act provides […]


Capital Gains Planning: When Timing is Everything
Adam M. Levine

The timing of capital gains and losses may have a significant impact on your tax bill. So it pays to consider the tax implications before you sell investments, particularly as the end of the year approaches. The Long and short of it Generally, the longer you hold an appreciated investment, the better. It allows you […]


Substantiating Charitable Gifts: Do You Know the Rules?
Jeffrey R. Green

Recently, the IRS issued final substantiation regulations for charitable contributions. To avoid costly mistakes, it is important to familiarize yourself with these rules.


Section 529 versus Roth IRA Plans: Choosing a College Savings Tool
Christofer Georgiou

Many people assume that a Section 529 plan is the ideal college savings tool. But the Roth IRA can also help parents save for college expenses. This article reviews the strengths of each. For example, Sec. 529 plans allow participants to make substantial non-deductible contributions. Owners of Roth IRAs can withdraw contributions anytime, tax and penalty-free, for any purpose.

Older posts

Forward Thinking