Connections for Success

 

Wealth Management

12.21.18

Dollar Cost Averaging has an Unexpected Price Attached
Adam M. Levine

Many investors use dollar cost averaging (DCA) to reduce their average cost per share and lower the risk that they’ll make a substantial investment just before the market plummets. Although DCA offers some peace of mind, it also comes at a price.

11.16.18

Year-End Tax Planning for Investors
Adam J. Pechin

The end of the year is an ideal time to review your investment portfolio. You want to ensure that it is meeting your objectives and that the mix of assets continues to reflect your time horizon and risk tolerance. It is also a good point to implement strategies for reducing your 2018 tax bill.

10.05.18

Your Responsibility When Hiring Household Help
Jacqueline N. Janczewski

When you hire a housekeeper, nanny or other domestic worker, you do not just acquire an employee, but also a set of tax responsibilities. Proper filing and reporting enables your worker to build an employment record and gain access to Social Security, Medicare and other benefits. This also helps protect you from potentially expensive and time-consuming legal trouble.

09.24.18

Do You Trust Your Trustee?
Thomas Kosinski

Trusts are one of the most common estate planning options and are appealing for many reasons. However, they can be complicated to set up and difficult to keep updated for your lifetime planning. One of the big decisions you need to make when establishing a trust is who will act as trustee.

08.22.18

Should You Convert Your Balance to a Roth IRA?
Dan Newman

If you have accumulated a large balance in a traditional IRA, now may be an ideal time to convert some or all of it to a Roth IRA. The recently enacted Tax Cuts and Jobs Act reduces individual income tax rates through 2025, which lowers the cost of conversion.

07.31.18

Make Your Charitable Contributions Count Under the Tax Cuts and Jobs Act
Peggy Vyborny

The Tax Cuts and Jobs Act will likely reduce the tax benefits of your charitable contributions. However, that does not mean you should stop giving or reduce the size of your gifts. After all, the availability of tax deductions is not the reason you give.

06.22.18

Ready for REITs? Real Estate Can Help Diversify Your Portfolio

The stock market’s roller coaster ride earlier this year suggests that 2018 is going to be bumpier than previous years. If volatility makes you nervous, it is important to maintain a diversified portfolio that will not plummet in value every time the Dow drops or interest rates tick up. One way to diversify your portfolio is with real estate.

05.02.18

Using the 4% Rule to Make Retirement Fund Withdrawals
Steven Lewis

Determining how much of your retirement nest egg to withdraw each year can be stressful. You want to take out enough to maintain a comfortable lifestyle, yet the idea of running out of money is frightening. The 4% rule can help you determine your retirement fund withdrawal.

04.04.18

Estate Tax Planning: Why Annual Gifts Are Still Important
Thomas Kosinski

With the 2018 federal estate tax exemption being raised from $5.6 million to $11.2 million, some are wondering if making lifetime gifts to your loved ones may be less important than in the past. Even if your wealth is well below the exemption amount, a lifetime gifting program still offers significant estate tax planning and personal benefits.

03.05.18

Before You Renovate Your Home, Do the Math
David M. Bowman

Thinking about renovating your home to boost its market value? You’re not alone. In the first quarter of 2017, the Remodeling Market Index, compiled by the National Association of Home Builders, reached 58. That’s close to its historical high and is its strongest showing since the fourth quarter of 2015.

Older posts

Newer posts

Forward Thinking