Connections for Success


Wealth Management


How to Plan for a Tax-Efficient Retirement
Justin L. Sylvan

People today are living longer than ever. These longer life expectancies mean that your retirement savings may have to stretch for more years than you anticipated. Effective tax planning strategies will ensure that your retirement goals are met. Review Your Income Sources The first step is to estimate your cash needs in retirement and evaluate […]


Intrafamily Loans Offer Family Value
Jeffrey R. Green

When children or other family members need financial assistance, it may be tempting to simply hand them a check. But lending, rather than giving, money to your loved ones offers several advantages.


Maximize the Benefit of Nondeductible IRA Contributions
Thomas Kosinski

Many taxpayers choose to contribute to Roth IRA accounts because they provide for tax-free distributions in the future. However, not all people are eligible to contribute to a Roth IRA. If your income is too high, you may want to consider making nondeductible contributions to a traditional IRA.


Making the Most of the New Pass-Through Deduction
David M. Bowman

Many families use pass-through entities such as partnerships, limited liability companies and S corporations for financial, estate or succession-planning purposes. If you own interests in any such entities, it is important to familiarize yourself with the new 20% “pass-through” deduction contained in the Tax Cuts and Jobs Act.


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.


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.


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.


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.


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.


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.

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