Connections for Success

 

Wealth Management

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.

01.10.18

Start the Year Right: Review Withholding and Estimate Tax Payments
Adam M. Levine

Has this ever happened to you? Income tax time rolls around and you realize that over the course of the year, you haven’t withheld enough or failed to make estimated tax payments that you should have. You now owe the IRS money, even before factoring in underpayment penalties and interest. Many taxpayers make this mistake, […]

01.05.18

When is it Best to Claim Social Security?
Peggy Vyborny

Do You Know When Your Employees Will Retire? Your employees’ retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company’s plan. Another key variable is Social Security, but the Social Security benefit-claiming strategy that is best for them is not always easy to determine. However, online Social […]

12.19.17

2017 Year-End Individual Income Tax Planning in Consideration of the Tax Cuts and Jobs Act
Anna M. Coldwell

On Tuesday, December 19, 2017, the House of Representatives voted to pass the Tax Cuts and Jobs Act (TCJA). The Senate was expected to vote on the bill shortly thereafter. The TCJA combines the House and Senate versions of the proposed tax reform. If the bill is enacted, it will be the most comprehensive tax […]

11.02.17

Active Versus Passive Investment Funds: Should You Let Participants Decide?
Adam J. Pechin

According to a report by Casey Quirk of Deloitte, 72% of money invested into funds went into passive funds in 2015. While some may see this as a strong case for passive investing, it is not that simple for plan sponsors.

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