What Everyone Needs to Know About the New Tax Laws
When the formal tax reform process began during the second half of 2017, the key goals were to simplify the tax code, eliminate certain unpopular taxes, reduce taxes for the middle class and significantly reduce the corporate tax rate. In the end, we have the Tax Cuts...
Five Things You Need to Know to Ride Out a Volatile Stock Market
1. Watching from the Sidelines May Cost You When markets become volatile, a lot of people try to guess when stocks will bottom out. In the meantime, they often park their investments in cash. But just as many investors are slow to recognize a retreating stock market,...
Year-End Tax Planning Tips
The uncertainty surrounding potential tax law changes has dominated headlines in the past few weeks. While the tax landscape for 2018 is still up in the air, we know what the laws are for 2017 (assuming none of the potential changes are made retroactively, which...
Corner on the Market: Basic Financial Terms to Know – Stretch IRA
Just as it sounds, a stretch IRA is a minimum withdrawal strategy designed to “stretch” the period over which earnings can be tax-deferred. This is a popular tax mitigation technique with inherited or “Beneficiary” IRAs. Essentially, the IRS allows you to take minimum...
Long-term Investment Success: Time
Sticking to a sensible strategy potentially beats market timing. When the markets drop, sometimes investors panic, selling at or near a market bottom. Then they wait too long to get back in once the market recovers. More often than not, these investors make “market...
2018 Annual Contribution Limits for 401(k) Plans
While the 2018 annual contribution and benefit limits have not changed significantly from last year here are a few of the highlights: The 401(k) & 403(b) maximum annual elective deferral limit increased to $18,500 The defined benefit annual limit has increase...