• 8 Considerations for 2020 Year-End Tax Planning

    In addition to the challenges brought on by the COVID-19 pandemic, 2020 also saw new and amended tax laws. Looking ahead, there is also the potential for tax increases—both federal and state—particularly on the wealthy. What should you be aware of as you begin to prepare for 2020 year-end tax planning?

  • Planning strategies for remaining 529 balances

    Excess funds in a 529 Plan? Learn strategies to address this issue.

  • The changing landscape of 529 plans

    Over the last few years, there have been a number of policy changes related to 529 plans due to the introduction of the PATH Act, Tax Cuts & Jobs Act, SECURE Act, and CARES Act.

  • Which type of special needs trust is right for you?

    There are two types of Special Needs Trusts (SNTs), first-party and third-party SNTs. Which type of special needs trust makes the most sense for you to use depends upon whose property is funding the SNT.

  • Is your A/B trust arrangement still necessary?

    As a result of the American Taxpayer Relief Act of 2013, and more recently, the Tax Cuts & Jobs Act of 2018, most couples no longer need to be concerned about federal estate tax. However, if you established an A/B trust prior to 2010, you might want to take steps now to revoke the trust in order to avoid the unnecessary expense and hassle for your family.

  • An annuity income strategy during volatile markets

    Having a financial plan in place for the good times and the bad is essential, especially as one approaches retirement.

  • Should I convert from a traditional IRA to a Roth IRA in a volatile market?

    The lowering of tax rates prior to the coronavirus pandemic made it a good time to consider converting your traditional IRA to a Roth IRA.

  • Consider a backdoor Roth if you make too much to contribute to a Roth IRA

    A Roth IRA is an individual retirement account that allows a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59 1/2 are tax free if it has been at least five years since you first opened and contributed to your Roth IRA, regardless of your age when you opened it.

  • Looking for an alternative to a stretch IRA? Consider life insurance

    Retirement account owners looking to lower tax bills for their heirs may be concerned that the opportunity to “stretch their IRA” is eliminated for most people now that the SECURE Act has passed.

  • Using insurance to help protect your income

    Protecting that valuable asset is just as important as insuring your home or your car, when it comes to your family’s safety and security.

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