Category: Blog Posts

Keep This Estate Planning Checklist Handy

This month we’ve been sharing information about estate planning, since October is National Estate Planning Month. In this week’s blog, we present a checklist of some of the most important items that should be on your estate planning to-do list. Designate an executor or trustee. This is the person who will be responsible for handling […]

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Celebrating National Estate Planning Awareness Month

October is National Estate Planning Awareness Month. To help raise awareness of the importance of estate planning for families, we’ll be publishing blogs all month long that discuss various aspects of the estate planning process. Here in the first blog, we dispel the mistaken notion some people have that estate planning doesn’t apply to everyone. […]

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Expanded Child Tax Credit: A Tax Reform Provision That Could Benefit the Affluent

Expanded Child Tax Credit A Tax Reform Provision That Could Benefit the Affluent It has been about nine months since the Tax Cuts and Jobs Act (TCJA) was signed into law, but many individuals and families are still sifting through all the details of the legislation to determine ways that they might benefit. There’s at […]

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How Tax Reform Affects the Kiddie Tax

Some parents and grandparents make gifts to their kids and grandkids in an effort to reduce income taxes. This strategy shifts income into a child’s or grandchild’s lower tax bracket while also removing assets from a parent’s or grandparent’s taxable estate. But the tax benefits of this strategy are limited due to what’s often referred […]

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Pension Payouts: Lump Sum Payout vs. Monthly Payments

If your employer offers a pension plan, congratulations! Fewer businesses today are offering traditional pension plans to employees, instead opting for defined contribution plans like 401(k)s. Assuming you have a pension plan, you may be given the option at some point of receiving a lump-sum financial payout or monthly payments over time. Many large businesses […]

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Free Credit Security Freezes Are On The Horizon

The massive Equifax data breach that occurred last year prompted many consumers to place a security freeze on their credit files in order to protect their identity. This freeze blocks lenders from pulling your credit reports, which can help prevent data thieves from opening new credit accounts in your name. Banking reform legislation that passed in […]

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The Benefits of Switching to Electronic Document Storage

For many people, the days of storing important financial and tax documents in filing cabinets, home safes and even shoeboxes are a thing of the past. These old-fashioned storage solutions are being replaced by more sophisticated digital solutions, which are commonly referred to as electronic filing cabinets. You could enjoy many benefits by converting your […]

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Financial Tips for Living with “Boomerang” Kids

One-third of adult children between the ages of 18 and 34 are now “boomerang” kids living with mom and dad, according to a study conducted by the Pew Research Center. This situation can sometimes lead to some serious family drama, like what happened when Michael Rotondo, a 30 year-old-man, was recently evicted from his parents’ […]

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Fraud Alert: Why Millennials Are Especially Vulnerable to Scams

It appears that Millennials aren’t as tech-savvy and cyber-smart as many think they are. In fact, Millennials may be the easiest generation to scam, according to the BBB Scam Tracker, a crowd-sourced reporting tool. Of those reporting scams to the BBB Scam Tracker, 34 percent between the ages of 18 and 24 failed to detect […]

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How Could a Trade War Affect Your Investments?

The economic news has been dominated in recent weeks by the tariffs the Trump administration has imposed on imports into the U.S. from China and other nations. These include steel (25%), aluminum (10%), washing machines (20%) and solar panels (30%). In early July, an additional $34 billion in tariffs was assessed on more than 800 […]

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