SECURE Act (part 3)

A SECURE Act provision will make it easier and less expensive for small business owners to set up retirement plans for employees. The new rule will let more small businesses band together to offer what are called Multiple Employer Plans or MEPs. However, it could be a few years before small business employees without retirement…

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SECURE Act (part 2)

Stricter rules for post-death required minimum distributions curtail ‘Stretch IRAs’: The Secure Act requires most non-spouse IRA and retirement plan beneficiaries to drain inherited accounts within 10 years after the account owner’s death. This is a big anti-taxpayer change for financially comfortable folks who don’t need their IRA balances for their own retirement years but…

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Secure Act (part 1)

President Trump signed the SECURE Act the end of 2019 as part of the government’s spending bill and it will inevitably affect most retirement savers, for better or worse. The SECURE legislation — which stands for “Setting Every Community Up for Retirement Enhancement” — puts into place numerous provisions intended to strengthen retirement security across…

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Identity Theft (part 2)

You might not realize all the ways someone can steal your identity, like Employment and Tax-Related Fraud, Credit Card Fraud, Phone and Utilities Fraud, Bank Fraud, Loan and Lease Fraud, Government Documents and Benefits Fraud. Then there are things like the 2017 Equifax Data Breach, where 143 million Americans (about 40% of the population) had…

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Identity Theft (part 1)

This topic has been on our minds for a while, but we had to do something after learning what happened to John. It was… The Most Upsetting, Emotional, and Time-Consuming Event Of His Life – The Theft of His Identity! First, let us tell you a bit about John. He’s an average American, just like…

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Opportunity Zones (part 2)

Opportunity Zones were created in the 2017 tax reform to encourage investors to reinvest their capital gains into these areas, in exchange for certain Federal (and possibly State) capital gains tax advantages detailed below. Deferral of Capital Gains Taxes: Capital gains (short‐term or long‐term) from the sale of any asset that is reinvested in an Qualified…

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Opportunity Zones (part 1)

Opportunity Zones were created through the Tax Cuts and Jobs Act of 2017. Opportunity Zones are low-income census tracts nominated by U.S. State Governors and certified by the U.S. Department of the Treasury, to encourage investors to reinvest their capital gains into these areas, in exchange for certain Federal (and possibly State) capital gains tax…

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Inspiring Women Recap

We had a great time at the Inspiring Women event this fall! We really appreciate spending time with women (and men) who value learning and are taking control of ​their future! Too many in our world just let life happen to them​. We always walk away from nights like that refreshed! The foundation of our events was…

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Creating a Strong Portfolio and Honoring Veterans

There are four basic investing terms that deal with the tactics of investing; active, passive, strategic and tactical. Let’s start with passive. In passive investing, the goal is to match the benchmark’s performance. For example, there are multiple S&P 500 index funds. These funds are investing to mirror the S&P 500 index; this is as…

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Behind the Mask of an Industry Giant

With Halloween, you have probably just say your fair share of masks and costumes. Some cute, some fun, some a little on the creepy side and some downright scary. We like to stay away from the scary, but we enjoy the cute and fun. In our family, we had Elvis and Pricilla (along with baby…

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