Connections for Success

 

Wealth Management

11.16.18

Year-End Tax Planning for Investors
Adam J. Pechin

The end of the year is an ideal time to review your investment portfolio. You want to ensure that it is meeting your objectives and that the mix of assets continues to reflect your time horizon and risk tolerance. It is also a good point to implement strategies for reducing your 2018 tax bill.

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.

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.

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 […]

09.12.17

Leaving a Financial Road Map for Your Loved One
Renee Andrews-Tushinski

We do not like to think about dying or becoming incapacitated due to illness, but it is important to be prepared.  In the event you become incapacitated or die, does your spouse or loved one know what assets you have or where they are located?  Do they know what bills need to be paid or how to pay them?  This article provides some questions and answers your loved ones need to know.

08.16.17

1031 Exchange – Beyond Deferring Capital Gains Tax

If you own highly appreciated business or investment real estate that you wish to sell, you can possibly avoid capital gains tax by exchanging it for new property of a like kind. A Section 1031 exchange can help you defer capital gains tax on appreciated property indefinitely and possibly eliminate it permanently.

06.15.17

What to do if You Inherit an IRA
Jacqueline N. Janczewski

Individuals who inherit an IRA have several options for handling the funds, depending on their relationship with the original accountholder. This article summarizes options for spouses and non-spouses.

03.30.17

Is There Unclaimed Property with Your Name on It?
Adam M. Levine

State unclaimed property programs are holding nearly $42 billion in assets, just waiting to be claimed by their rightful owners. This brief article explains how to search databases for unclaimed property and how to prove ownership.

01.10.17

How to Shift Income to Family Members and Save Money
David M. Bowman

This article discusses a strategy on how individuals who own their own business can reduce their income while helping their children get a head start on saving for retirement. A Sidebar discusses the problem of capital gains trapped in non-grantor trusts and possible solutions for liberating them.

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