Financial & Legal Professionals
Educational Articles
5 Things You Need To Know About The SECURE Act
The SECURE Act is by far the biggest retirement-oriented legislation to be enacted in over a decade. Many Americans are left wondering, “What does this mean for me?” Here’s what you need to know.The SECURE Act, passed in late 2019, is by far the biggest...
How To Get Tax Savings On Charitable Contributions After 2018
Qualified charitable distributions from an IRA provide individuals over 70½ with a way to receive income tax savings on charitable gifts—even if they decide to take the newly increased standard deduction.The proportion of individuals who claimed charitable deductions...
IRS Throws Salt in the SALT Deduction Limit Wound
The Tax Cuts and Jobs Act of 2017 introduced a limit for deductions on state and local taxes. Some states hoped to get around that through charitable contributions. But the IRS says no.In August of 2018, the IRS released new proposed regulations (technically, they are...
The SECURE & CARES Act’s Impact On Retirement
What Your Client's Need To Know NowThe Setting Every Community Up for Retirement Enhancement (SECURE) Act single-handedly upended many long-standing retirement rules when it became effective on January 1, 2020. Shockingly, the SECURE Act was pushed to the back burner...
Key Tax Changes From The Tax Cuts And Jobs Act
As financial professionals, we all have to deal with the fallout of the Tax Cuts and Jobs Act, so I’m enclosing a very handy reference card that I send to all of my clients which, I thought you might find beneficial as well. It’s called the Key Tax Changes From the...
Estate Planning Under The New Tax Act: Everyone Needs A Review
The Smart Estate Planning NewsletterWhen was the last time you examined your will or trusts? How about power of attorney or plans to gift assets? Under the new tax act, only eight per 10,000 estates will owe federal estate tax—at least until the act sunsets. That...
Factors To Consider When Updating Your Insurance Coverage
The Smart Asset Protection Planning Newsletter With government health care policies always uncertain and the memory of super storms still fresh, now is a good time to review insurance policies coverage, insurance needs, and emergency plans. Insurance coverage tends to...