Charitable Donations: Stock vs. Cash

Charitable Donations: Stock vs. Cash

As we approach year end and the holiday season, you may be thinking about giving back. According to the Network for Good, 29% of all giving done on their platform in 2016 occurred in December, with 11% taking place over the final three days of the year. Properly planning your charitable contributions can help lead to a more profound positive impact on the cause of your choice while helping to alleviate the tax impact on yourself. Now is the time to plan out and begin to execute your charitable giving strategy.

Donating stock can be a very impactful way of making your charitable contributions. Consider these four reasons when deciding to donate stock vs. cash to your favorite charity or cause.
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The Financial Crisis: Then and Now

The Financial Crisis: Then and Now

Today, we can look back and glean important insights from the financial crisis that began with the U.S. housing market and culminated with a full-blown global credit crunch that affected many countries around the world. This crisis, known as the Great Recession, is the worst recession in the United States since the Great Depression. The start of the crisis is often marked by the bankruptcy of investment bank Lehman Brothers on September 15, 2008. Read More..

The “New Retirement”

The “New Retirement”

Emphasis in retirement is generally placed on financial planning, which is critically important, but doesn’t address the potential void of emotional, psychological, intellectual and physical adjustments. Serious attention to these non-financial aspects is important for those who are considering retirement, wanting to revitalize their current retirement and/or are a partner in a retirement relationship.
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The Sandwich Generation

The Sandwich Generation

According to the Pew Research Center, 1 in 7 middle aged adults is providing financial support to both aging parents and their children. The term “Sandwich Generation” is used to describe people between their late 30’s through their early 50’s who are feeling the financial pressure of supporting their aging parents, supporting their children, and saving for their own retirement. Read More..

2018 Retirement Account Contribution Limits

2018 Retirement Account Contribution Limits

Tax-deferred retirement accounts allow investments to compound free of taxes, which can make them an exceptional investment vehicle. One of the downsides is the fact that there are annual contribution limits on these accounts. The IRS is in charge of determining the contribution limits to each of these types of accounts. In determining these limits, they take into account several factors including your income. They announce the limits for the upcoming year annually, which may or may not change. Below are the 2018 contribution limits for some of the various retirement accounts.
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2017 Year End Planning

2017 Year End Planning

The Senate and the House have both released their proposed versions for tax reform. While they work to iron out the differences, consensus has it that the bill will probably take effect on January 1, 2018, even if it has to be made retroactive at some point during 2018. Certain opportunities are poised to disappear next year and action can be taken by December 31st of this year to take advantage of the current tax laws. Year-end tax moves will likely be more important this year as the government is trying to implement new tax laws for 2018. In preparation for the potential passing of the bill, we have outlined a couple ideas to consider before year end.
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Raising Money Savvy Children

Raising Money Savvy Children

Talking about money is not something all parents are comfortable with. For some people it can be too complicated. For others, too scary. Some families simply just do not have the time to teach their children about money. According to a recent T. Rowe Price survey, 69 percent of parents have some level of reluctance when it comes to talking to their children about money. However, those parents that are able to get over the hurdle and have these conversations with their children are much more likely to have children that are financially smart. As a parent, you can be part of this solution. Budgeting, earning, saving, spending, and investing are broad concepts that you can teach your children at a young age to help ensure they are money savvy throughout their lives.
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Equifax Data Breach Update

Equifax Data Breach Update

Earlier this month, Equifax disclosed that as many as 143 million people were affected by a data breach that occurred from mid-May through July. The hackers were able to access people’s names, Social Security numbers, birth dates, addresses, driver’s license numbers, credit card numbers, and dispute documents containing personal identifying information. Below is the link to a great article addressing the next steps you need to take to protect yourself.

Equifax Breach Aftermath: 10 Steps to Take to Protect Yourself Today