Short On Time? Here’s a Quick Summary: 529 plan funds can be used for a variety of educational expenses, including higher education, vocational or trade schools, and K-12 tuition at public, private, or religious institutions. Qualified expenses include tuition, housing,... Read More
Have you heard about the new IRS requirement that may impact your business? Beneficial Ownership Information (BOI) Reporting Established by the Corporate Transparency Act in 2021, this new reporting mandate is designed to help U.S. law enforcement combat money... Read More
Short On Time? Here’s a Quick Summary: The Alternative Minimum Tax (AMT) is a separate tax system designed to ensure that high-income earners pay a minimum level of taxes, with more restrictive deduction rules than the traditional tax system. Due... Read More
Short On Time? Here’s a Quick Summary: Four 401(k) Key Considerations: When leaving a job, individuals can leave their 401(k) with their previous employer, transfer it to their new employer’s plan, roll it over into a traditional IRA, or cash... Read More
Short On Time? Here’s a Quick Summary: Setting Clear Goals and Planning: Just as Olympians set specific, measurable goals and follow detailed training regimens, high-net-worth families should define clear financial objectives and develop comprehensive financial plans with the help of... Read More
Short On Time? Here’s a Quick Summary: Initial Retirement Spending: New retirees may spend more initially, but spending tends to decrease over the years. For example, average annual spending drops from $70,570 for households headed by 55-64 year-olds to $52,141... Read More
Short On Time? Here’s a Quick Summary: Catch-Up Contributions Overview: Workers over 50 can make additional contributions to their qualified retirement plans beyond the standard limits, with contributions up to $30,500 allowed in 2024, compared to the $23,000 limit for... Read More
Short On Time? Here’s a Quick Summary: Rising Subscription Costs: The average American spends $219 per month on subscriptions, often underestimating the total amount by over $100, leading to unnoticed financial strain. Forgotten Payments: Many households have ongoing autopayments for... Read More
We’re thrilled to share that Doug Leach, our mid-Cap Strategy Portfolio Manager, has been selected as the Domestic Mid-Cap Equity Emerging Manager of the Year! This recognition underscores Doug’s exceptional skill within the Mid-Cap Space. Join us in congratulating Doug... Read More
Each year the Internal Revenue Service (IRS) evaluates its limitations for employer-sponsored retirement plans (401(k), 403(b), 457, TSP, etc.), individual retirement accounts (IRA), Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), dependent care accounts, and payroll taxes for Social Security,... Read More