This week’s reader question is about the child tax credit for 2021: What should I know about eligibility and financial planning implications for the new child tax credit? Andrew Busa, Manager of Financial Planning, had this to say: The American Rescue Plan made significant updates to the child tax credit for …Read More keyboard_arrow_right
This week’s reader question is about future tax hikes: What does the Biden tax plan mean for investors? Should I be making changes to my financial plan or portfolio at this point? Vice President of Wealth Services Patrick Carlson had this to say... The first thing to remember is that all the …Read More keyboard_arrow_right
On Thursday, April 22, markets abruptly sold off on news that President Biden was considering raising capital gains taxes on investors in the highest tax bracket. Was this knee-jerk response merited? Chief Investment Officer Jim Lowell looked at the potential impact of a capital gains tax hike in …Read More keyboard_arrow_right
Each of our 50 United States are wonderful in their own, unique ways, but some offer greater financial benefits to their residents than others. Whether you’re thinking about working remotely, moving closer to your kids or grandkids, or simply getting away from winter gloom, don’t forget that there are tax advantages to …Read More keyboard_arrow_right
Social Security's Role in Your Retirement
Tax season is upon us and while tax rates haven’t changed, the past 12 months have brought a flurry of legislation from Congress on how you may—or may not—be taxed. To put you in the right frame of mind to file your 2020 returns, we found five deductions and credits that could …Read More keyboard_arrow_right
The holiday season means the year is nearly over. With that in mind, we have five tax tips for you to consider before the calendar flips to 2021.
“Should I rent or should I buy?” Since buying a home is the largest purchase most people will ever make, this is a financial dilemma almost all of us have faced at least once in our lives. Buying is not for everyone—for some, renting may be a better or more affordable choice. …Read More keyboard_arrow_right
Many of us are searching for ways, even small ones, to help those on the front lines of the crisis. What you may not know is that the federal government—as part of the multi-trillion-dollar virus relief bill, the CARES Act—tweaked certain rules to encourage giving to COVID-19-related causes and non-profits impacted by …Read More keyboard_arrow_right
For many retirees, this may be the best news yet out of the current economic and market dislocations. Congress has passed a bill that says you don’t have to take required minimum distributions (RMDs) in 2020. In the $2-trillion CARES Act, Congress waived the RMDs that retirees typically must withdraw from their …Read More keyboard_arrow_right
Fidelity vs. Vanguard
Which is right for you?
On March 27, the federal government passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. It is intended to dull the economic blow that this virus has and will continue to dole out to families and the nation. Here are some relevant provisions of the CARES Act to know about, along …Read More keyboard_arrow_right
In the flurry of holiday merry-making, you may well have missed some important news for your retirement savings: Late last month, Congress passed the SECURE Act, which includes some significant new rules affecting how we all save and plan for retirement. Here are five of the biggest changes that may impact …Read More keyboard_arrow_right