Blog

Tax Freedom Day

April 19th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

You may still be recovering from paying your income taxes, but did you know that you can now celebrate “Tax Freedom Day®” according to the nonpartisan Tax Foundation.  Today, American taxpayers will have earned enough as a whole to pay off their federal, state, […]

Tax Tip Tuesday: Second Verse, Not The Same As The First

April 17th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

Today is the last day of tax season.  You may be happy that a refund is coming, or you may be steamed at the amount of taxes you had to pay.  Regardless, the experience you had for the 2017 tax season likely will be […]

Overnight Flights

April 16th, 2018|

By Pete Biebel, Senior Vice President

Stocks see-sawed higher last week with the major averages gaining between 1 ½% and 3%.  As the prior week ended, there were concerns about the averages dropping below their 200-day moving averages.  Not to worry.  From last Monday’s big gap-up opening the broad indices were in the green all week.

It […]

Tax Tip Tuesday: Higher Income Means More Taxes

April 10th, 2018|

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

While the new tax laws for 2018 have lowered income tax rates generally, there’s still some bites of the apple that Uncle Sam plans to take from higher income earners. While many tax thresholds are indexed for inflation, like the AMT tax exemption, taxes […]

National Retirement Planning Week

April 9th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

Today marks the beginning of National Retirement Planning Week®. If you have never taken the time to calculate how much you will need to save for retirement, you are not alone.

A recent Nationwide study reports that each year the average American worker spends over […]

Above Average Concern

April 9th, 2018|

By Pete Biebel, Senior Vice President

Despite sustaining losses of about 2 percent or greater on both Monday and Friday, the popular indices ended the week with just minor net losses.  Back-to-back-to-back gains midweek lifted both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) into positive territory and to near their highs […]

Tax Tip Tuesday: Is My Social Security Taxable?

April 3rd, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

At one time, all Social Security benefits were tax free. Today, if your only source of retirement income is Social Security, then it may still be tax free. But the higher your income, the more taxes you’ll pay on your benefits.

Taxes on Social Security […]

Tax Tip Tuesday: Tax Tips for Parents

March 27th, 2018|

By Edward “Ed” V. O’Neal, Vice President and Manager, Retirement Plans

Being a parent can be both exhilarating, and chaotic and the financial implications can be complicated, particularly at tax time. However, parents can check out these tips to help lower tax bills and/or lead to a larger refund:

There are a number of tax credits […]

More to Come

March 26th, 2018|

By Pete Biebel, Senior Vice President

In recent weeks the potential for a retest of the February lows had not been appreciably diminished by the rebound rally.  In each of the previous two weeks I warned that breaking below 2730 on the S&P 500 Index (SPX) would be a bad omen.  I reminded that air-pocket declines […]

Tax Tip Tuesday: Yes, You Can Direct Deposit Your Tax Refund into Your IRA!

March 20th, 2018|

By Theresa Fry, Senior Vice President and Manager, IRA’s and Retirement Planning

If you haven’t yet filed your tax return and are expecting a refund this year, there is an easy way to turn that refund into retirement savings without being tempted to spend it. Did you know you can direct deposit your tax refund into […]