Year-End Financial To-Do

Year-End Financial To-Do: Make a 529 Plan Contribution

December 13th, 2018|

By Debbie Placke, Vice President, Manager, Financial Planning Tools and Marketing

What is on your shopping list this year? How many of your children or grandchildren need more toys or gadgets? Looking for a new idea that will not only save you time and give you peace of mind, but will be the best Christmas present […]

Year-End Financial To-Do: Update Your Plan

December 6th, 2018|

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

Many folks find the year’s end is a time of reflection.  While maybe not top of mind, consider using this tendency as motivation to review your estate plan.  While it’s estimated that more than 50% of adult Americans don’t have an estate plan, […]

Year-End Financial To-Do: Tax Relief is Available for Victims of Recent Disasters

December 4th, 2018|

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

Hurricanes Florence and Michael have had a significant and devastating impact on many U.S. taxpayers.  Individuals and businesses impacted by Hurricane Florence, located in certain counties of North Carolina, South Carolina, and Virginia, will have various tax deadlines postponed until January 31, 2019.  Those […]

Year-End Financial To-Do: Time to Review and Rebalance Your Portfolio

November 29th, 2018|

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

The popular averages have pulled back substantially from the all-time records reached in August and September 2018. Jobs growth remains favorable as the October 2018 U.S. Unemployment Rate was constant at 3.7%, non-farm payrolls grew at a much faster clip than expected and unfilled positions […]

Year-End Financial To-Do: Evaluate the Tax Loss Harvesting Strategy

November 27th, 2018|

By Chris Whiting, CFP®, Executive Vice President, Director of Sales and Marketing

With the market’s volatility during 2018, you may have some positions that are currently valued below what you paid – currently an “unrealized loss.” A good practice to evaluate before year end is to check to see if you have positions with unrealized losses […]

Year-End Financial To-Do: Making Annual Gifts

November 20th, 2018|

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

At year end, many enjoy giving gifts to loved ones. For those that may face a potential federal or state estate tax, making annual gifts may help save on those taxes in the long run. Under federal law, every person can gift up to […]

Year-End Financial To-Do: Employers Should Gauge the Retirement Readiness of Retirement Plan Participants

November 15th, 2018|

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

I recently reviewed an overview from an interesting panel discussion at the 2018 PLANSPONSOR National Conference held earlier this year in Washington, D.C.  The panel featured senior executives from some of the top retirement providers in the financial industry; including MassMutual, American Funds and John […]

Year-End Financial To-Do: Take Your RMDs; Consider QCDs

November 13th, 2018|

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

It might be hard to believe, but the end of 2018 is nearly here.  As you plan out your holiday and year-end activities, don’t forget to add your financial “To-Dos” to your list.  This year, the most sweeping tax reform in decades became effective […]

Year-End Financial To-Do: IRA Checklist

December 21st, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

The final few weeks of the year can be a busy time filled with shopping, parties, and family time.  As you sit down together and make your to-do lists, don’t forget to check on your retirement savings accounts.  Here are some IRA to-dos before […]

Year-End Financial To-Do: Take Your Required Minimum Distribution

December 20th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRA and Retirement Plans

If you’re over age 70½ or you are the beneficiary of an inherited IRA or retirement plan, don’t forget to take your required minimum distribution (RMD) before the end of the year. For convenience, you may be able to have your RMD automatically distributed […]