Year-End Financial To-Do

Year-End Financial To-Do: Holiday Hangover? – How You Can Recover from Too Much Holiday Debt

December 27th, 2018|

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

If the cheer from your holiday celebrations has dissipated and you are feeling the after effects of overspending, you’re not alone. Americans in general are spending more than ever.  According to a 2018 holiday shopping survey by Deloitte, the total holiday retail sales are expected […]

Year-End Financial To-Do: Your IRA Checklist – Check it Twice!

December 20th, 2018|

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

Have you been making your lists and checking them twice?  Here are some IRA “To-Dos” you may want to check off before this year is over.

Have You Made Your IRA Contributions? It’s not too late.

Anyone who is working and has earned income can […]

Year-End Financial To-Do: Should You Take or Defer Gains and Deductions?

December 18th, 2018|

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

The end of the year is a wonderful time to review your tax situation for opportunities to pay less taxes or pay taxes at a lower rate.  Review your portfolio, other investments and your projected income to see where you may fall in the […]

Year-End Financial To Do: QLACs-Longevity Insurance that Reduce RMDs

December 14th, 2018|

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Tax-deferred investments interest and investment earnings accumulate tax-free, until an investor takes constructive receipt of the profits.  Qualified retirement plans such as traditional Individual Retirement Accounts (IRAs) are tax-deferred, but investors should be aware they are not allowed to defer taxes forever.  Eventually, Uncle Sam is […]

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 […]