Year-End Financial To-Do

Year-End Financial To-Do: It’s Tax Loss Harvesting Time

December 7th, 2016|

By Kortney Christensen, CFP®, Executive Vice President, Director of Sales and Marketing

In 2016, we have had strong equity performance which may have generated some taxable capital gains. Before year end, check to see if you have other positions with unrealized losses to help offset some of your gains. Tax loss harvesting is a method of […]

Year-End Financial To-Do: Making Annual Gifts

December 6th, 2016|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

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 […]

Year-End Financial To-Do: Retirement Plan Tips for Employers and Individuals

December 5th, 2016|

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

With the holiday season here, many of us are shopping for our loved ones or planning a festive party with friends—but this time of the year is also a great opportunity for both retirement plan sponsors and individuals with retirement accounts to finish 2016 strong…while […]

Year-End Financial To-Do: Determine Whether to Take or Defer Gains and Deductions

December 15th, 2015|

By Kortney Christensen, CFP®, Senior Vice President, Director of Sales and Marketing

Year-end is a great time to review your tax situation for opportunities to pay less in taxes or pay taxes at a lower rate. Review your portfolio and other financial matters along with your projected income and tax rates with your tax advisor to […]

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

December 10th, 2015|

By Debbie Placke, Associate Vice President, Supervisor Planning and Research

Looking for a holiday gift for your loved one? A college education is becoming more important than ever, and could be the perfect gift for your child or grandchild. Consider starting a 529 plan for your loved one before year-end.

A 529 plan is operated by a […]

Year-End Financial To-Do: Spend Your Flexible Spending Account

December 9th, 2015|

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

A healthcare flexible spending account (FSA) allows you to set aside pre-tax money for unreimbursed medical, dental and other qualified medical expenses. If these pre-tax savings are not used during the calendar-year, your employer cannot refund any part of the balance to you. However, employers […]

Year-End Financial To-Do: Review Your Insurance Policies

December 8th, 2015|

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

As you get older and life changes, your insurance needs can change as well. Do you remember when you purchased your life insurance policy? Has your annual earned income changed since then? Are your dependents the same? Do you have disability income insurance through work? What about a long-term care […]

Year-End Financial To-Do: Making Annual Gifts to Individuals

December 7th, 2015|

By Jeffrey R. Wolfe, Vice President and Manager, Estate Planning Strategies and Affluent Client Services

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 […]

Year-End Financial To-Do: Use Market Volatility to Your Advantage by Harvesting Losses

December 3rd, 2015|

By Kortney Christensen, CFP®, Senior Vice President, Director of Sales and Marketing

This year was a volatile market which may have left parts of your portfolio with unrealized losses. For taxable accounts, consider selling some of those depressed positions to create a tax loss. Tax loss harvesting is a method of reducing your taxes by selling […]

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

December 2nd, 2015|

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

With the considerable market swings that have occurred during 2015, a year-end review of your portfolio is even more essential to make sure you are on track to meet your long-term investment objectives. There are a number of key points to take into consideration and […]