Year-End Financial To-Do

Year-End Financial To-Do: Consider a Roth Conversion or Recharacterization

December 1st, 2015|

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

You might want to consider converting all or a portion of your traditional IRA to a Roth IRA before the end of the year if you expect your tax bracket to increase in future years. The amount converted to a Roth IRA will be subject […]

Year-End Financial To-Do: Contribute the Max to Your Retirement Savings Plan

November 24th, 2015|

By Ed O’Neal, Vice President and Manager, Retirement Plans

Saving any amount toward your retirement is a good idea. And with the many retirement strategies often discussed—including the importance of asset allocation/diversification, managing spending, and delaying social security benefits—perhaps the most simple strategy in planning for a more secure retirement might be to increase or maximize […]

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

November 23rd, 2015|

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

If you’re over age 70½ or 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 to you […]

Year-End Financial To-Do: Consider Donating to a Charity

November 19th, 2015|

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

The holidays are a time for giving and receiving, and one way you can help make someone’s holiday a little brighter is by making a charitable gift. It also helps to consider charitable giving this time of year as you review […]

Year-End Financial To-Do: Take a Look at Beneficiaries

November 17th, 2015|

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

If it has been a while since you last reviewed your beneficiary designations or you simply cannot remember who you named, now may be a good time to sit down and review what you have in place. For certain assets such as IRAs, 401(k)s, annuities […]