Blog

Tax Tip Tuesday: Is My Social Security Taxable?

April 4th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs 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 […]

Sad Numbers for the Bears

April 3rd, 2017|

By Pete Biebel, Vice President

Last week the market played a familiar old refrain. First the market tempted any remaining shy but gullible sideline bears to pile into new short positions with its Tuesday washout in the previous week. Then the market conspired to further increase their confidence when all the recovery attempts later that week […]

Tax Tip Tuesday: Tax Tips for Parents

March 28th, 2017|

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:

1. There are a number of tax credits […]

Message in a Bobble

March 27th, 2017|

By Pete Biebel, Vice President

The market dropped the ball last week. It had been kind of sort of juggling the thing all month, trying to carry its winter romp into the spring. Most market averages hit their highs on March 1, the day after President Trump’s address to Congress. At some point during that celebratory […]

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

March 21st, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs 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 […]

Which Witch Glitch Watch

March 20th, 2017|

By Pete Biebel, Vice President

After an unseasonably mild month of February, winter returned to the Midwest and Northeast last week. The Washington Post reported late last week that nearly half of the Capitol City’s cherry blossoms died as a result of the sudden reversal in temperature. Coincidental to the severe change in weather were some […]

Tax Tip Tuesday: SEP IRAs and Other Retirement Plan Reminders

March 14th, 2017|

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

It’s that time of year where the attention of many business owners quickly turns to tax season and ways to reduce taxes—while increasing savings.

For small business owners looking for 2016 tax deductions, along with a way to jump start your retirement savings, the SEP IRA […]

Spring Break

March 13th, 2017|

By Pete Biebel, Vice President

Last week, like legions of spring breakers, the stock market decided it was time to head south. All the major averages had slogged northward through the winter months. They reached, what to date, stands as their highs on Wednesday March 1 on the blowout, short-squeeze rally day that followed President Trump’s […]

Tax Tip Tuesday: Extra Time to Contribute To Your IRA

March 7th, 2017|

By Theresa Fry, Senior Vice President and Manager, IRAs and Retirement Planning

It’s not too late. You can still make a contribution for 2016 to your Roth, traditional, or SEP IRA (if you are self-employed). This year there is a little extra time for everyone. All individuals have until Tuesday, April 18, 2017 to file their […]

Please Don’t Squeeze the Shaman

March 6th, 2017|

By Pete Biebel, Vice President

Where we individual investors, the relatively inactive majority, fill most of the pews in the house of worship that is the market, proprietary traders, high-frequency traders and institutional money managers are the high priests. Their day-to-day activity dwarfs that of individual investors. It is their reaction to economic reports, earnings announcements […]