Blog

Tax Tip Tuesday: Tax Tips for Parents

March 26th, 2019|

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

If you are a parent of young children, teenagers or other dependents, tax season can often be a frustrating exercise of trying to understand and effectively utilize key tax credits and deductions.  Additionally, the recent enactment of the Tax Cuts and Jobs Act (TCJA), which […]

Sneak Peak

March 25th, 2019|

By Pete Biebel, Senior Vice President

In my most recent commentary two weeks ago, I summarized the damage done to the market in the prior week.  Following an impressive ten-week rally off the Christmas Eve lows, it was the worst week yet this year. The averages were down on all five trading days that week.  So, […]

Tax Tip Tuesday: What Will You Do with Your Tax Refund? Direct Deposit It to Your IRA!

March 19th, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s 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 […]

The Power of Paying Yourself First and Taking Advantage of New Retirement Plan Contribution Limits

March 13th, 2019|

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

Anyone who’s ever managed their own finances knows that saving can be a challenge and requires both commitment and a strategy.  There often seems to be an endless stream of expenses demanding some piece of monthly income, but one of the most basic tenets of […]

Tax Tip Tuesday: SEP IRAs and Other Retirement Plan Reminders

March 12th, 2019|

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 2018 tax deductions, along with a way to jump start your retirement savings, the SEP IRA […]

I Got You a Frying Pan

March 11th, 2019|

By Pete Biebel, Senior Vice President

The Hallmark website lists tin and aluminum as the traditional categories for tenth anniversary gifts.  What would you give?  A whistle?  A hubcap?  A martini shaker?  A canoe??  You probably saw a few articles over the weekend proclaiming the tenth anniversary of the bull market.  March 9th, 2009 was the […]

Tax Tip Tuesday: There’s Still Time to Contribute to Your IRAs

March 5th, 2019|

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

It’s not too late! You can still make a contribution to your traditional or Roth IRA. Regardless of when you file your income tax return, April 15, 2019 is the deadline for the 2018 tax year for most people (see below for details). For […]

Where’s the Fire?

March 4th, 2019|

By Pete Biebel, Senior Vice President

So much fuel and so little flame.  So much news and so little volatility.  Through the fourth quarter of last year the market averages snapped back and forth like a flag in a thunderstorm.  Now that storm has passed, and the markets seem as limp and unmoving as a flag […]

Tax Tip Tuesday: Beware of the Dirty Dozen of Tax Scams

February 26th, 2019|

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

Each year the IRS announces its “Dirty Dozen” of tax scams.  These are the most common and most dangerous scams that affect taxpayers.  The top three, for the second year in a row, are:

Phishing: Phishing is when scammers send fake emails or website […]

Tax Tip Tuesday: Seven Questions to Ask Your Tax Preparer

February 19th, 2019|

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

Many people currently use or are considering hiring a tax professional to help with taxes.  There can be many great reasons to partner with a tax specialist:  perhaps you have a complicated tax situation, own your own business, had a major life event, or […]