Blog

Tax Tip Tuesday: Higher Income Means More Taxes and Likely Less Deductions

April 9th, 2019|

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

As we have discussed throughout this year’s blog series, the new tax laws have lowered income tax rates generally.  However, Uncle Sam still plans to take a little extra from higher income earners.  While many tax thresholds are indexed for inflation, like the AMT […]

Feeling More Pullish

April 8th, 2019|

By Pete Biebel, Senior Vice President

Stocks easily continued higher last week with both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) gaining about 2% for the week.  The NASDAQ Composite Index (COMP) was up nearly 3%.  The averages all gapped higher on Monday morning and never looked back.  They also gapped […]

Tax Tip Tuesday: Is My Social Security Taxable?

April 2nd, 2019|

By Theresa Fry, Senior Vice President and Manager, IRA’s 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.  Most people must pay income taxes on a portion of their Social Security income.  The higher […]

Quality Quarter Quietly Concludes

April 1st, 2019|

By Pete Biebel, Senior Vice President

Last week brought a fairly quiet ending to a relatively raucous quarter.  Despite a bearish conclusion in the prior week, the major averages all racked up gains of about 1% to 1 ½% last week.  It was a fine ending to a fantastic quarter.  Year-to-date, the Dow Jones Industrial Average […]

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 […]