theresa

Year-End Financial To-Do: Tax Relief is Available for Victims of Recent Disasters

December 4th, 2018|

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

Hurricanes Florence and Michael have had a significant and devastating impact on many U.S. taxpayers.  Individuals and businesses impacted by Hurricane Florence, located in certain counties of North Carolina, South Carolina, and Virginia, will have various tax deadlines postponed until January 31, 2019.  Those […]

Year-End Financial To-Do: Take Your RMDs; Consider QCDs

November 13th, 2018|

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

It might be hard to believe, but the end of 2018 is nearly here.  As you plan out your holiday and year-end activities, don’t forget to add your financial “To-Dos” to your list.  This year, the most sweeping tax reform in decades became effective […]

Scary Financial Mistakes: IRA Rollover Blunders

October 24th, 2018|

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

Nothing can be scarier than receiving an IRS notice in the mail, especially if the letter suggests that you owe additional taxes, interest, or penalties.  When a botched IRA rollover is the cause, that mistake can lead to bigger problems with the loss of […]

Scary Financial Mistakes: Carrying Too Much Debt

October 3rd, 2018|

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

Everybody makes mistakes.  They are part of life.  They are how we learn and grow. Some mistakes have more of an impact on us and our psyche than others.  Whether your mistakes were happy accidents and the outcome was good or perhaps the opposite, […]

For College Bound Students, the Time to File the FAFSA is Now!

October 1st, 2018|

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

Although the 2018-2019 school year has just begun for most students, it’s already time to file the Free Application for Federal Student Aid (or FAFSA) for the 2019-2020 academic year.  If you have a student in college or in their final year of high […]

Gifting Strategies for Grandparents

September 13th, 2018|

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

Nothing compares to the joy of becoming a grandparent and seeing your children have children.  Sunday was National Grandparents Day, a day to honor and celebrate the special family relationship between a grandparent and grandchild.

Grandparents often have a desire to help their grandchildren financially.  […]

Avoid Tax Surprises This Year: No More Deduction for Investment Advisory Fees

September 7th, 2018|

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

(Part 4 of a 4-part series)

Some surprises are good, but when it comes to taxes it is better to know what you can expect.  In general, the new tax laws that take effect in 2018 will reduce taxes paid by many individuals because of […]

Avoid Tax Surprises This Year: Make Sure You Check Your Withholding

September 4th, 2018|

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

(Part 1 of a 4-part series)

Labor Day marks the end of summer for many people but its origin lies in honoring the contributions that workers have made to the strength, prosperity, laws and well-being of the country. Taxes are part of the everyday reality […]

Retirement Income: Taking Social Security Early

August 8th, 2018|

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

The Social Security Administration reports that approximately half of Social Security recipients collect Social Security at the earliest possible age of 62 and almost three-quarters of current beneficiaries are receiving reduced benefits because they filed for Social Security early.  Early beneficiaries are individuals that […]

Retirement Income: How Confident Are You?

August 2nd, 2018|

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

Time does funny things.  One minute we’re excited at a new job and our prospects for the future. We’re eager to move into the world, assert our independence and enjoy the fun that financial freedom seems to offer. Then, in what seems to be […]