For Our Clients

Educational Resources

Category: Year-End Financial To-Do

12 posts categorized as "Year-End Financial To-Do"

Year-End Financial To-Do: Create a Plan for the Future

Dec 31, 2019

By Debbie Placke, Vice President, Manager Financial Planning Tools and Marketing

Bring on the New Year! As you celebrate the end of 2019 and bring on the holiday cheer for 2020 hopefully you feel good in knowing that you have a financial plan for the future. If you don’t have a plan in place, the start of a new year is a great time to start thinking about working with your Benjamin F.

Read More

Year-End Financial To-Do: Only a Few Days Remain for Certain IRA and Retirement Account Deadlines

Dec 19, 2019

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

Some people enjoy the thrill of waiting to the last minute and like the rush of adrenaline when they work under the pressure of a deadline.  If that’s you, then you’ll be happy to hear you have eight business days left in 2019!  If you are more of a planner and list maker like me,

Read More

Year-End Financial To-Do: Review Your Estate Plan

Dec 17, 2019

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

This time of year many people are making a list and checking it twice.  While you’re at it, why don’t you check the status of your estate plan to make sure everything is in order.

The first step is to make sure you’ve even got a plan!  It’s estimated that more than 50% of adult Americans don’t have an estate plan.

Read More

Year-End Financial To-Do: 529 Plans and Education Expenses

Dec 12, 2019

By Debbie Placke, Vice President, Manager Financial Planning Tools and Marketing

As the year comes to an end, there are so many things to think about. The holidays, guests, gifts and celebrations are probably all front in your mind. Don’t let all of these things distract you from keeping your finances in check. If you have a child who is attending a private school or university adding extra expenses to your budget,

Read More

Year-End Financial To-Do: Should You Take or Defer Gains and Deductions?

Dec 10, 2019

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

The end of the year is a wonderful time to review your tax situation for opportunities to pay less taxes or pay taxes at a lower rate.  Review your portfolio, other investments and your projected income to see where you may find yourself on the tax bracket spectrum.  If you can, work with your tax advisor to see whether you should take or defer certain gains or deductions in this year or the next.

Read More

Year-End Financial To-Do: Time to Review and Rebalance Your Portfolio

Dec 5, 2019

By Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

The popular averages rebounded strongly this year from the significant pullbacks that occurred during December 2018. This contributed in part to the markets posting negative returns last year. Multiple closing high records have been achieved during 2019 by the DJIA, S&P 500 and NASDAQ Composite. A few of the variables that may have impacted your investments this year are highlighted here.

Read More

Year-End Financial To-Do: Making Annual Gifts

Dec 3, 2019

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

At year end, many enjoy giving gifts to loved ones. For those that may face a potential federal or state estate tax, making annual gifts may help save on those taxes in the long run. Under federal law, every person can gift up to $15,000 per person per year. Married couples can combine their gift giving ability and make up to $30,000 in gifts. 

Read More

Year-End Financial To-Do: Considering the Tax Loss Harvesting Strategy

Nov 26, 2019

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

2019 has been another strong year for many equity markets.  So, while many investment portfolios likely have positions with unrealized gains – a well-diversified portfolio will probably also have some positions that over time have lost value – and therefore have unrealized losses.  No one likes to lose money, however an approach to consider which may benefit your long-term investment strategy is to sell some of your positions that are at a loss and use those losses to offset gains in other securities. 

Read More

Year-End Financial To-Do: Holidays Are a Great Time to Address “LTC Denial”

Nov 21, 2019

By Dan Schulte, Vice President and Manager, Annuities and Insurance

Americans will travel near and far during the coming weeks to gather with family and friends for the holidays.  Many families will have someone close to them- possibly a parent- who needs help with activities of daily living for an extended period (long-term care).  Even with this reality, most families do not address their own likely future need for long-term care. 

Read More

Year-End Financial To-Do: Strategies for Improving Employee Participation in Employer Sponsored Retirement Plans

Nov 19, 2019

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

It has become increasingly clear that there is a growing retirement savings gap in the U.S., with most workers not saving enough for retirement.  Additionally, plan sponsors are beginning to understand the economic impact to their businesses, through potentially increased health care and disability claims, with employees who cannot retire due to lack of financial preparedness or adequate retirement savings.

Read More