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Category: Year-End Financial To-Do

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

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.

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Year-End Financial To-Do: Managing Mutual Fund Capital Gain Distributions

Nov 14, 2019

By Theresa Fry, Senior Vice President and Manager, IRAs, Retirement and Education Planning, Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies and Bruce Buerkle, CFA, Senior Vice President, Manager Securities Research Support

If you are like most investors, you likely own some mutual funds.  They are common in IRAs, 401(k)s, taxable accounts, etc.  However, when you own mutual funds in a taxable account,

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Year-End Financial To-Do: RMDs and QCDs

Nov 12, 2019

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

As we get older, it seems like the days pass more quickly and that somehow time moves faster.  Science would say that isn’t true, but if you are like me, you might be realizing that there are just 49 days to take care of everything you wanted to get done before the end of the year. 

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Year-End Financial To-Do: Holiday Hangover? – How You Can Recover from Too Much Holiday Debt

Dec 27, 2018

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

If the cheer from your holiday celebrations has dissipated and you are feeling the after effects of overspending, you’re not alone. Americans in general are spending more than ever.  According to a 2018 holiday shopping survey by Deloitte, the total holiday retail sales are expected to exceed $1.1 trillion in 2018 which would be up more than 5% from 2017.

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Year-End Financial To-Do: Your IRA Checklist – Check it Twice!

Dec 20, 2018

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

Have you been making your lists and checking them twice?  Here are some IRA “To-Dos” you may want to check off before this year is over.

  • Have You Made Your IRA Contributions? It’s not too late.

Anyone who is working and has earned income can set aside money for retirement through IRAs. 

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

Dec 18, 2018

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 fall in the new tax regime.  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.

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Year-End Financial To Do: QLACs-Longevity Insurance that Reduce RMDs

Dec 14, 2018

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

Tax-deferred investments interest and investment earnings accumulate tax-free, until an investor takes constructive receipt of the profits.  Qualified retirement plans such as traditional Individual Retirement Accounts (IRAs) are tax-deferred, but investors should be aware they are not allowed to defer taxes forever.  Eventually, Uncle Sam is going to want his share and will require taxable distributions to come out of these accounts.

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Year-End Financial To-Do: Make a 529 Plan Contribution

Dec 13, 2018

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

What is on your shopping list this year? How many of your children or grandchildren need more toys or gadgets? Looking for a new idea that will not only save you time and give you peace of mind, but will be the best Christmas present your little loved ones will receive? Give the gift of education! If you haven’t started a 529 plan or funded your loved one’s 529 plan for the year that could be the most valuable gift for this holiday season.

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Year-End Financial To-Do: Update Your Plan

Dec 6, 2018

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

Many folks find the year’s end is a time of reflection.  While maybe not top of mind, consider using this tendency as motivation to review your estate plan.  While it’s estimated that more than 50% of adult Americans don’t have an estate plan, [1] even those that have a plan can’t rest on their laurels.

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

Dec 4, 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 impacted by Hurricane Michael, located in certain counties of Florida and Georgia will have them extended until February 28,

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