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Educational Resources

Tax Tips Tuesdays: Beware of the Dirty Dozen of Tax Scams

Feb 25, 2020

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

The IRS continues to monitor their “Dirty Dozen” of tax scams.  These are the most common and most dangerous scams that affect taxpayers.  The top three, for the third year in a row, are:

  • Phishing: Phishing is when scammers send fake emails or website links to try and trick a taxpayer into sharing private information. 

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Resist the Need to Act

Feb 24, 2020

By Joanne M. Welker, CFA, Senior Vice President and Manager, Advisory Services

The equity market is down big today based on concerns of the coronavirus and its impact on supply of goods. Amazon is worried about Prime Day – i.e. Grappling with coronavirus outbreak, they are already taking steps to avoid supply-chain disruptions in China. While it can be seen how this would cause a reaction in the market,

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You’ve Got My Attention

Feb 24, 2020

By Pete Biebel, Senior Vice President

Market activity over the past few weeks has been dominated by reactions to developments in the spread of the coronavirus.  It’s reminiscent of how the market responded late last year to the yin and yang of news on progress in the trade talks with China.  Even the flimsiest hint of good news could launch the averages higher.  When the occasional splash of bad news hit,

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Tax Tip Tuesdays: Eight Questions to Ask Your Tax Professional

Feb 18, 2020

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

Many people use or are considering hiring a tax professional to help prepare 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 just would like an expert to help you navigate our complex tax code.  Ultimately, a tax professional can help ensure you’re filing an accurate and timely return while minimizing taxes. 

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Some IRA Distributions Require Self-Reporting on Your Tax Return

Feb 12, 2020

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

With tax season in full swing, it’s that time of year when your daily trip to the mailbox likely includes tax form after tax form.  If you have taken distributions from an IRA, one of those forms will be Form 1099-R.   Receiving a 1099-R for your IRA doesn’t necessarily mean your distribution will result in a tax liability. 

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Tax Tip Tuesdays: Filing Early, Are There Benefits?

Feb 11, 2020

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

As the tax deadline approaches, you may be trying to determine the best time to file your taxes.  Should I focus my attention on it now or relax and wait until it gets closer to April 15th? It probably comes as no surprise to you that there is no simple answer to this common tax season quandary. 

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All Better

Feb 10, 2020

By Pete Biebel, Senior Vice President

In last week’s article, “I’m Not as Sick as I Look,” I suggested that the damage in the market in the previous week was perhaps not quite as bad as that weekend’s headlines made it sound.  Markets in the U.S. had succumbed to a nauseating plunge on the previous Friday.  Financial markets around the world were suffering the effects of concern over the spreading coronavirus. 

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Tax Tip Tuesdays: Tax Season is Here Again

Feb 4, 2020

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

Like they say, there’s two things for sure in life, and one of those ramps up this time of year. That’s right, its tax season once again. Most tax laws have remained constant (a rarity in the last few years), but there are some changes in effect as well. In an effort to help you prepare for this year’s tax season we will once again publish our “Tax Tip Tuesdays” blog series over the next 11 weeks.

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I’m Not as Sick as I Look

Feb 3, 2020

By Pete Biebel, Senior Vice President

The stock market was in the peak of health through the first three weeks of the year.  In fact, it had chalked up a 15+% gain from early-October to its high just after mid-January.  But it was beginning to look a little green in the gills the following week when news of the widening coronavirus outbreak infected the averages.  Its condition worsened considerably last week,

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The Market Gets the Sniffles

Jan 27, 2020

By Pete Biebel, Senior Vice President

The stock market was in the peak of health for the past several months. Since coming off its early-October low in the mid-2800s, the S&P 500 Index (SPX) made a new high later that month and continued its merry jaunt into the low-3300s by mid-January. The result was a fairly spectacular gain to date of about 16% in just three months. Unfortunately,

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