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Educational Resources

Tax Tip Tuesday: Beware of the Dirty Dozen of Tax Scams

Apr 6, 2021

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

Tax scams continue to rise, including new Covid-19 related scams. 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 continue to be:

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

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Three Things to Know & Watch

Apr 5, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • The S&P 500 was up 76% in the year following the pandemic low of March 23, 2020. The second year following post WWII 30% declines (bear markets) stocks were up every time with an average gain of 17%. (Source: CNBC)
  • The Alerian MLP index was up 103.1% for the one-year period ended April 1, 2021. Despite that extraordinary 12-month performance,

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Tax Tip Tuesday: Higher Income Continues to Mean More Taxes

Mar 30, 2021

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

The vast majority of tax rules haven’t changed, which is generally a good thing given rates are historically low. However, just because the tax rules haven’t changed that doesn’t mean you may not be impacted by higher taxes. Below are two areas that might require your attention.

Affordable Care Act Taxes.  The 0.9% Medicare Health Insurance Surtax and the 3.8% Net Investment Income taxes that went into effect in 2013 are not indexed for inflation.

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Three Things to Know & Watch

Mar 29, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • The Federal Housing Administration (FHA) which insures nearly 8 million high-risk mortgages, reported that the delinquency rate of its mortgages rose to 17.5% in February, up from 17.0% in January, matching the all-time records of September and November last year. The delinquency rate exceeded 20% in 30 of the 169 largest Metropolitan Statistical Areas, topping out in the metro of Nassau County-Suffolk Country,

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Sticking the Landing

Mar 29, 2021

By Pete Biebel, Senior Vice President

The major averages went through a lot of gymnastics on their way through last week, a week that ended with two winning indices balancing a couple losers. Prices alternately leapt higher with the flexibility of an acrobat and then tumbled lower with the grace of a rock. A couple midweek stumbles dropped the averages to what would be their lows of the week by Thursday morning.

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Tax Tip Tuesday: It’s Not Too Late to Make Your IRA Contributions

Mar 23, 2021

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

It’s not too late! You can still make a contribution to your traditional or Roth IRA. Individuals get a little extra time this year, too. The IRS recently announced an extension for individual taxpayers to file 2020 federal income tax returns and make federal tax payments to May 17, 2021. This is now the deadline for making 2020 IRA contributions for most people (see below for details).

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Three Things to Know & Watch

Mar 22, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Know

  • At the end of January, there were 1.04 million homes for sale. That is down 26% from a year earlier and the lowest on record going back to 1982, according to the National Association of Realtors. (Source: The Wall Street Journal)
  • The Turkish Lira was quoted as much as 16% lower in early Monday trading in Asia following President Recep Tayyip Erdogan’s decision to replace the country’s central bank chief.

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Tax Tip Tuesday: SEP IRAs and Some New Retirement Plan Reminders

Mar 16, 2021

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

Now that we’re deep into the “dog days” of tax season, this is a time when many business owners are intently seeking ways to limit their tax burden and/or searching for opportunities to increase retirement savings. Employer-sponsored retirement plans represent a great way to accomplish both of those goals simultaneously. Additionally, the Setting Every Community Up for Retirement Enhancement (SECURE) Act,

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Investment Insights Monthly – March 2021

Mar 15, 2021

By Bill Hornbarger, Chief Investment Officer

 

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Pump it Up

Mar 15, 2021

By Pete Biebel, Senior Vice President

For months, the stock market has been expecting and pricing in the prospects for a steep economic rebound driven by effective COVID vaccines and the promise of a fat stimulus package. Those expectations have also factored into an outlook for higher inflation, and along with it, higher interest rates, which in turn has fueled the recent outperformance in value stocks at the expense of growth stocks.

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