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Tag: Jeffrey

96 posts tagged as "Jeffrey"

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.

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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.

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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. 

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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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Scary Financial Mistakes: Dying Intestate

Oct 30, 2019

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

As we come to the climax of the Scary Financial Mistakes series, you know how it’s going to end.  The young victim just escaped the monster, made it to the car, turns the key and . . . nothing.  Car won’t start, monster gets them, and moves on to the next co-ed.  Now, what if you found out that the reason the car didn’t start was because they didn’t do something completely preventable,

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Politics and the Estate Tax

Oct 24, 2019

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

Regardless of which study you choose to follow; the estate tax has generated a tiny amount of revenue for the federal government since World War II.  Just after the war the tax generated its highest percentage of revenue, almost 2.6%, but since then it has swayed between 1-2% of total government revenue, typically near the 1% mark. 

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With Historically Low Interest Rates, Some Planning Ideas May Soar

Oct 22, 2019

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

Interest rates have become a hot topic these days.  Many people complain there aren’t any bonds paying a good enough rate.  Meanwhile, President Trump complains that the Fed’s interest rates are too high.  Credit card rates, home mortgage rates, you name it, and interest rates are everywhere.

While not often top of mind, there are also interest rate issues in the estate planning world. 

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estate planning text on notepad

National Estate Planning Week is October 21-27th

Oct 21, 2019

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

National Estate Planning Awareness week has come around again.  This is a week founded by the National Association of Estate Planners and Councils.  The goal of the week is to remind everyone of the importance of having a comprehensive estate plan.  Whether we like it or not, we all need to plan for our incapacity and our own demise. 

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Happy Grandparent’s Day

Sep 6, 2019

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

So Sunday, September 8 is Grandparent’s day, a day recognized by a proclamation by President Carter in 1978, “To honor grandparents, to give grandparents an opportunity to show love for their children’s children, and to help children become aware of strength, information, and guidance older people can offer”.[1]  For 2019, according to https://grandparentsday.org/,

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Summer Savings Strategies: Minimize Your Tax Bill

Jun 5, 2019

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

There are lots of components to investment decisions:  stock vs. bond, growth vs. value, industry trends . . . the list goes on and on.  While taxes should not be a driving factor in investment decisions, making sure you are tax efficient in your planning should certainly be a significant consideration.  When you can keep investment-related taxes to a minimum,

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