Financial advisors and CPAs often bat around terms such as "workaround Roth IRA" or "Backdoor Roth IRA" referring to a controversial technique wondering "is this even legal?"
Special Offer for Virginia's Invest529
It’s the end of May and since Section 529 of Title 26 of the US Tax Code allows for “qualified tuition programs” the commonwealth of Virginia’s 529 program likes to celebrate and advertise their college savings plans. This year’s benefit: essentially a one-time match! If you open a new account before the end of May(!); set up a recurring debit which has at least 1 contribution and have $50 in the account prior to the end of August, Virginia 529 will make a $50 contribution in your account.
Market Update - Volatility Has Returned
The equity market environment has undoubtedly changed. Prior to the volatility the markets have experienced starting Friday, February the 2nd, we were setting records for the length of a bull market with low volatility. We were seeing the one of the best starts to the year for stocks until something changed, so what was it?
5 key Facts About the New Tax Bill
The new tax bill has 5 key changes that taxpayers can expect as a result of this new bill, including:
Changes to the personal tax code
Impacts on business owners and the introduction of the pass-through deduction
The ability to utilize a 529 Plan to pay for private elementary and secondary education
The doubling of the estate tax exemption
Read on to learn more.
Market Expectations - 3rd Quarter 2017
Equifax Breach Considerations
3rd Quarter Market Commentary
Social Security Changes are Coming – Over 66 Act Now!
Every financial advisor worth his or her salt knows the sublime benefits of the well-known and easily-confusing social security strategy called “File-and-suspend.” The strategy was for the higher wage earner to file for benefits but elect to suspend receiving them and so earn deferred retirement credits.
