IRS Rules Update for 2020
This year has been quite disruptive in many ways, including the IRS rules governing required distributions from retirement accounts. To remind you, important updates that became effective in 2020 include: Required minimum distributions from all plans were suspended (only for... Read More →
Could a Revocable Trust Be Beneficial?
A revocable trust can provide several benefits as a part of an estate plan. A revocable trust that you create as the grantor can be controlled during your lifetime with you as the trustee. You retain legal title to the... Read More →
Portfolio Management Software Changes
We will implement a new portfolio management software system in the coming months. We use this software to generate periodic client reports, and it assists us in managing your assets. This software is also the foundation for the consolidated portfolio... Read More →
Use Caution with The Cloud
Almost a decade ago, cloud technologies burst onto the scene and quickly became the go-to storage solution for many businesses. With this wide-scale, global adoption of cloud-based technologies, along with the rapid pace at which these technologies are evolving, cyber... Read More →
Preparing for the Unexpected
While many people plan for a retirement in which they live through the end of life in their homes, few people have a real grasp of the costs involved. In the Research Triangle Park area (RTP), 24/7 agency home care... Read More →
After Coronavirus, Long-lasting Impacts for Businesses and Homeowners
The coronavirus pandemic has caused many homeowners and businesses to adopt “clean-home” technologies. Disinfectant fans and germ-fighting UV light robots are in demand from high-end homeowners and businesses hoping to enter reopening phases. The University of Southern California developed the... Read More →
529 Plans: Refunds for University Expenses
In response to COVID-19 restrictions, some universities are issuing partial refunds for the semester. These refunds could be associated with expenses such as room & board, meal plans, and/or tuition. A complication exists if a withdrawal was made from a... Read More →
CARES Act Retirement Plan Considerations and Benefits
As part of the federal economic response to the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was put in place. Below are some provisions of the Act that may impact an individual’s retirement and tax... Read More →
New 2020 Tax Reference Guide
We have updated our Tax Reference Guide for the 2020 tax year. Highlights of new tax limits include: New Elective Deferral limits to 401(k), 403(b) & 457 plans Below age 50 – $19,500 Age 50 and over – $26,000 New... Read More →
Qualified Charitable Distributions from IRAs
Jay H. Krall, Attorney at Law Making Qualified Charitable Distributions (“QCDs”) from IRAs is a great way to reduce your taxes while achieving your charitable giving goals. Unlike traditional gifts of cash or stock to charities, QCDs don’t create a... Read More →