Personal Records Retention Policies
Good recordkeeping can make your life easier. While record retention policies are often geared towards businesses, your personal files should also be kept safe and well organized. When creating your retention policy, you should consider state and federal statutes of... Read More →
Power of Attorney Considerations
If you have not already done so, you may want to consider empowering someone to act on your behalf with regard to your assets. Also, you will want to consider the extent and conditions of the authority you may confer.... Read More →
Should You Take Advantage of North Carolina’s New Uniform Power of Attorney Act?
Jay H. Krall, Attorney at Law North Carolinians have a new Uniform Power of Attorney Act (“the new Act”) that became effective on January 1, 2018.[1] Powers that an agent appointed in a power of attorney (“POA”) can exercise under... Read More →
Effective Cash Management Strategies
After monthly expenses have been paid you may be left with excess cash in your checking account. Many individuals allow these funds to build up at the bank without a second thought. In this low-interest rate environment, rates offered by... Read More →
Historically Low Bond Yields
Market-linked income notes may offer a solution for investors to the low bond yields currently available. These notes are issued by financial institutions and pay a relatively high contingent yield based upon the performance of one or more underlying stock... Read More →
What Happens When You Work While Receiving Social Security?
Whether out of choice or necessity, it is becoming increasingly common for individuals to work past their full retirement age. Electing to receive Social Security payments while working can reduce the benefits you receive: to what degree, depends on your... Read More →
What’s Behind the 4th Quarter Sell-Off
The intersection of several disruptive market forces, many of which have been looming on the horizon for some time, led to the recent sharp and widespread decline in global markets. We feel like this period of heightened volatility is here... Read More →
Where Do We Go From Here?
Global growth is expected to slow in 2019 with many believing that any recession will likely be pushed into 2020. Expect some rebounding in European and Asian growth, regions that underperformed the US market last year. There are several fiscal... Read More →
Tax Efficient Methods of Making Charitable Gifts
Who This Applies To: Traditional IRA owners who are at least 70 1/2 Benefits to you: Making your charitable gifts directly from your IRA can result in three possible benefits Reduction in taxable income A decrease in the taxable portion... Read More →
New Tax Law Changes the Math for Roth Contributions
Who this applies to: Those individuals that make supplemental contributions to 403(b) and 457 retirement plans Benefits to you: Designating contributions as Roth can potentially lower taxes in three ways Paying taxes now at a lower rate than might be... Read More →