By: Eric Matsko, CFP® 2018—the first year of the newly administered tax code. While some of us were pleasantly surprised this past April, others of us not so much. A common reaction from our clients occurred with the use of the standard deduction for the first time (or at least the first time in a […]
By: Matthew D. Kelly, CFP® When most people think of a Health Savings Account (“HSA”), they see a tax-efficient way to pay for medical expenses. During their company’s annual enrollment window, they elect to contribute enough into the plan to cover the upcoming year’s out-of-pocket healthcare expenses. By contributing into the account, they reduce their […]
By: Michael A. Montileone, CFP® The passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has not delivered the simplicity that I had hoped it would; however, it has produced some tax cuts that are exceptional if addressed before the tax year ends. An important aspect of the TCJA is the 199A […]
By: Matthew D. Kelly, CFP® In my last article, I outlined the noteworthy adjustments to our tax code under 2017’s Tax Cuts and Jobs Act. For most, the new tax reform will result in paying less taxes to the government. Great news…right? Of course. As we’ve continued to run 2018 tax projections for our clients, however, we’ve noticed a surprising […]
By: Matthew D. Kelly, CFP® Taxes are painful. Taxes are constantly changing. Taxes will never ever go away. Wow, what reassuring and uplifting sentiments! Unfortunately, these are undeniable truths. The recent changes under the Tax Cuts and Jobs Act will shake things up more than usual. The big question is: For better or worse? Now […]
By: Matt Kelly, CFP® It’s that time of year again. The snow has started falling. The holidays are seemingly stacked on top of one another. We have time off from work and our busy schedules. And, the days are filled with family, friends, and delicious food. It is truly a wonderful season. In between sports […]
By: Trina Brown, Financial Planning Analyst According to the Pew Research Center,1 the percentage of adults presently married in the United States declined from a high of 72% in 1960 to a low of 50.5% in 2012. At the same time, 2010 Census data reveals that over 7.5 million unmarried couples live together, a 138% […]
By: Michael A. Montileone, CFP® and Chris P. Wieder, CFP® There are many life changing events that occur in a lifetime with retirement normally being in the top five. In addition to being assured that you have accumulated enough assets for a comfortable retirement, there are also estate and income tax, portfolio allocation, and logistical […]