December 8, 2021 - Here is a step-by-step outline of how to determine the amount of tax-free 529 plan savings that can be withdrawn: Only "qualified education expenses" can be withdrawn tax-free.First, add up college expenses,
Inquiring Minds
I was my husband’s IRA beneficiary at the time of his death in 2020. The IRA was transferred in 2021. Are RMDs required?
December 1, 2021 - The question of who must take the year-of-death RMD is tricky. This client’s question has an interesting twist because RMDs were waived in 2020. The answer is relatively straightforward. If the IRA owner did not already take the
Clients are always looking for effective ways to carry out their charitable intent. We often recommend starting a Donor Advised Fund (DAF). “What is a DAF?”
November 24, 2021 - A “Donor Advised Fund" is a charitable giving vehicle, administered by a public charity, to manage donations on behalf of individuals and families. It allows donors to make a charitable contribution, receive an immediate tax
How is the portfolio set up to perform in a prolonged period of inflation?
November 17, 2021 - There are many ways we position a portfolio to address periods of possible inflation. Here are some fundamental principles: Specific allocations to real estate provide some return correlation in a period of rising inflation.
How can we prevent identity theft?
November 10, 2021 - The saying goes “an ounce of prevention is worth a pound of cure.” By following these best practices, you can greatly reduce your risk of having compromised personal information: Place a credit freeze on your account as a
Over 33% of US adults have experienced identity theft and there is a new victim every 2 seconds! What do we do when our identity has been compromised?
November 3, 2021 - There are many resources available to help you if this situation occurs; one of the few resulting positives from its prevalence. Knowing what to do when it occurs can help you cope with a stressful situation. Here are fundamental
