There’s still time to make IRA contributions for 2021

It’s not too late to make contributions to your traditional or Roth IRA for the 2021 tax year. Contributions made up until April 18, 2022, may be deducted from your 2021 tax return. Any contributions to a traditional or Roth IRA made until the April 18 filing date must be designated for 2021 to the […]

Fixed or floating interest rates for business loans? Maybe both

The recent news from the Federal Reserve about potential interest rate increases to combat the inflation the economy is currently seeing is making business owners rethink their existing business debt. A question that businesses are considering nowadays is whether or not they should look into locking in variable rate loans they currently have. The answer […]

Time to plan for the future is NOW

Many business owners have seen financial success in the past year and, upon review, realize that the value of their assets and businesses are at an all-time high. This makes now the prime time to understand your net worth, get your estate documents in order, take advantage of the lowest exemption amounts, and develop the […]

Fixed or floating rates? Maybe both

Imagine buying a newly issued bond from the U.S. Treasury (“UST”) today.  If you did, you’d earn 1.27% per year for the next 10-years.  Hard to imagine.  After you factor in inflation, you would probably be losing money!  In fact, at the beginning of this year, the rate on a 10-Year UST stood at less […]

Plan ahead for the Net Investment Income Tax

High-income taxpayers face a 3.8% net investment income tax (NIIT) that is imposed in addition to regular income tax. Fortunately, there are some steps you may be able to take to reduce its impact. The NIIT applies to you only if modified adjusted gross income (MAGI) exceeds: $250,000 for married taxpayers filing jointly and surviving […]

Bonds remain stable investment amid 1Q decline

The first quarter of 2021 was positive for U.S. stocks, but bonds declined amid the rise in interest rates. With the dramatic spike in interest rates discussed here, bonds performed poorly in the first quarter of the year. The Barclay’s Aggregate Bond index was down more than 3% in the first quarter, a large loss […]

The long and short of succession planning

For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But if the past year or so has taught us anything, it is that anything can happen. Owners who […]

Will U.S. stocks continue to fare well amid reopening economy?

As most investors know, equity markets continued to achieve record highs during the first quarter of 2021. The story of the second quarter is still unfolding, as it is impacted by economic reopening amid the vaccine rollout, as well as concerns of rising interest rates and the prospects for inflation. While U.S. stocks have fared […]

‘Tug-of-war’ developing between economic reopening and inflation concerns

The first quarter of 2021 has gotten off to great start with equity markets continuing to achieve record highs. As we begin the second quarter, a tug-of-war is developing as investors weigh the prospects of economic reopening amid the vaccine rollout against concerns of rising interest rates and the prospects for inflation. As the first […]

Make updating your retirement plan a New Year’s resolution

This time of year is replete with retrospectives on 2020 and stating goals for 2021. One New Year’s resolution that should be at the top of your list is updating plans for retirement. Kiplinger’s recently published a list of the 10 Most Tax-Friendly States for Retirees, which gives some good food for thought.  No matter […]