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Are You Paying Too Much for Your Retirement Investment?

Jan 27, 2020 2:45:00 PM / by Jason Shaw posted in Financial Planning, Retirement

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Annuities are attractive to many who are looking to create a secure retirement plan. The reasons are clear: annuities can provide a guaranteed income for life, and income earned on annuities is tax deferred. Additionally, because many annuity products allow you to select from a variety of mutual fund subaccounts, you can often change your investment direction within an annuity at little or no cost.

As with all financial products, however, it’s important to weigh the pros and cons of annuity investment. While annuities can provide tremendous benefits for some investors, the costs involved can be tricky to fully understand. If you own an annuity or are considering purchasing one, be sure to look closely at its real costs. 

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Where Should I Put my Money to Help my Child Save for College?

Jan 22, 2020 2:15:00 PM / by Jason Shaw posted in Financial Planning

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Saving for your child's college education can seem like an intimidating task. There are several options to help plan for this expense, but your financial situation will determine which one is best for you. We breakdown four different plans to help you select the one for you.

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Who Pays the Taxes When You’re Dead?

Jan 14, 2020 3:00:00 PM / by Dave Boelman posted in Financial Planning, Tax Services

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You’ve probably heard the term “death tax,” but what does it mean? Dead men tell no tales—nor do they pay taxes. When you pass away, who has to pay tax on what you leave behind? That depends on several factors, including how much you leave, the people and/or organizations you leave it to, and how you go about transferring it. To get a basic understanding of how this all works, we’ll look at three kinds of taxes: estate tax, gift tax, and inheritance tax.

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When is the Best Time to Start Estate Planning?

Jan 8, 2020 11:30:00 AM / by Jason Shaw posted in Financial Planning

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Estate planning isn't just for the elderly or rich. You might think of estate planning as something older people do—not 20- or 30- somethings who are just starting out in their careers. In fact, a recent survey by Caring.com found that even though three quarters of adults know that a will is important, only 40% actually have one.

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What to do With That Letter You Just Got From the IRS

Dec 20, 2019 10:53:00 AM / by Dave Boelman posted in Tax Services

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Do you get that sinking feeling in the pit of your stomach when a letter arrives from the IRS? If so, you’re far from alone. The good news, however, is that letter is probably nothing to worry about.

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Leaving Your Current Financial Advisor—It’s Okay to Say Goodbye

Jul 3, 2019 4:29:00 PM / by Jason Shaw posted in Financial Planning

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If you’re considering leaving your current financial advisor, you’re not alone. A 2015 study by Spectrem Group found that most respondents with a net worth of over $100,00 have changed advisors in their lifetimes. There are several reasons you might be considering making a switch, but how do you know it’s the right decision? Finding the right advisor requires investing the time to research candidates, and transferring management of your portfolio to a new advisor can come with a tangle of red tape. Here are some sound reasons to change financial advisors. 

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What Is the Best Age to Start Saving for Retirement?

May 29, 2019 3:03:00 PM / by Jason Shaw posted in Financial Planning, Retirement

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If you're thinking about retirement and the money you'd like to save up ahead of time, there are a few tips on when--and how--to get started. 

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5 Benefits of Having Tax and Financial Services Under the Same Roof

May 17, 2019 2:52:00 PM / by Jason Shaw posted in Financial Planning, Tax Services

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Tax planning and preparation is an essential part of an overall financial plan. To make the most of your income and assets, it’s important to consider the tax implications of every financial move you make. Likewise, an understanding of the wide range of investment choices available is beneficial in the effort to keep your tax obligations to a minimum. 

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What Tax Benefits Can I Claim When Adopting a Child?

Mar 10, 2016 3:00:03 PM / by Dave Boelman posted in Tax Services

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If you recently adopted a child or are currently in the process, you may be able to claim tax benefits for the costs associated with your adoption efforts. Here are the basics on how to qualify and what costs you may be able to claim.

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Divorce Raises Questions About Your Tax Return

Feb 26, 2016 1:10:32 PM / by Dave Boelman posted in Tax Services

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If you are in the midst of a divorce, or if your divorce was finalized in 2015, your tax return will require extra attention this year. It’s important to consult with a qualified tax professional to ensure that your return is completed properly and accurately and that you claim all of the tax benefits to which you are entitled.

Below are just a few of the questions that your recent or pending divorce may raise about your return.

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