Should You Be Waiting Longer to Retire? One in five Americans 65 or over is still working – the highest percentage since the late 1960s, according to the Associated Press. Add to that the fact that the Boston Globe recently reported more people are putting off retirement until their late 60s or even sometime in
Options For Transitioning Wealth To Your Grandchild
OPTIONS FOR TRANSITIONING WEALTH TO YOUR GRANDCHILDREN Aside from a last will and testament or a trust, there are several ways to effectively transfer your wealth to your grandkids. The tax laws affecting estate planning have changed and created unique opportunities, but many of the provisions may expire in 2025. With the newly increased gift
Got Savings
Got Savings? If not, legislators want to help you build a “nest egg” and may have some retirement-policy changes headed our way in 2019. Retirement legislation has bipartisan support and could lift IRA age caps, help small employers, boost the use of annuities, and defray start-up costs for new 401(k) plans. The Senate bill, known
Economic Change Ahead for 2019
Economic Changes Ahead for 2019 At TFGFA we like our clients (and soon to be clients) to stay abreast of economic trends and ahead of the financial curve. Although no one has a crystal ball, these are the winds of change we see blowing your way: Evolving Workforce: The workforce of the future will be more
401k Plan Answers to Frequently Asked Questions
401(k) Plan Answers to Frequently Asked Questions 401(k) rules for retirement savings can sound like a foreign language to many, confusion abounds no matter what your job status or pay scale. It’s easy to get started and enroll if your employer offers a plan – it may come with eligibility requirements like a waiting period
New 401k and IRA Contribution Limits Ahead for 2019
New 401(k) and IRA Contribution Limits Ahead for 2019! Wouldn’t you like to put an extra $500 aside in your 401(k) or IRA? Well in 2019 you can do just that thanks to the IRS annual cost of living increase. That means participants can contribute a total of $19,000 pre-tax in 2019 to a 401(k),
Benefits of a Socially Responsible Portfolio
Benefits of a Socially Responsible Portfolio Sustainable investment products, aim to both deliver robust returns and remedy social and environmental ills. Sustainable investing is one of the fastest-growing segments in finance with the sector almost doubling in size from $14 trillion in 2012 to $22 trillion in 2016. What has caused the spike in interest
Top 10 Tips to Enhance the Investment Experience
Top 10 Tips to Enhance the Investment Experience “Buy low and sell high” is not exactly a relevant formula for success in today’s investment environment. There are better investment strategies out there in the new millennium that will make your money work whether you choose impact investing, dividend investing, tax efficient investing, value investing or
Charitable Giving Strategies and Solutions
Charitable Giving Strategies and Solutions Think Tax Reform is likely to discourage charitable giving? Not at all. The Tax Cuts and Jobs Act may have lowered individual income tax rates, reduced the value of tax deductions, and doubled the estate tax exemption to $22 million for couples, but it will not impact all tax-motivated bequests.
Here Are the New ABCs of 529 Plans
August is “Back to School” Time – Here Are the New ABCs of 529 Plans Most parents will jump for joy to hear that Section 529 Plans can now be used for private elementary and high school tuition in addition to paying for college. What’s Different? In the past, parents often used tax-favored Section 529
