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The topic of achieving success comes up a lot in discussion with our clients but even more so with the millennials. As we talk about their desires for the future, they share career aspirations and discuss what kind of jobs they would like to have and whether they are on a path that will get them there.

The SECURE Act has taken away the ability to stretch an inherited IRA out over someone’s lifetime. What happens when you lose your flexibility?

In the case of inheriting a Traditional IRA, you are required to concentrate your tax liability. The new law requires you to distribute all assets from the inherited account within 10 years.

If you are fortunate enough to continue to receive your paycheck during COVID 19 or to receive your usual retirement income, you may find that cash is building up in your checking account, as reported by several of our clients.

This is not a problem, but it is an opportunity.

In a perfect investing world, you would be able to see market bottoms coming and be prepared to buy at that exact moment for ultimate investment gain, right?

There are hundreds, probably thousands of diets out there. Odds are you have tried a few and you know tons of people that have tried different ones that either outright failed or gained the weight back shortly after.

Take a second and think, how many diets do you think are effective?

The current covid-19 virus has changed many people’s financial plans, at least in the short term, and, at most, for the rest of their lives. For those approaching retirement or Social Security claiming age, Social Security strategies that have been previously decided may be obsolete.

Tax-Loss Harvesting is like the magician pulling the rabbit out of the empty hat.  That rabbit you didn’t see comes as a reduction in taxable income.  And you keep your investment strategy intact if you have a similar alternative to rotate into.

An often-overlooked business planning activity is managing your current cash. During a crisis such as the COVID 19 pandemic and quarantine this becomes an essential factor for success. As Federal Reserve Chair Jerome Powell said recently, liquidity problems can turn into solvency problems. These recommendations are intended to empower you with information for making good decisions.

Strange times, uncertain times, however you like to say it, it is. The U.S market took a tumble in March and with Stay-at-Home orders placed across not just the nation, but the globe, many were expecting that downward trend to continue.

Part of the CARES Act designed to stimulate the economy and keep people employed called the Paycheck Protection Program (PPP) offered loans to small businesses that would be forgiven “tax free” if used for payroll and expenses related to keeping employees working.