A job change can be a stressful, busy time, which is why many
people forget about 401(k) funds and simply leave them in a former
employer’s plan.
I can’t emphasize enough that people need to properly educate
themselves about their options. Most people we encounter are
hesitant to rollover old 401(k) funds because they aren’t aware of
their options.
There also is a tendency to think amounts aren’t significant
enough to warrant attention. The average person holds 11 jobs
between the ages of 18 and...
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The end of Quantitative Easing is coming one day; the Fed put
everyone on notice with four Fed officials discussing the ‘taper’
of open market security purchases. [i] Many people believe
the money printing from the Fed went directly into the
stock market and that these dollars are what is propelling the
equity markets to new all-time highs. While they are somewhat
right in form, they are wrong in substance. The Fed is not
buying equities, but it is shrinking the supply of Treasuries...
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Three years ago, on March 23, 2010, President Obama signed the
Affordable Care Act (ACA) into law. While several substantial
provisions don't take effect until 2014, many of the Act's
requirements already have been implemented, including:
- Insurance policies must allow young adults up to age 26 to
remain covered on their parent's health insurance.
- Insurers cannot deny coverage to children due to their health
status, nor can companies exclude children's coverage for
pre-existing conditions.
- Lifetime...
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This month's Financial Services E-Advisor includes the
following:
Estate Tax After the Fiscal Cliff
After threatening to go over the fiscal cliff, the gift tax,
estate tax, and generation-skipping transfer (GST) tax...
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Aurum Wealth Management Group's Second Quarter Strategy Report
includes the following topics:
- The global economy is full of the haves and the have nots.
- Japan and the U.S. propelled global equity markets higher with
regional results varying.
- Higher interest rates detracted from fixed income returns,
while credit opportunities evolve.
- REIT valuations ascend to familiar territory.
Economy
Reports in the fourth quarter from the IMF seemingly indicated
an understanding that austerity led to worse...
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This month's Financial Services E-Advisor includes:
Cost-of-Living Adjustments: What They Are and Why They
Matter
The rising costs of food, gas, electricity, and health care can
strain anyone's budget. The situation is even worse if your living
expenses increase while your income stays the same, because...
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This month's Special Delivery includes:
Update Your Email Preferences
As business advisors, we want to make sure we are providing our
clients and business contacts with messages and updates relevant to
your individual and/or...
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If you are like most of our clients, your life is dedicated to
the growth and protection of your business, family, and home. As
your most important investments, you'll want to protect them in the
future through the right mix of life insurance and a balanced
investment strategy. Otherwise, your investments may be exposed to
a tremendous amount of risk.
We would be happy to provide you with a complimentary life
insurance quote. Click here to find
out more.
For more information on Skoda Minotti...
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Not all of us have the ambition to work until we drop. The
majority of the population seems to look forward to those golden
years when we get to travel, volunteer for the non-profits we love,
and spend time with our families. But how are we expected to
get there in the current environment?
For some of us, there’s little-to-no expectation that social
security is going to exist by our retirement age. Investments
in the stock market are precarious. Even investments in
“conservative” employer...
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This month's Special Delivery includes the following:
Tax Planning Considerations for
Individuals
While there is a still a great...
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This month's Financial Services E-Advisor includes the following
articles:
The Economics of Borrowing From Your 401(k)
When times are tough, that pool of dollars sitting in your
401(k) plan account may start to look attractive. But before you
decide to take a plan loan, be sure you understand...
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There are few things more important to people than the security
of their banking and financial data. And, whether banks want to
admit it or not, when it comes to managing the security of data
within a banking environment, information processing continues to
become increasingly complex and difficult to manage. With new
threats and security regulations rolling out regularly, if proper
and flexible controls are not implemented at your community bank,
IT incident response and detection will continue...
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This month's Financial Services E-Newsletter includes the
following articles:
Breaking Down the Taxpaying Population: Where Do You Fit
In?
Every quarter, the Statistics of Income Division of the Internal
Revenue Service (IRS) publishes financial statistics...
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This month's Financial Services E-Newsletter includes the
following articles:
Speculating on the Future of the Federal
Estate Tax
What's the future of the federal estate tax? All
we know is that no one knows for sure; it's all
speculation.
Click here to...
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The news of the week in Cleveland is the sale of the Browns by
Randy Lerner to Jimmy Haslem. The deal is reported to be more
than $1 billion, nearly doubling the $530 million purchase
price. Although completing the transaction during the first
week of training camp may be questionable timing for some, it
does make some sense from a tax planning perspective.
Effective January 1, 2013, the Bush-era tax cuts, which have
already been extended once, are set to expire unless Congress
acts. This...
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If you're self-employed or own a small business and you haven't
established a retirement savings plan, what are you waiting for? A
retirement plan can help you and your employees save for the
future. And you'll be in good company--over 1 million small
businesses with 100 or fewer employees currently offer workplace
retirement savings plans.
Tax advantages
A retirement plan can have significant tax advantages:
- Your contributions are deductible when made
- Your contributions aren't taxed to an employee...
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This month's Financial Services E-Newsletter includes the
following articles:
Mid-Year Reality Check: Covering Your Bases in Uncertain
Times
Imagine...
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When developing a succession plan for your business, you must
make many decisions. Should you sell your business or give it away?
Should you structure your plan to go into effect during your
lifetime or at your death? Should you transfer your ownership
interest to family members, co-owners, employees, or an outside
party? The key is to pick the best plan for your circumstances and
objectives, and to seek help from financial and legal advisors to
carry out this plan.
Selling your business
Selling...
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This month's Financial Services E-Newsletter includes the
following articles:
Market-Moving Indicators for Monitoring
Europe
If you've struggled to make sense of the ongoing European debt
debacle, you're not alone. It's difficult even to keep track of all
the pieces...
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Once you have researched long-term care insurance and are
seriously considering buying a policy, there are still many things
to consider before your purchase. Make sure you’re doing it for the
right reasons and are not being swayed by unsubstantiated sales
pitches.
Potential buyers should consider possible increases to the
premium over time; the definition of terms, such as what
constitutes an assisted living facility in different states; the
financial strength of the institution from which the...
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