The July Fourth holiday will be very different this year. Although it’s a time to enjoy family and friends, and maybe even watch some fireworks, social distancing and a new wave of COVID-19 cases also may take a seat at the picnic table. We all continue to believe our doctors and medical community will help us conquer this disease; however, with more than 10 million confirmed cases of COVID-19 around the globe (Johns Hopkins), this terrible fight is far from over. Meanwhile, the US economy appears to be turning a major corner, and better times may be ahead later in 2020.
The Psychology of Investing: Why It Matters to You
One of the questions that many ponder these days is how we should be investing in tumultuous times. Is there a proper/better way for the average investor to structure his/her portfolio? Pretend you are doing your own version of online “Zooming” right now, and let’s review together.
Have you Prepared for Your Future?
Succession planning is often assumed to relate to selling a business. It can, however, also refer to what will happen to you and your family if you die or become incapacitated.
An Important Consideration for Estate Planning
We are already one full month into the 2020 year, and I hope it is off to a good start for you and your family.
One of the new laws that took effect in January that has generated a lot discussion and opinions is the new SECURE Act (Setting Every Community Up for Retirement Enhancement). The Impact of the SECURE Act and how it will affect your income taxes and any estate plans you may have is something that you will need to consider in your financial planning.
Trudging through the Snow Day Memories
There’s nothing quite like the first big snowstorm of the year to bring back the memories of “snow days in the old days.” My wife Margaret is the oldest of 10 children, so she has lots of snow day memories in her household, and I’ve asked her to share some of the Snow Day traditions her family enjoyed.
There’s a meme making the rounds on the internet that says, “Life Insurance is like fun…the older you get, the more it costs!” After a summer jam-packed with activities, you might be feeling the cost of “fun,” just a little bit!
September is not only back-to-school month, but it is also designated as Life Insurance Awareness Month. Just as we fill a backpack with supplies for our kids, so should your financial plan “backpack” be prepared with the appropriate life insurance products to take care of your loved ones.
Road Trip Reflections
With Willie Nelson’s song running through my head, my wife Margaret and I embarked on a multi-day Road Trip down South to see our daughter for the first time in 16 months. The drive to Florida was easy but long. We took our time, made a few stops and enjoyed seeing some nice sections of Virginia and Alabama before we got to Florida. Transitioning from Alabama to Florida was a real eye opener.
Math Error Notices from the IRS
Nancy Muench is a CPA with over thirty years of tax experience, and we are fortunate to be able to rely on her expertise as the Head of our Tax Department. She has some good advice to share regarding math error notices from the IRS.
Please note that our office will be closed July 4-8 in observance of the 4th of July holiday. We will also be closing early in the afternoon on Wednesday, July 3.
Parades, Picnics, Parties and Fireworks…summer is finally here, and it’s time to celebrate the July 4th holiday!
Rodgers and Hammerstein made June famous for “bustin’ out all over,” but in my mind, this month is linked to Graduation Season and visions of the graduate heading off to conquer the world. I think the phrase “develop a killer app” is the 2019 equivalent of “Plastics, my boy, plastics.” For the graduate, the prize is at hand and the fruits of all their hard work will be realized…or so they think. For most college graduates, the ceremony is called “Commencement” for a reason.