antiques in market

Are you thinking about donating “big ticket” items of property to charity? Beware of these IRS new regulations

Ten years ago, the Internal Revenue Service proposed regulations that would define how to value (and prove the actual value) of non-cash donations of $5,000 and over to charity.  The regulations involved things like artwork, jewelry, antiques and other possessions whose value is often in the eye of the beholder. Now, a decade later, the IRS has[…..]

education books

529 Plan – What are Qualified Expenses?

The main tax advantage of a 529 Plan (in a state-sponsored college savings plan) is that distributions for qualified expenses are tax-free. In other words, contributions grow tax-free and earnings won’t be taxed when withdrawn for QUALIFIED EXPENSES.  In certain states, you may also benefit from a State tax deduction when contributing to a 529 Plan, unfortunately[…..]

relaxation chairs

Happiness in Retirement

One of the great transitions in many people’s lives is going from employment to retirement. Between pursuing old or newly found passions, babysitting the grandchildren, traveling, or volunteering, many of our retired clients are now busier than they were during their working years! However, after a few years in retirement, some people realize that they are not[…..]

graduation

Advice for recent graduates: Start saving as a new “adult”

Since I started working in the financial planning industry in 2013, I heard many people say “I wish I had started saving earlier”. It may be too late for those people to start over, but we can prevent new “adults” from making mistakes by educating them and providing guidance. As a young adult and financial planner, I[…..]