2022 - Wealth and Investment Services

Are You a Non-Spouse Beneficiary of an Inherited IRA? The IRS Has New Rules for You

If you are a non-spouse beneficiary of an IRA, proposed IRS rules regarding distributions may impact your situation. In February 2022, the IRS and Treasury Department reinstated SECURE Act RMD requirements for IRAs inherited in 2020 or later. The new rules apply to non-spouse beneficiaries and distributions, and override earlier releases published in May 2021. […]

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An Introduction to Estate Planning for the Sandwich Generation

Blog / By elizabeth fogarty

For members of the \”Sandwich Generation\”—those currently in their 40s and 50s who are caring for children and their parents who are over 65-years old—estate planning may seem like a low priority. After all, when you\’re juggling multiple caregiving responsibilities daily, sitting down to draft a will is easy to put off. But estate planning

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6 Ways to Minimize Your Tax Liability Throughout the Year

Blog / By elizabeth fogarty

You don\’t need to wait until the end of the year to look for ways to minimize your tax liability. Tax planning should take place throughout the year to have you prepared well ahead of tax season. Here are six ways to minimize your tax liability that you can implement any time before the end

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Despite Concerns, Retirement Confidence Remains Steady

Blog / By elizabeth fogarty

Nearly three quarters of workers and 77% of retirees in a recent survey said they remain at least somewhat confident that they will experience a comfortable retirement, according to the Employee Benefit Research Institute. Nevertheless, a third of workers and a quarter of retirees felt less confident this year due to the economic effects of

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The 3 Wall Street Voices and 9 Myths – Part III

Blog / By elizabeth fogarty

Here are three of the nine investment myths that Wall Street wants you to believe.

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The 3 Wall Street Voices and 9 Myths – Part II

Blog / By elizabeth fogarty

You need to go beyond the voices, and listen to reason that may calm the panic, refute passivity and debunk so-called secret formulas.

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The 3 Wall Street Voices and 9 Myths – Part I

Blog / By elizabeth fogarty

Wall Street has three voices it wants you to listen to and nine myths it wants you to believe. They are designed to allow “The Street” to keep making money from you. Exposing them will help you be a better investor.

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Required Distributions: Changes You Need to Know

Blog / By elizabeth fogarty

In February 2022, the IRS issued proposed regulations (generally applicable starting in 2022) that interpret the revised required minimum distribution (RMD) rules. Unless these proposals are amended, some beneficiaries could be subject to annual required distributions as well as a full distribution at the end of a 10-year period

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529 College Savings Plans: For Education and Estate Planning

Blog / By elizabeth fogarty

529 College Savings plans are essential for saving for higher education expenses, and if used for education, accumulate tax-free.

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Navigating Market Volatility–or Not

Blog / By elizabeth fogarty

Market volatility could spook even the most seasoned investor. If a precipitous week or two in the market has you ready to sell, you may want to reconsider your risk tolerance and asset allocation. Attempting to time the market by selling during a drop could often mean missing the prime point of re-entry—selling low and buying high or selling low and failing to buy at all. What should investors consider when navigating market volatility?

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