Category: Weekly Update

Saving for a Child/Grandchild

What are some ways that you can save for a child or grandchild, and how do those accounts affect college aid in the future?  Here are two types of popular accounts, details on taxation, along with how they affect college aid in the future….

Paycheck Tax Overhaul

Filing out your W-4 could get much more difficult starting as soon as 2020.  Your W-4 is the form you complete to indicate how much to have withheld from your paycheck for taxes.  Currently, you simply indicate 0, 1, or 2 where ‘0’ is the…

New Retirement Plan/IRA Legislation

  Weekly Update – New Retirement Plan/IRA Legislation Earlier this week, the Ways and Means house committee passed the SECURE Act.  This provisions of the bill would be the most signficant to retirement plans since the Pension Protection Act of 2006. The Senate is…

Q1 Market Summary

Weekly Update – Q1 Market Summary Equity markets saw their best quarter since the 2008-2009 Great Recession.  Here are the returns of several notable asset classes to start 2019: These returns come on the heels a significant pullback in the fourth quarter of 2018 that…

IRA Contributions

Weekly Update – IRA Contributions It’s not too late to make a contribution to an Individual Retirement Account (IRA) for the 2018 tax year as the deadline is April 15th, 2019.  An individual can contribute up to $5,500 if under the age of 50, and $6,500…