Newsletter

Fall 2015 Issue

September 23, 2015
  • Mowery & Schoenfeld wealth management has partnered with ShankerValleau to offer a comprehensive approach to personal wealth management. Our mission is to bring peace of mind through sophisticated wealth management by adhering to a long term, disciplined approach that will allow our clients to achieve their financial goals. We protect and cultivate wealth through global portfolio...
  • Line Up Your Strategies Before Expanding Most closely held business owners want to grow their companies. Growth represents progress, and it can result in financial rewards and new opportunities for owners and employees. However, growth results in a whole new set of challenges for businesses. In particular, expanding will have a significant impact on most companies. This makes it critical to plan...
  • Review by Jeff Mowery I was first introduced to the work of Patrick Lencioni when I read Five Dysfunctions of a Team. I really enjoyed his style of making points through a fable as it really helps you relate the points that he is making to your own particular situation. The author then wraps up with a more standard analysis of the subject matter – providing a proposition, supporting the theory...
  • Plan To Protect The Proceeds Now The proceeds from a life insurance policy are part of the financial legacy you leave behind after your death. Do what you can now to protect those proceeds from taxes, so that you’re able to leave behind as much as you can for your beneficiaries. Avoiding Estate Taxes Many taxpayers mistakenly believe that life insurance proceeds are estate-tax-free, so long as...
  • Did you know that October 19th -25th is National Estate Planning Awareness Week (“NEPAW”) It’s not on my desk calendar either, but it’s true. NEPAW was adopted by the House of Representatives in September 2008, in large part because it is estimated that over 56% of American do not have an up-to-date estate plan. With the increase of an individual’s lifetime gift and estate tax exemption to $5,430...
  • About 8,000 Americans reach the traditional retirement age of 65 every day, according to AARP. If you’re one of these preretirees, you have a lot of decisions to make about your retirement finances — including when you should start receiving monthly Social Security retirement benefits. The good news is that you have some flexibility. You can start claiming benefits as early as your 62nd birthday...
  • If your employees travel away from home as part of their jobs, your business may be allowed to deduct a portion of the ordinary and necessary expenses associated with this travel. That’s the good news. The bad news is that maintaining adequate records to substantiate such expenses can be cumbersome and time-consuming. Employees must keep all receipts related to these expenses and also maintain...