Newsletter

Summer 2018

June 12, 2018
  • Traditionally, many Americans have viewed 65 as a target retirement age. However, there’s usually no legal requirement that you retire when you turn 65. Most Americans are free to retire either after or before this age, if they have the financial resources to do so. Many people dream of retiring early so they can pursue activities other than work, such as volunteering, traveling and participating...
  • The recently enacted Tax Cuts and Jobs Act (TCJA) added Section 199A to the tax code, providing a new 20% deduction for owners of “pass-through entities.” The deduction is designed to help these entities compete with C corporations, which now enjoy substantially reduced corporate tax rates. It’s available from 2018 to 2025. Although the concept is simple, the new tax break is one of the more...
  • One downside of a traditional IRA is that, once you reach age 70½, you must begin taking required minimum distributions (RMDs) — and pay taxes on those distributions — whether you need the money or not. But if you’re charitably inclined, you can use a qualified charitable distribution (QCD) to avoid taxes on up to $100,000 in RMDs. Also known as a “charitable IRA rollover,” a QCD is a direct...
  • Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. Achieving a comparable rate of growth organically — by increasing sales of existing products and services or adding new product and service lines — may take years. And this year could turn out to be a ripe year...