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529 Able Accounts for Special Needs

By Cindy Szymanski, CFP®, Financial Advisor Effective November 1, 2016, Michigan becomes the fifth state to make available 529 Able accounts, or 529A accounts, under the Achieving a Better Life Experience Act of 2014, also known as the ABLE Act. This law allows individuals with disabilities to contribute up to $100,000 to a 529A account […]

Don’t Chase Returns

By Brian Weisberger, Investment Analyst In conversations I have with investors, one of the biggest mistakes I see people make is to chase returns. One of the most common ways is when an investor sees an article in the paper, or possibly a Morningstar report about a particular asset class or mutual fund/ETF that has […]

Rollover Rules Just Got A Bit Easier

By Cindy Szymanski, Financial Advisor There has long been a hard-and-fast rule that you have 60 days to complete a rollover; no ifs, ands or buts; if you are late, you will pay taxes and possible penalties on what was supposed to be a tax-free transaction. By definition, a rollover is when you take possession […]

By Jack K. Riashi, Jr., Financial Advisor As the summer winds down, going back to school becomes a front and center topic for many parents, and there is no bigger issue or responsibility than saving for college expenses. If you are a parent trying to save money for your child’s college education, then you realize […]

By  Cindy Szymanski, Financial Advisor Congratulations – you’ve graduated from college and are well on your way to being an independent adult; or are you still a dependent? While many recent graduates may have landed a full-time job, others are still working only part-time or are doing a low-paying internship. But did you know that […]

Identity Theft – (Q & A)

  Q Dear Rick: I have a situation that I hope you can help me with. About two years ago I was the victim of an identity theft. As a result, my credit has been ruined. I am working on correcting the situation but it’s going to be a while. The problem is my wife […]

What?? Index Investing Has Flaws?

By Jack K. Riashi, Jr., CFP® Index investing has become so popular over the past few years that it has nearly become a household name! It seems you can’t read anything online or in financial print that doesn’t highlight the virtues of index mutual funds as the primary investment vehicle in portfolios. The main thrust […]

Baby Boomers and Tax Breaks

By Cindy Szymanski, CFP®, Financial Advisor I was reading an article in the Wall Street Journal recently and realized that every certain age group has been given a name. The Pew Research Center considers anyone born prior to 1928 “the Greatest Generation”. If you were born between 1928 through 1945 you were called the “Silent […]

By Ken Bloom, J.D., LLM The tax burden of business owners are significantly different (and usually much more) than employees. For example, business owners must match social security and Medicare contributions paid by employees. Depending on the number of employees in a business and the amount of the payroll, the matching obligation can “cost” the […]

Markets Hitting New Highs—Now What?

By Jack K. Riashi, Jr., CFP® As I write this commentary, most of the popular stock market averages are on the verge of reaching their all-time highs. The Dow Jones Industrial Average hit an all-time high of 18,300 back in May 2015. The   S & P 500 Index hit its high in the same […]

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