Archive

Following the July 21st Tuesday Tip, at its peak, the highest federal income tax rate was 94% in 1944.  #TuesdayTip

Do you know what the highest federal income tax rate was? Be sure to check back next week to see if you are correct. #TuesdayTip

Now might be the best time to make some low basis transfers while the market is still on the rise.  #TuesdayTip

Have you checked to see what effect the SECURE Act has on the inheritance of your IRA?  #TuesdayTip

In light of current events with COVID-19, Fiduciary Trust International published an article on the importance of maintaining your estate planning documents up to date, especially now. Check out the link below for the article! https://www.fiduciarytrust.com/insights/commentary?commentaryPath=templatedata/gw-content/commentary/data/en-us/en-us-ftci/trust-estate/peace-of-mind-essential-steps-for-taking-care-of-family&commentaryType=TRUST%20&%20ESTATE%20PLANNING

Did you know the new CARES Act just signed into law may allow you a charitable deduction of 100% of your AGI if you are at least 59 1/2 and you make it from your IRA in 2020. Talk to your tax advisor.  #TuesdayTip

Secure Act, Cares Act and Coronavirus, do you think someone is trying to get you to review, perhaps update, your Estate Planning documents?   #TuesdayTip

“Are your health care surrogate and power of attorney documents up to date?”   #TuesdayTip

Consider putting all of your important documentation in one binder and let your attorney and family members know the location of that binder.      #TuesdayTip

Do you know what the SECURE Act is? The President signed it in late December.   #TuesdayTip