Backdoor Roth Contributions
Jul
18

Roth IRAs For Everyone—Even The Well Paid After the new tax law, Roth IRAs are officially available to even more people. We have cautiously broached the backdoor Roth contribution strategy with many of our clients over the years and a fair number have taken advantage of it.  The primary concern has been whether the IRS would impose the Step...
Jul
16

“The important thing about an investment philosophy is that you have one you can stick with.” - David Booth Founder and Executive Chairman Dimensional Fund Advisors Combining an enduring investment philosophy with a simple formula that helps maintain investment discipline can increase the odds of having a positive financial experience. An...
Phishing Scam
May
31

The fraudsters are at it again and this time they're posing as Charles Schwab. In a new wave of phishing attempts, you may receive fraudulent emails that appear to be sent by Schwab.  Pay close attention as there have been several variations of these new phishing emails attempted. The most common email references an e-payment and security notice...
May
18

Effective May 31, 2018, access to add-on services (such as payroll services, credit card and check processing, bill pay, online bank downloads, and many other important services) will be discontinued for QuickBooks Desktop 2015 (Windows and Mac). This includes all versions of QuickBooks Desktop 2015 (Pro, Premier, Enterprise Solutions, Accountant Edition,...
Sailing with the Tides
Apr
02

Embarking on a financial plan is like sailing around the world. The voyage won’t always go as planned, and there’ll be rough seas, but the odds of reaching your destination increase greatly if you are prepared, flexible, patient, and well-advised. A mistake many inexperienced sailors make is setting sail without having first charted their course. They...
Tax Reform - Meals & Entertainment Update
Jan
12

This is our first in a series of Tax Reform topics.  As most of you know, the new law took an axe to some significant M&E deductions. What We Know Most business entertainment expenses are no longer deductible.  These would include sporting events, the theater, clubs, golf outings, etc.  The entertainment activities that...
January 2018 - As Goes January, So Goes the Year
Jan
10

As investors ring in the new year, some may see the occasional headline about the “January Indicator” or “January Barometer.” This theory suggests that the price movement of the S&P 500 during the month of January may signal whether that index will rise or fall during the remainder of the year. In other words, if the return of the S&P 500 in...
Tax Reform, Year-End Planning
Dec
28

As you may have seen from our prior post, Year-End Tax Tips, In Light of Tax Reform, the new tax law that passed last week put a cap on the aggregate of the property tax & state tax deductions in 2018 at $10,000.  This will apply to any payments made for property taxes OR other state taxes in 2018.  There has been a lot of speculation about...
Tax Reform, Year-End Planning
Dec
22

The end of the year is traditionally a good time to tackle tax planning. You have an idea of what your total income will be, so you can make decisions with an eye on tax efficiencies. This year, the back-and-forth on tax reform has narrowed the window of opportunity a bit. Now that comprehensive tax reform has passed the House and Senate and will soon be...
Bitcoin, Beaird Harris, Tax, Wealth Management, Investment
Dec
21

Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the...