Understanding the NIIT

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The 3.8% tax can take a bite out of some home sale profits Summer generally is an optimal time to sell your home. If you’re putting up a “for sale” sign on your lawn this year, make sure you understand the 3.8% net investment income tax (NIIT) that applies to profits on some home sales. […]

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How to meet the challenges of managing a family business

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Owners of family businesses face unique challenges that non-family business owners don’t have to worry about. These often arise from the dynamics of family relationships and the need to transfer these into the business environment. Family relations can sometimes get messy. When family members go to work together, it can be hard to flip a switch […]

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Umbrella insurance policies guard against the unexpected

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Responsible financial planning should include asking some “what if” questions. For example, what would happen if you or someone in your family were involved in an accident for which you were held legally liable? A $1 million or higher legal judgment could lead to financial ruin for many families — and affluent families with a […]

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Will Social Security be there when I retire?

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Social Security’s future solvency has become one of the most commonly-discussed issues in retirement planning—and for good reason.  Gallup polls show that an estimated 57% of retirees rely on Social Security as a major source of retirement income—a number that has held steady since the early 2000s.  But when Generation X and Y individuals plan […]

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Some People Say, “It’s who you know…”

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We’ve all been in business long enough to have heard the conversations about, “It’s who you know” that matters. We think that’s true, to a degree. There’s no question that it’s always helpful to, “know a guy or gal.” Sometimes we need an expert to help solve a problem, open a door, connect us to […]

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Compared to What?

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It’s normal to want to know how your investments are doing. The question is, “compared to what?”  The most common benchmark for U.S. stock market investors is the S&P 500 index, which most people refer to as the “market”. The S&P 500 index represents only one specific asset class which is domestic large companies.  However, it is […]

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Who loves you?

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Family enterprises are fascinating creatures: sometimes they behave like family with a hint of business, and other times they behave like businesses with a hint of family. But in either case, since family is involved, it means there are connections, relationship and links that go far beyond the normal bounds of business. There are probably people […]

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Protecting Yourself From Identity Theft

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We’re hearing a lot more about identity theft these days—from hackers stealing credit card numbers from big banks and retail stores to individuals opening up credit card or bank accounts in your name, which they can use to write bad checks or make expensive purchases. Criminal identity thieves may also take out a loan in […]

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Who’s in your family?

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“Family,” can sometimes be a tricky word. It means different things to different people. Families do not have only one form; they take all kinds of shapes, sizes, and configurations – nuclear, blended, and convoluted, and in the case of the majority of our clients, they have businesses (which can become part of their definition […]

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Tax Increase Prevention Act of 2014

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Source: Tax Legislation > 113th Congress (2013-2014) > Proposed > Tax Increase Prevention Act of 2014 (H.R. 5771)  > Practice Tools > Client Letter: Tax Increase Prevention Act of 2014   Tax Increase Prevention Act of 2014  Congress has extended many popular tax provisions that significantly impact individuals and businesses. Late on December 16, 2014, […]

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