The SECURE 2.0 Act – Strengthening Americans Retirement Opportunities
The SECURE 2.0 Act is now law. This new Act, passed to strengthen Americans retirement savings options, builds on the SECURE Act of 2019 (“Setting Every Community Up for Retirement Enhancement”). The goal of both [...]
2022 Year End Financial Check List
As the Thanksgiving holiday approaches, we want to provide our clients with a financial year-end check list. We encourage you to review the topics we have selected, knowing that they are important not only for [...]
Take Time to Review
The word ‘review” has a long list of synonyms: analysis, audit, one-over, reconsideration, rethink, reassessment, fresh look, second look. Webster’s dictionary defines “review” as “a formal assessment or examination of something with the possibility or [...]
Volatility and Risk
We understand that big market swings make investors nervous. We have received several questions about the current condition of the stock market and market volatility in particular. To answer those questions, we like to discuss [...]
2021 End-of-year Tax Planning Strategies
As 2021 draws to a close, we want to provide our clients with strategies for year-end tax planning. Retirement Account Contributions We suggest you maximize your retirement account contributions. For 2021, the maximum IRA or [...]
“Trusted Contact Person” – Who, Why, How?
In 2018, the Financial Industry Regulatory Authority (FINRA) adopted a new rule which allows an investor to authorize her or his adviser to contact another person, a “Trusted Contact Person,” in limited circumstances, for assistance [...]
RMDs are required in 2021!
There were two major changes to required minimum distributions (RMD’s) in 2020[1]. The first change was the age increase from 70½ to 72 as a result of the Setting Every Community Up for Security Enhancement [...]
How You Title Personal Accounts Matters!
We are often asked the important question “How should I title my/our personal investment or bank account” or “what is the correct way to title my/our house?” The answer in almost all cases is to [...]
As 2020 draws to a close, some year-end tax and savings strategies for your consideration.
Dear SWP Client, We want to provide you with some tax planning strategies as well as some savings tips for you to consider as 2020 comes to a close. AVOID UNEXPECTED TAX CONSEQUENCES Verify that [...]
The CARES Stimulus Act – An Overview
Amidst the volatility and uncertainty caused by the COVID-19 pandemic, our firm remains steadfast in our commitment to safeguard you and your families, strengthen your businesses, and preserve and enhance your estates. The passage of [...]