by Shauna Newton | Nov 21, 2023 | Blog
Since the 2017 Tax Cuts and Jobs Act, the lifetime estate and gift tax exemption has been historically high – $12.92 million for individuals and $25.84 million for couples. Without congressional action, the estate tax exemption is currently scheduled to expire...
by Shauna Newton | Nov 3, 2023 | Blog
Employer Retirement Plans can be excellent vehicles to help save for retirement. Money is typically invested on a pre-tax basis and then grows on a tax-deferred basis. Employers often provide a matching contribution for employee 401(k) contributions up to a certain...
by Shauna Newton | Oct 4, 2023 | Blog, Giving
As we move into the last quarter of 2023 and the season of giving, it seems a good time to discuss charitable giving. Long-term giving plans, as opposed to spontaneous and sporadic gifts, provide many important advantages: more intentional giving, greater impact on...
by Great Plains | Jun 10, 2022 | Blog, Retirement
“Accelerated retirements,” are on the rise and have caused a major shift to the long-running trend of working beyond 65. One reason for this trend is jobs lost during the pandemic. Many who lost jobs either elected to or were forced to retire early due to undue...
by Great Plains | Jun 9, 2022 | Blog, Charitable Giving, IRA, Tax
As Congress continues to debate tax proposals within the Build Back Better bill, many high-net-worth individuals have questions about how to plan for anticipated changes to their tax liability. Regardless of the legislative outcome, here are some annual considerations...
by Great Plains | Jun 3, 2022 | Blog, IRA, Tax
One proposed piece of the Build Back Better legislation, which failed to pass in the Senate in 2021, is closing the financial planning loophole known as the “Backdoor Roth IRA.” A Backdoor Roth IRA is a nickname for a strategy that allows you to invest in a Roth IRA...
