At the very end of December 2019 Congress, with bipartisan support, signed into law the SECURE Act (The Setting Every Community Up for Retirement Enhancement Act of 2019). The SECURE Act represents the most significant changes to retirement policy legislation since the Pension Protection Act of 2006. Many of the changes are effective starting January…

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Ida May Fuller of Ludlow, Vermont, received the first monthly Social Security check on January 31, 1940.  She received $22.54, according to the Social Security Administration.  She was 65 years old at the time. She received benefits until she passed away at 100 years of age. Ida May Fuller worked for only three years under…

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Many of our clients are in the fortunate position to be providing an inheritance to their children and grandchildren. While there’s comfort in knowing you’ll ultimately be helping your loved ones financially, lifetime gifts can provide a psychological reward you’ll never experience if you wait until after you die to pass your money on. When…

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Having just survived another tax season, many tax filers will be on the hunt for any write-off or deduction that may help reduce their future tax liability. In the spirit of making lemonade out of lemons, many have used losses on capital assets to ease the tax burden. In that regard, I’m often asked if…

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