Your Life Simplified – An Introduction to the Family Office
What is a family office? The most famous family office, and the first to be formed, was opened by the Rockefeller family. Traditionally, a family office was formed by an affluent family to manage all their financial requirements and other personal needs. The family...
Bernath & Rosenberg Makes the List of Top 150 Firms by AUM from Accounting Today
Accounting Today has released their 12th annual ranking of firms by AUM (Assets Under Management). For the third year in a row, Bernath & Rosenberg has been named as one of the leading CPA firms in financial planning. The publication receives hundreds of...
IRS Throws Salt on SALT Workaround
IRS Proposed SALT Regulations Would Limit Effectiveness Of State Workarounds Beginning in 2018, the itemized deduction for state and local taxes (SALT) will be capped at $10,000. This is another significant change resulting from the Tax Cuts and Jobs Act (TCJA),...
Cyber-Security Tips for the Workplace
Tax Cuts and Jobs Act Enhances the Child Tax Credit
Child tax credit now higher, more widely available The Tax Cuts and Jobs Act (TCJA) of 2017 has been touted by its proponents as an across the board tax cut with specific benefits for “middle class families”. There is a long history of tax benefits for families with...
The Different Types of IRAs
This popular retirement savings vehicle comes in several varieties. What don’t you know? Many Americans know about Roth and traditional IRAs, but there are other types of Individual Retirement Arrangements. Here’s a quick look at all the different types of IRAs:...
Guarding Against Identity Theft
Take steps so criminals won’t take vital information from you. America is enduring a data breach epidemic. The latest annual study of the problem from Javelin Strategy & Research, a leading financial analytics research firm, says that 16.7 million people across...
Managing Money Well as a Couple
What are the keys in planning to grow wealthy together? When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed...
Do You Know Who Your Beneficiaries Are?
Why you should periodically review beneficiary designations. Your beneficiary choices may need to change with the times. When did you open your first IRA? When did you buy your life insurance policy? Are you still living in the same home and working at the same job as...
Adjusting Your Portfolio as You Age
As you approach retirement, it may be time to pay more attention to investment risk. If you are an experienced investor, you have probably fine-tuned your portfolio through the years in response to market cycles or in pursuit of a better return. As you approach or...
The Major 2018 Federal Tax Changes
Comparing the old rules with the new. The Tax Cuts and Jobs Act made dramatic changes to federal tax law. It is worth reviewing some of these changes as 2019 approaches and households and businesses refine their income tax strategies. Income tax brackets have changed....
Why Do People Put Off Saving for Retirement?
A lack of money is but one answer. Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the start of something big if they are...