Financial Planning Services
Posted: November 6, 2019
Employees in 401(k) plans will be able to contribute up to $19,500 next year. The guidance also provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020.
Posted: October 28, 2019
Among other things, these reporting requirements are designed to help people who sell life insurance contracts properly report any gain from that sale.
Posted: October 11, 2019
Clients of accountants and attorneys are bound to ask questions about new SEC regulations that affect their relationships with their financial advisers. To prepare you, here’s the background, along with questions you may be asked.
Posted: October 7, 2019
This article from The Tax Adviser examines developments in estate, gift, and generation-skipping transfer (GST) tax and fiduciary income tax and discusses trusts, GST tax, and inflation adjustments for 2019.
Posted: August 1, 2019
At its most basic level, upstream gifting is performed as follows: a client makes a gift to his grandmother of an appreciated asset, and she bequeaths it to him under her will. This ultimately eliminates the built-in gain.
Posted: July 19, 2019
Affording retirement is the most significant financial concern of New Jersey residents. That’s the key finding from the recent Kearny Bank Personal Finances Poll.