Late last year, the IRS announced a delay in the application of proposed regulations interpreting certain changes to the required minimum distribution (RMD) rules made by the SECURE 2.0 Act of 2022. The IRS originally said the proposed regulations would take effect in 2025 to align with the implementation of other regulations governing RMDs for […]
Read MoreMonth: January 2025
How to Help Protect Yourself Against Identity Theft
Massive computer hacks and data breaches are now common occurrences — an unfortunate consequence of living in a digital world. Once identity thieves have your information, they can use it to gain access to your bank and credit-card accounts, make unauthorized transactions in your name, and subsequently ruin your credit. Now more than ever, it’s […]
Read MoreThe Markets (as of market close January 24, 2025)
Wall Street closed up last week as investors considered the bevy of executive orders issued by President-elect Donald Trump during his first week in office. Each of the benchmark indexes listed here ended the week higher, led by the Global Dow and the Dow. Communication services, health care, and industrials outperformed among the market sectors, […]
Read MoreWhy Work with a “Corporate Fiduciary”?
Dear Trust Officer, I understand that you are a “corporate fiduciary.” What is that exactly? Aren’t you just a different flavor of stockbroker or financial planner? — Shopping for Advice Dear Shopping for Advice, “Fiduciary” is a legal term that describes the duties that one party owes to another in a business relationship. A fiduciary […]
Read MoreThe Markets (as of market close January 17, 2025)
Stocks closed higher last week, despite a few shaky days. Each of the benchmark indexes listed here posted gains, led by the Russell 2000 and the Dow. Consumer discretionary stocks outperformed along with energy, financials, materials, and industrials. Investor sentiment improved following favorable inflation data and solid earnings from major banks. Crude oil prices increased […]
Read MoreIRS Releases Standard Mileage Rates for 2025
The IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business purposes for 2025. However, the standard mileage rates for medical and moving expense purposes remain the same for 2025. The standard mileage rate for computing the deductible costs of operating an automobile for charitable purposes […]
Read MoreThe Markets (as of market close January 10, 2025)
Stocks fell sharply last week as favorable economic data furthered sentiment that the Federal Reserve would keep interest rates elevated for a longer period of time this year. Each of the benchmark indexes lost value with only energy and health care advancing, while the remaining market sectors ended the week in the red. Crude oil […]
Read MoreThe Markets (as of market close January 3, 2025)
A rise in values last Friday wasn’t enough to prevent stocks from closing generally lower last week. Each of the benchmark indexes declined to start the new year, with the exception of the Russell 2000. Among the market sectors, only energy, utilities, real estate, and health care advanced, while consumer discretionary fell the furthest. Ten-year […]
Read MoreIRA Amendments
Most Recent Amendments for ALL IRA types are available here.
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