Posts by Ben Rickey
2020 COVID-19 Resource
Important Update Coronavirus Update We Are Prepared and Ready to Help. As the situation with the coronavirus (Covid-19) continues to develop, we want you to know that your team at Leonard Rickey Investment Advisors remains ready to help support you. In light of local health departments urging “social distancing,” we have implemented several measures of…
Read MoreCoronavirus Fears Hit Markets
Coronavirus worries officially enter the market as pessimism has shifted from the impact on China to the outbreak to other countries, like South Korea, Italy and Iran amongst others. The market contracted over 3% today (so far). It is important to note that, although uncomfortable, big drops are normal. S&P averages more than five 2% drops…
Read MoreQCD- Important news regarding tax preparation for 2018.
Important news regarding tax preparation for 2018 Did you make a Qualified Charitable Distribution (QCD) from your IRA in 2018? If you gifted to a qualified charity directly from your IRA in 2018 there are steps you need to take to make sure it gets reported properly on your taxes. You will receive a 1099R…
Read MoreTax Changes
This holiday season wouldn’t be complete without a quick discussion on the recent Tax Bill passage. The Tax Cuts and Jobs Act (TCJA) of 2017 promises something for everyone. For most individuals and couples, this bill is really just a tweak to the current system. For Businesses and Corporations, this is a major change. To…
Read MoreTime is Running out for the SIMPLE Retirement Option
Time is Running out for the SIMPLE Retirement Option Are you considering starting a retirement plan for your small business? Have under 100 people and want to make it easier to get them enrolled? Then you only have a couple of days left to establish your SIMPLE Retirement plan. They must be established by October…
Read MoreNAPFA Conference
Last year, I joined the National Association of Personal Financial Advisors (NAPFA). It is the country’s leading professional association of fee only financial advisors. It requires substantial continuing education as well as adherence to a Code of Ethics and a yearly attestation to a Fiduciary Oath. It has been a tremendous resource for our entire Firm. …
Read MoreLRIA becomes a member of NAPFA
There have been a lot of changes going on at Leonard Rickey Investment Advisors this summer. The one we are proudest of is our decision to become an Advisory Only Financial Planning firm. As part of this change, we have become members of the National Association of Personal Financial Advisors (NAPFA), an organization that represents…
Read MoreBrexit
Last week the United Kingdom (UK) voted to leave the European Union (EU), leading to Prime Minister David Cameron’s resignation and swift reactions in the financial markets. As a result of the political uncertainty, stocks, bonds and currencies reacted strongly. Financial markets had priced in the UK staying in the EU, so the vote took investors…
Read MoreIt’s Dad Time!
In honor of Father’s Day the team at Leonard Rickey collected wise words of wisdom from our Dads: “The best liked people in a room are the ones who talk about themselves the least.” – Kelli “Stay humble, help others, and always give something back” – Susan “No matter what, tell the truth. It’s much better to face the problem…
Read MoreWhere Your Durable Power of Attorney Won’t Work
You’ve seen a qualified attorney and drafted up a Durable Power of Attorney so your loved ones can act on your behalf if you become incapacitated or disabled. You think everything’s set. But is it? A DPOA is a widely recognized and useful legal document, but it may not work in every situation. Social Security…
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