Blog Financial Planning
Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating in it, you should be. Once you’re participating in a plan, try to take full advantage of it. Understand your employer-sponsored plan Before you can take advantage…
Leonard Rickey Investment Advisors will soon be asking for trusted contact information. Providing contact information is optional, but we suggest you consider adding 1-2 people to your accounts. We will send the request to you via email. Please contact us if you have any questions. What is a “Trusted Contact” A trusted contact is a person that…
The new year is here and so is 2021 Key Financial Data! Click here: Key Financial Data 2021 to download a summary of the updated limits and rules for the new tax year. Feel free to give us a call with any questions.
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as well…
The window for many tax-saving opportunities closes on December 31. It’s important to evaluate your tax situation, while there’s still time to affect your bottom line for the 2020 tax year. Your specific circumstances should be considered, so please reach out if you have any questions. Timing is Everything Consider any opportunities you have to…
With interest rates at all time lows, we are noticing an increase in refinance questions. Please contact your advisor if you have questions or would like to explore how a refinance may or may not fit into your financial plan. Why refinance your mortgage? There are a variety of reasons why you may want to…
Naming your Beneficiaries: Avoid the Pitfalls We get a lot of questions from people on naming beneficiaries to their accounts. While the paperwork is relatively straightforward, it is important to pay attention to a few key areas to avoid some common mistakes. Updating your will is not enough Your beneficiary designations trump your will. Even…
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…
It’s a brand new year and before you know it, it will be time to start working on your taxes. Whether you anticipate a refund coming and plan to file as soon as possible, or you’re going to wait until the last minute to delay paying a hefty tax bill, tax season always involves collecting necessary documents and…
Coronavirus Aid and Economic Security (CARES) Act Passes
The Coronavirus Aid and Economic Security (CARES) Act was signed into law on March 27th. While there are many details to work out in implementation, we wanted to run through a couple of the highlights with you. We start with a few of the provisions that apply to everyone, including the rebate checks. We follow…
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