Be Aware of IRS Tax Scams

As we welcome in a new year and many changes, we need to remain diligent of new tax scams pertaining to identity theft and refund fraud.  This is one reason NY State is now requiring your driver’s license number to file your State return. The IRS recently issued...

New Jersey Gas Tax Hike and Impact to Estate and IncomeTax

Governor Christie struck a deal with Democratic leaders of the New Jersey legislature on October 14 that will raised the gas tax but has corresponding sales, estate and income tax cuts to be phased in over the years.  Below is a synopsis: Increase the gas tax by $0.23...

Financial Planning Tips for the Fall

As Labor Day approaches, kids head back to school and football season kicks off, it is an essential time to get your finances in shape before year-end.  Implementing the following ideas can save you money and alleviate stress.  Think of it as Fall cleaning for the...

Charitable Giving & Tax Planning

There are many ways to share your wealth. Following IRS rules can even give you a nice reduction in your annual tax bill. Tax planning allows you to give more to your favorite charity and maximize tax deductions. Cash/Check donations – always remember to keep...

Don’t Leave 401K Matching On the Table

We encourage clients to max out workplace retirement accounts when possible (401k limit is $18,000 annually, or $24,000 age 50+).  At a minimum, contribute as much as your employer will match; its free money! The employer matching is often structured as $.50 cents for...

10 Factors for Financial Success

Today, as a society we tend to view financial success in rather cut and dry ways.  A few things we tend to get hung up on when we try to achieve financial success include: a big house, fancy cars, flashy jewelry, or the highest paying job.  Are these the things that...

Professional Advisors Win with DoL Fiduciary Rule

The recent announcement by the Department of Labor (DoL) establishing a Fiduciary Standard for retirement accounts is a watershed moment for consumers and professional advisors.  The rule is a principles-based standard requiring advisors advising on retirement...

Industry Needs to Rid Itself of Misleading Labels

Profound misrepresentation is just one of the many ways the financial services field misleads customers with language. Language matters. Most financial services practitioners call themselves financial planners or financial advisers. But in reality, many, if not most,...