Latest Posts

529 Plans

by Eric Nager on May 31, 2018

Tax Planning, College

Started in 1996, 529 plans provide tax incentives for those saving for post-secondary education. The plan allows funds saved to be used at any eligible education institution, which typically includes colleges, universities, vocational schools or any post-secondary educational institute that is currently eligible to participate in U.S. Department of Education student aid programs. Operating much like a 401(k) or IRA, funds deposited into a 529 plan are not taxed, either by the federal government or the state in which the participant resides.

A Summary of 2018 Tax Changes

by Eric Nager on May 14, 2018

Tax Planning

The Trump administration’s new tax reform bill was signed into law in December of 2017, representing the first major tax change in over 30 years. The changes are significant and are likely to affect nearly everyone in some measure; some positively, while others may find themselves with a higher tax bill in 2018. All of the changes represented in the new tax bill will be in effect through 2025.

Informed Donating

by Eric Nager on Apr 27, 2018

Family, Lifestyle

The U.S is considered the most generous country in the world, with two-thirds of Americans giving to charities annually. And this number continues to grow, with giving levels increasing every year since 2009.

In 2016, an estimated $390 billion was given to charity in the U.S. – an increase of 1.4 percent over 2015 totals, with individual giving accounting for 72 percent of all giving. Religious organizations led the list of recipients, receiving over 32 percent of individual donations, followed by Education, with 15 percent of donations, then Human Services, with 12 percent.

Business Owners’ Personal and Family Security Risks

by Eric Nager on Feb 28, 2018

Lifestyle, Risk Management

Accumulating wealth turns out to be a double-edged sword for business owners. It certainly has its privileges, but it also comes with additional risk exposures. In a 2011 Zogby survey, 92 percent of people with a high new worth indicated concerns over the possibility of home invasions, muggings, kidnapping, and even random street crimes. Not mentioned widely was the ever increasing risk of cyber crime, which can do serious financial, reputation and identity damage.