By Christpher Whitaker, CFP, AIF ‘Tis the season! The tryptophan from overloading on turkey is finally wearing off, holiday decorations are getting lugged in from the garage and your annual planner is nearing the last page of the year. It also happens to be the season for some end-of-year tax planning! One of the most
By Benjamin Lau, Chief Investment Officer A little-known proposal in President Trump’s Tax Cuts and Jobs Act (TCJA) last year included a provision that seems extremely appealing for many investors. In an attempt to encourage new investments into underdeveloped areas of America, the government is offering substantial tax benefits. Seems too good to be true, right?
The pension rate for the ExxonMobil pension plan has been raised to 3.00%. For those clients born before the year 1958, you are grandfathered under the pre-2008 lump sum plan rules. Many of you also know this to be the ‘single rate’ pension calculation. We have also posted the pension rates for ExxonMobil retirees subject
Happy Holidays! As we continue to digest and analyze the details of the new Tax Law that recently passed, we wanted to forward along a great update from one of our business partners, Eddy Cheung, CPA at Legend Tax. TEN TAX TIPS Tax Tip #1 – Prepay February 2018 property tax and Q4 2017 state
By Jennifer Olson, CFA, CFP Senior Financial Analyst The Apriem Advisors team attended the Schwab IMPACT 2017 conference last week in Chicago and got to see some of the world’s greatest influencers in economics, politics, technology, philanthropy and entertainment. David Cameron, former prime minister of the United Kingdom, spoke about U.S. politics, regulation, immigration and
After the oldest American credit reporting agency, Equifax, revealed that a data breach affected over 143 million adults in the United States, it is clear we all need to be vigilant when protecting our personal information. Based on the press release from Equifax, the unauthorized access occurred from mid-May through July 2017. Even if someone
Money is an essential part of life, but the paradox is no one wants to talk about it. A study conducted by Wells Fargo revealed that personal finance (44%) was more difficult of a topic to discuss than death (38%), politics (35%), religion (32%), taxes (21%), and personal health (20%). One explanation for this phenomenon
Picture personal finance as a game of chess. We are all forced to play the game, and the problem is most people only know how to move the pawns! Only when you have all of the pieces working in unison do you have a powerful, winning strategy. Our habits move our pieces on the board,
Every year, millions of students and their families file a FAFSA (Free Application for Federal Student Aid). Colleges use this form to help determine how much a family can reasonably contribute financially and how much financial aid is provided to them. There are a couple of changes to this process this year. Starting with the
Here is Charles Schwab's schedule for your 2016 Form 1099 Composite and Year-End Summary. To help you quickly find the information you need, this page is organized by account type. Within each section, you’ll find an explanation of which form is required and when it is generally available. Corrected 1099 forms will
