Financial Planning & Wealth Management

IRS Announces New Relief for Late Rollovers

The IRS has released new guidance to help taxpayers avoid taxes and penalties for late rollovers of distributions from employer-sponsored retirement plans and individual retirement accounts (IRAs). Ordinarily, such rollovers must be completed within 60 days to be considered valid. The new guidance establishes a process for taxpayers who miss...

SEP and SIMPLE IRA Plans –

Avoiding Common Errors The IRS recently identified a number of common errors seen in two of the most popular retirement plans used by small businesses — the SEP plan and the SIMPLE IRA plan. General Rules for SEPs With a SEP (Simplified Employee Pension) plan, employers establish individual retirement accounts...

Not All Bequests Are Created Equal

The National Philanthropic Trust estimates that upwards of $27.4 trillion in charitable bequests will be made in the U.S. through 2052. In fact, interest in planned giving has grown in the wake of the Great Recession. Donors have found that committing future gifts from their estate allows them to support...

Attention Massachusetts Businesses

If you are a corporation or business entity taxable as a corporation, April 1, 2016 is the deadline to certify your tax status in order to qualify for local personal property tax exemptions according to the Department of Revenue (DOR). The certification is required for federal and state tax purposes...

Tax Scam Notification

The Rhode Island Division of Taxation has cautioned Rhode Island businesses owners about a scam in which individuals claim to be collections agents of the Rhode Island Division of Taxation and request immediate payment. Please note that the Division of Taxation does not request cash or other payment by businesses...

2016 Stock Market Turmoil – What to Watch & What to Do

- by Matthew M. Neyland, CFA, CAIA, Director of Investments, SK Wealth Management, LLC Most investors have been caught by surprise by the negative and very volatile start to 2016. The strong performance of a few stocks over the last 12 months has masked overall weakness that has persisted in...

Divorce Workshops Sponsored by SKWealth

Nationally Acclaimed Divorce Workshops Launching Inspired by the Women’s Institute for Financial Education (WIFE.org), Local Financial Experts, Attorneys and Divorce Therapists Unite in Helping Women Navigate the Challenges of “Untying the Knot” When WIFE.org co-founders and KPBS Local Heroes Candace Bahr and Ginita Wall founded “Second Saturday Divorce Workshops”...

Social Security Changes: What You Need to Know

For married couples, the ability to coordinate Social Security claiming strategies can boost lifetime benefits. This ability to coordinate benefits is going away this spring as a result of the Bipartisan Budget Act of 2015. The file and suspend strategy allows a wage earner who is at full...