Advisory & Consulting

What’s the Tax Impact of Owning a Vacation Home?

December 16, 2015

For the lucky ones who own a vacation home, it can be a place to relax and recharge with family and friends. However, it can also impact their taxes, especially if they rent the home to others when they’re not using it. This article explains the rules under various scenarios.

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Court Finds That Plan Document Trumps Beneficiary Designation Forms

December 1, 2015

Plan documents generally control all aspects of a qualified retirement plan. Whether the plan document invalidates the language in other forms, such as a written beneficiary designation form, can lead to confusion and conflict. This short article summarizes a recent decision by the U.S. Court of Appeals for the Ninth Circuit resolving just such a case.

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Are You Insured?

November 6, 2015

One of the most problematical areas of employee benefits litigation hinges on fiduciaries and their duties to plan participants and beneficiaries. For fiduciaries, the cost of defending themselves can be high, regardless of any fault. This article discusses how fiduciary liability insurance can assist you.

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Oops...My Family Chose the Wrong Successor

Oops…My Family Business Chose the Wrong Successor

March 10, 2015

Hopefully, your family business has chosen a great successor. But if you’re in the midst of training your successor — or even beginning to hand off the reins — and regretting your choice, how can you take a bad situation and turn it around? There are several options you might want to consider. Bring in…

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Long-term Care Insurance: Good or Bad?

Long-term Care Insurance: Good or Bad?

December 3, 2014

As the baby boomers head into their 60s and 70s, many of them might ask themselves — what will become of them in the future? Will they be able to maintain both their mental and physical abilities? One would hope so. But the truth is that many boomers will be in need of some type…

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The Roth 401(k) Plan

Are You Offering a Roth 401(k) Plan Option Yet?

November 26, 2014

In a Roth 401(k) plan, participants make after-tax contributions to a qualified plan and obtain tax-free distributions, provided the funds remain in the plan for a period of at least five years from the date of the initial Roth 401(k) plan contribution. Thus, while participants pay a tax on the income that was the origin…

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