Beware of Draconian Penalties for Health Reimbursement Plans
As a business owner, do you offer employees a health reimbursement plan? Beware of what this option may cost you. We explain in this week’s Tax Tip.
As a business owner, do you offer employees a health reimbursement plan? Beware of what this option may cost you. We explain in this week’s Tax Tip.
Knowing the difference between nominal and real return may help you make decisions when investing your money. Learn more in this week’s Financial Tip.
Our experts discuss a case study on how investors can take advantage of the five-year rule on Roth conversions to access retirement funds before age 59 ½ and avoid an early withdrawal penalty.
The holiday-shortened week ended with the three major indices all closing above 2%. Tuesday stocks rallied for their biggest one-day gain in two weeks. The surge was the largest percentage and point gain since Aug. 26, when stocks roared back from a selloff caused by unease about slowing growth in China, the world’s second-biggest economy. Tuesday’s gains were knocked back by Wednesday’s decline. The Dow Jones Industrial Average declined 1.4%, despite rising nearly 172 points earlier in the day, following sharp gains in Asia and Europe after China’s finance ministry signaled that fiscal stimulus was on the way. Thursday’s action pushed nine of the ten S&P 500 sectors into positive territory with only Utilities lagging. Indices closed in the green zone on Friday, with Technology and Healthcare leading the day. The Producer Price Index held up better than expected in August as it was unchanged. Additionally, the University of Michigan consumer confidence index for September lost 6.2 points to 85.7. The September reading is well below the consensus estimate of 91.5 and is the third consecutive monthly decline, putting it at its lowest this year. Meanwhile, crude oil shed $1.29 to settle at $44.63 a barrel.
During a market decline, a guaranteed annuity may sound good, but it may not be the perfect investment. Read our article in today’s Marietta Daily Journal.
The Limited Liability Partnership structure can protect you from the negligence of a partner or employees. Read all about LLPs in this week’s Business Tip.
There is more than one way to evaluate your life insurance policy. We highlight six methods in this week’s Insurance Tip.
The September 15th tax deadline for Partnerships, S-corps and Trust extensions is right around the corner! We explain in this week’s Tax Tip.
Sometimes it makes sense to take taxable distributions from retirement plans while deferring Social Security benefits. We explain in this week’s Financial Tip.
In today’s Marietta Daily Journal, Bil Lako, CFP® discusses the recent market correction and investors who sold on the down days. Read the Article