Arrests Made in IRS Phone Scam

As reported by numerous news outlets, 70 call-center workers were arrested just outside of Mumbai, India for posing as the IRS over the phone and demanding payment for bogus fees and charges. This group made almost $150,000 US dollars a day in just one of many IRS-related phone scams out there. We want to remind…

Brexit Strategy

  Looking back a week after the unexpected vote by Great Britain to exit the European Union, it is easy to observe the great uncertainty that vote caused, both politically and economically. With it, there was global market volatility as well. The US stock market (as measured here by the DJIA) went down nearly 5%…

The Fiduciary Rule

The US government is doing something positive for retirement investors. The Department of Labor is putting out a new rule for financial advisors who provide investment advice on retirement investments:  they have to act in the best financial interest of the client and they have to disclose any conflicts they may have. This is called…

IRA Charitable Rollover signed into law

On December 18, 2015, President Obama signed the PATH Act  of 2015  (Protecting Americans From Tax Hikes) that permanently extends the IRA charitable rollover opportunity. Each IRA owner age 70.5 and over may make a tax-free gift of up to $100,000 per year directly from their IRA to eligible/qualified charities, including colleges, universities, and independent…

IRA Charitable Rollover extended to 12/31/14

On December 16th, Congress passed a bill that included an extension for the IRA Charitable Rollover. This provision expired at the end of 2013 but has now been extended to December 31st, 2014, retroactive to January 1st, 2014. The IRA Charitable Rollover allows individual taxpayers older than 70½ years to donate up to $100,000 to…