Social Security – Timing is Everything

October 31st, 2017  | by Kim Garcia

While Social Security is not the primary source of retirement income for most Americans, it can serve as an inflation-protected annuity during retirement years. As such, it is important to understand the rules surrounding eligibility and the timing of initiation of benefits.  Prior to the passage of the Bipartisan Budget Act of 2015, married couples…

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Estate Planning for Family-Owned Farmland

September 21st, 2017  | by James Gilliland

Family farms, particularly in the Southeastern and Midwestern United States, are often maintained for generations. In many cases, these are one of or the dominant asset in the family. Family-owned farms and associated timberland are also a tradition for many private investors, which can be used for both commercial and recreational purposes. As the number of…

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ABLE Act Enhancements Being Considered

June 28th, 2017  | by Carter Davenport

The Achieving a Better Life Experience Act, better known as the ABLE Act, is potentially going to receive a face lift. The bill was passed in 2014 and allows family members and guardians to open up a tax-free savings account for children with disabilities under the age of 26 without losing any government benefits, i.e….

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So, You Want to Be a Banker?

May 25th, 2017  | by Michael Fisher

A Primer on Loans Between Friends and Family Members The Federal Reserve Board Survey of Consumer Finances estimates that loan transactions between friends and relatives amount to $89 billion per year in the United States. These loans play an important role in our economy and in the lives of the participants as the funds involved…

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New Report Highlights Potential Impact of Federal Tax Reform on Charitable Giving

May 19th, 2017  | by Michael Fisher

This is a follow up to our April 28th post regarding how the tax proposals of the Trump administration might impact charitable giving.  A new report issued by Independent Sector and the Indiana University Lilly Family School of Philanthropy provides valuable insight.  The report found that a combination of several tax reform proposals – including…

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