Category: Commentary

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MBJ Guest Column: What Does the $1.4 Trillion Spending Deal Mean for Investors?

To stave off a looming government shutdown, the House and Senate recently reached an agreement on a set of 12 spending bills. The legislation brings forth a series of changes, including raising the age to make tobacco purchases to 21, boosting funding for the census, and stabilizing pensions for miners. Part of the year-end agreement includes the Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act. This bill includes significant changes aimed... Read More
at Tuesday, February 18, 2020
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MBJ Table of Experts: A Conversation on Family-Owned Businesses

Joanna Crangle/MBJ : Based on experience in your industries, how do the needs of family-owned businesses differ from your traditional business clients?  Jay Healy : The net worth of a family that owns a business is often high but concentrated. That means that they need a different set of planning strategies than non-business owners who are generally saving for retirement and getting traditional financial planning advice. We often say to business owners: You may have $1 million in... Read More
at Tuesday, October 15, 2019
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Thoughts on Disability Insurance

Insuring against the unexpected is a vital element of any financial plan. For the most part, individuals are familiar with life insurance and health insurance policies, but take little action to protect their greatest asset—their ability to earn an income. Disability insurance hedges against this risk by providing income replacement should illness or injury jeopardize the physical capability to work. It’s easy to disregard the need for disability insurance if you don’t have... Read More
at Tuesday, June 4, 2019
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Managing Your Tax Liability

No Refund + No Payment = You’re Doing Something Right:  Managing Your Tax Liability The Trump administration enacted some major tax laws last year that taxpayers are starting to feel in diminished income tax refunds or higher payments in 2019. Essentially, the Tax Cuts and Jobs Act cut rates for taxpayers of every tax bracket, but also eliminated a great deal of deductions. This meant that most taxpayers had less tax withheld in 2018, slightly inflating their paychecks... Read More
at Wednesday, April 10, 2019
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Benefits of a Health Savings Account

Could a Health Savings Account Be Right for You? Since their inception in 2003, the popularity of Health Savings Accounts (HSAs) has been on the rise. For years it was the lesser known of the tax-advantaged retirement saving options, but more and more Americans are taking advantage of the opportunities HSAs afford to (1) reduce taxable income, (2) pay medical expenses with pre-tax money, and (3) increase savings for retirement. What is a Health Savings Account? Health Savings... Read More
at Tuesday, February 5, 2019
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