Category: Legislative Updates

Update on the CARES Act – Federal Stimulus Plan (Part 2)

On March 28, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed. This stimulus package covers a lot of ground and allocates more than $2 trillion to support both businesses and families as we continue to struggle through these unique and difficult times. Our summary of the support for small and medium size businesses, distributed in a prior email, can be found here . Part 2: Personal Finances It is important to understand how changes in legislation, rules, and... Read More
at Wednesday, April 8, 2020
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Update on the CARES Act – Federal Stimulus Plan (Part 1)

The COVID-19 pandemic has taken its toll on our country and the world. The outbreak has expanded dramatically inside the U.S. and across the globe. Each country is struggling with health and economic issues as a result. All of the resources in our country – from federal agencies to doctors, and nurses – are working hard to contain this outbreak. Many states and cities have either reactively or proactively shut down non-essential activities and implemented stay at home... Read More
at Wednesday, April 1, 2020
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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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Tax Cuts and Jobs Act – the Good, the Bad and the Ugly

On December 22nd the Tax Cut and Jobs Act became law and with it significant changes to how businesses and individuals will be taxed beginning in 2018. Usually when a tax bill passes we try to summarize all of the changes but in this case the changes are more than we can address in a single post, so I will address some of the big items and provide resources if you want to dive deeper. This tax reform is far from perfect. There are some good features and some bad ones. Below you will find our... Read More
at Monday, January 8, 2018
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DOL Issues Fiduciary Rule

On April 6th, the Department of Labor finalized a rule which has been years in the making. You may have seen provocative headlines such as: New Fiduciary Rule for Financial Advisors Prohibit Conflicts of Interest DOL Rule Forces Financial Advisors to Do What’s Best for Clients Investment Advice Just Got a Lot Safer Summary I’ll cut to the chase before I go into the details. The rule requires that investment advice given on tax deferred accounts (IRAs and others) be held to a... Read More
Posted by Jay Healy at Wednesday, May 4, 2016
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