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Thought Leaders in a World of Canned Content


CWG Insight Series: Is your old pension plan the best choice for retirement income or should you take matters into your own hands? Thumbnail

CWG Insight Series: Is your old pension plan the best choice for retirement income or should you take matters into your own hands?

For those who are lucky enough to have one, a pension plan can be a wonderful piece of the retirement income pie. For most there is not much thought involved with the pension plan decision; turn it on when you retire and select the option that continues 100% of the income for your spouse if you pass away. While that works just fine, you’re most likely leaving money on the table and you lack control of the asset. Let me explain why…

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CWG Insight Series: CARES ACT Provides Student Loan Payment Opportunity for Business Owners Thumbnail

CWG Insight Series: CARES ACT Provides Student Loan Payment Opportunity for Business Owners

When Congress passed the $2trillion CARES ACT emergency relief plan, most focused on the direct stimulus checks, unemployment benefits and Paycheck Protection Program (PPP) loans, which were all widely covered by the media. There are many other provisions that can be utilized, and today we’ll cover a planning opportunity for business owners who personally have student loans and/or whose employees do.

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CWG Insight Series: Are You Getting The Most Out Of Your Company Stock Plan Or Is The IRS? Thumbnail

CWG Insight Series: Are You Getting The Most Out Of Your Company Stock Plan Or Is The IRS?

What seems like daily, we help clients make important decisions regarding their company stock plans. If done correctly, the positive impact to your long-term goals is substantial. However, it takes careful planning to ensure you’re maximizing the benefit you receive while being cautious of the potential tax consequences. Most don’t understand how these plans work and they make poor decisions that minimize the benefit and maximize the taxes.

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CWG Insight Series: SECURE ACT Greatly Affects IRA Inheritance Planning Thumbnail

CWG Insight Series: SECURE ACT Greatly Affects IRA Inheritance Planning

The SECURE ACT has eliminated the “stretch” provision as an option for most non-spouse beneficiaries of inherited retirement accounts. Replacing the “stretch” IRA (or stretch 401k), in many instances, is a new 10-Year Rule, which requires that an inherited retirement account be emptied by the end of the 10th year after the year of death. Before we move on to how it works now and why this is such a big change, prior to the SECURE ACT, let’s review how this did, and still does work in some instances.

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