Women, Money, & Power in Retirement

Women investors face several challenges to helping build wealth and helping secure their financial futures, and should take an active role in their financial future, long-term goals, and financial health. Women investors face several challenges to helping build wealth and helping secure their financial futures, and should take an active role in their financial future, long-term goals, and financial health. Ideally, women should take time to acknowledge and explore these challenges with their families and trusted financial professionals. READ MORE

Why You Still Need Goal-Based Planning in Retirement

Before you retired, you may have spent time developing strategies to help you reach your retirement goals. You might have invested for the income you would need, minimized your debt, or protected yourself with long-term-care insurance. By focusing on your financial goals and envisioning the lifestyle you wanted for that next stage in life, you were able to build a path toward retirement. Now that you are retired, you are no longer setting long-range goals because you’ve likely reached your destination, right? Not quite. READ MORE

Important Topics for Older Parents to Discuss with Their Adult Children

How do you talk to your adult children about your financial plans and future health-care needs? Both you and your children may view this type of discussion as uncomfortable, awkward, or even confusing. It can be difficult, but putting it off only makes matters more complicated later. READ MORE

Upcoming Events!

August 7th- Social Security LEARN MORE
August 8th- Health Care Costs in Retirement LEARN MORE
August 21st- Women & Power LEARN MORE
August 23rd- The New Tax Bill, RMDs, & the Effect on Social Security Workshop  LEARN MORE

New Resources for You!

As an educator contemplating the transition from work to retirement,we understand that you may have several questions about when and how you can retire. This report addresses some common questions and offers strategies to help you plan for a comfortable retirementDOWNLOAD HERE




Learn about changes implemented in 2018, tips on when to take social security, and tips on how to turn social security into a crucial part of your retirement income. Learn about how your Social Security is calculated, how it is taxed, and how to remain working and collect social security. DOWNLOAD HERE




As a business owner, you face unique challenges and opportunities when building yourfinancial future. This special report provides insights on mistakes to avoid and steps to take for building the retirement you desire—while managing your myriad responsibilities. DOWNLOAD HERE



“Our success in life is more typically a reflection of how we respond to the things that happen to us.”

—   Weldon Long

Tax Act May Affect Small Business Depreciation Deduction*

The passage late last year of the Tax Cuts and Jobs Act may lessen the tax load on small business by expanding deduction allowances, the IRS states. Tax deductions on depreciation increased, which means small business owners may see their taxes decline. Businesses are allowed to depreciate “tangible property except land, including buildings, machinery, vehicles, furniture and equipment.”

Highlights include:

  • The act increases the number of items businesses may list as expenses, which includes the cost of any business property. Businesses may deduct the property in the year it is put in service.
  • The maximum deduction rose from $500,000 to $1 million.
  • The phase-out threshold went from $2 million to $2.5 million.
  • Taxpayers may choose to include improvements made to nonresidential property. The improvements must have been made after the property was initially put in service.

The improvements apply to:

o   A building’s interior

o   A roof

o   Heating and air conditioning systems

o   Fire protection systems

o   Alarm and security systems

These improvements do not qualify:

o   Building enlargement

o   Elevator or escalator service

o   The building’s internal structure framework

These changes apply on property put into use after December 31, 2017.

Other details may apply, and you can find more information on the IRS website.

*This information is not intended to be a substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax advisor.

Tip adapted from the IRS.gov[i]

[i] https://www.irs.gov/newsroom/tax-reform-changes-to-depreciation-affect-businesses-now

Have a great August!