By ACM Wealth ACM Wealth Administrator Congress will have the opportunity to press forward with their proposed changes to the tax laws. This could potentially be the first major tax hike since 1993. Such changes would likely come into effect in 2022, but there remains the possibility that some could be made retroactive to earlier...Read More

Taxes, Taxes, Taxes Do you remember your first job? Mine was at CVS, stocking shelves at first and eventually as a cashier. I remember coming home with my first pay check, absolutely beaming. I opened it with my father, and promptly asked “what the heck is FICA and why is it taking all of my...Read More

HELP MY TAXES ARE GOING UP!!! President-elect Biden has been inaugurated and gets a name change. Now he is simply President Biden, and with that comes with it more questions than answers. The major question I keep hearing is more of a statement……” help my taxes are going up!!!” Two weeks ago, I broke down...Read More

by Dr. JoAnne Feeney Portfolio Manager Tax-loss harvesting, holiday shopping trends, and 2020 market outlooks take center stage for investors this time of the year. Don’t neglect the first, keep track of the second, and ignore the third. This year, the tax-loss harvesting is a bit more challenging, given the S&P 500’s 25% rise year-to-date....Read More

by Joseph Pecoraro When is the deadline? The deadline for a contribution to a 2019 traditional or Roth IRA is the same as the tax-filing deadline—April 15.   If you wait until April 15 to make the contribution, you can also make a contribution for 2020 at the same time or wait until this time next year....Read More

by Jeff Deiss CFP, AEP, Wealth Advisor It’s that time of year when Medicare beneficiaries receive a barrage of television ads and mail regarding the fall annual election period (AEP).   Many aren’t sure whether the election period applies to them or if they need to take any action.  AEP runs from October 15 to December 7 each...Read More

When it comes to filing your tax return, you put in the time and effort to complete every form accurately and according to the instructions. But even if you do everything by the book, a tax identity thief may still file a fraudulent return in your name. Unfortunately, this happens all too often. In fact,...Read More

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created for the bliss of souls like mine. I am so happy, my dear friend, so absorbed in...Read More

ABLE accounts, also known as 529A or 529 ABLE accounts, were established as part of the Achieving a Better Life Experience Act of 2014. This act created these tax-advantaged accounts for people with disabilities under section 529A of the Internal Revenue Code. But who is eligible to establish an ABLE account, and what are the...Read More