• News

  • LeKites Earns CFP® Certification

    PKS Investment Advisors LLC is pleased to announce that Gigi G. LeKites, has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and renewal requirements.  The CFP® marks identify those individuals who have met the rigorous experience and ethical ...

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    Important Changes for Individuals in the New Tax Law

    For individual taxpayers, the new tax law — commonly known as the Tax Cuts and Jobs Act (TCJA) — includes many expected changes, some unexpected ones and some that didn't make the final cut. Here are the most important things that individual taxpayers need to know about the TCJA, which was signed into law on December 22, 2017. Except where noted, these changes are effective for tax years ...

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    Equifax Data Breach: What Happened & How To Respond

    Equifax, one of the nation’s three major credit reporting agencies, recently reported a massive data breach. Are you among the 143 million U.S. consumers whose personal information was hacked? Here's how to find out — and how to help protect yourself against future breaches. What Went Wrong? On July 29, Equifax discovered that, starting in mid-May, criminals had exploited a vulnerability in a ...

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    Understand Your Social Security Retirement Benefits

    For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will become depleted in 2034, unless ...

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    Inheriting Money? Considerations for Handling It

    After receiving an inheritance, you need to determine how to incorporate those assets, whether stocks, bonds, real estate or some other asset, into your finances. Consider these points during the process: Determine what you will receive and when. Inheritances typically don't come in the form of one check. You're likely to receive the inheritance in pieces over a period of time. Work with the ...

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    Idea: Roth IRAs as an Estate Planning Tool

    Roth IRAs are a great tax saving tool. The reason: Investments held in a Roth IRA are allowed to build up federal-income-tax-free. Later on, you can take federal-income-tax-free withdrawals. Obviously, a zero tax rate is the best rate going. In addition to being great tax saving tools for retirement, Roth IRAs also provide tremendous estate planning advantages -- especially if you can get a large ...

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    Remember RMDs this Tax Season

    Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from your traditional IRAs, including any simplified employee pension (SEP) accounts and SIMPLE IRAs that you set up as a small business owner? These mandatory IRA payouts are called required minimum distributions (RMDs). And there's a stiff penalty if you fail to take timely distributions. Unfortunately,...

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    Please Join Us In Welcoming Steven M. James

    PKS Investment Advisors LLC is pleased to announce Steven M. James has joined the firm as an Investment Advisor Associate in our Salisbury, MD office. Steven brings a strong skill set consisting of client service and communication, trade recommendations and execution, and retirement plans knowledge from his previous work experience at the Baltimore-based investment management firm T. Rowe Price ...

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    Catch-Up Contributions

    Only 18 percent of individuals 55 and older say they are "very confident" they will have enough money to live comfortably throughout their retirement years. At the same time, 24% were not at all confident.1  In 2001, Congress passed a law that can help older workers make up for lost time.  But few may understand how this generous offer can add up over time.2  The "catch-up" provision allow ...

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    Consider State Taxes When Deciding Where to Live in Retirement

    When you retire, you may consider moving to another state — say, for the weather or to be closer to loved ones. State taxes also may factor into the equation. Here's what you need to know about establishing residency for state tax purposes — and why the process may be more complicated than it initially appears to be. Identify and Quantify All Applicable Taxes It may seem like a no-brainer to ...

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