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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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    Norberg Joins PKS Investment Advisors LLC

    PKS Investment Advisors LLC is pleased to announce Eric A. Norberg, CPA, CFA, CFP® has joined the firm as an Investment Advisor in our Lewes, DE office. Eric received his undergraduate degree from the University of Maryland, and his Masters of Science degree in Taxation from Georgetown University. He is a Certified Public Accountant, Chartered Financial Analyst and Certified Financial Planner®. ...

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    Presidential Elections and the Stock Market

    Long-Term Investing: Bulls & Bears ≠ Donkeys & Elephants Predictions about presidential elections and the stock market often focus on which party or candidate will be “better for the market” over the long run. The graph below shows the growth of one dollar invested in the S&P 500 Index over nine decades and 15 presidencies (from Coolidge to Obama). This data does not suggest an ...

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    Long-Term Care Partnership Policies

    What are long-term care Partnership policies? The high cost of long-term care has placed a financial burden on individuals and state Medicaid programs. As the number of older Americans grows, the strain is likely to worsen, and containing Medicaid costs has become a priority for states and the federal government. To encourage more individuals to purchase long-term care insurance, many states have ...

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    Saving for a Sunny Day

    Planning ahead for large short-term expenditures, such as a vacation or new car, can prevent anxiety and save on finance charges. The first step to meeting your short-term savings goals is to establish a systematic savings routine. A variety of automatic savings plans are available through banks and may be offered by your employer. The next step is to select an appropriate investment vehicle. Some...

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    Brexit — Our Perspective

    Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event — projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home. Many questions immediately arise as we pay close attention to how the event will play out...

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