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  • 5 Ways Financial Advisors Can Help Start-Ups Succeed

    Every business starts with a "seed" idea that germinates into a fledging business under the right conditions. The decisions that owners make when launching a start-up will impact its financial well-being for years to come. Here are five ways financial advisors can provide critical guidance at this phase of development: 1. Business Planning You'll need money to start a business. However, gaining ...

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    Take Note of the Distinctive Features of a Roth IRA

    For certain individuals, Roth IRAs can offer income and estate tax benefits that are preferable to those offered by traditional IRAs. However, it's important to take note of just what the distinctive features of a Roth IRA are before making the choice. Traditional vs. Roth The biggest difference between traditional and Roth IRAs is how taxes affect contributions and distributions. Contributions ...

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    Year-End Tax Planning Tips for Individuals

    As the holidays approach, it's time to consider tax planning moves that will help lower this year's tax bill, as well as set you up for tax savings in future years. The good news is that it appears there won't be any significant unfavorable federal tax changes that will take effect next year. Assuming that's an accurate prediction, here are seven year-end tax planning ideas for you to consider. 1....

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    On October 30, 2023, we hosted an informational webinar on the latest tax issues, year-end planning opportunities, an overview of recent legislation, and details on how the SECURE Act 2.0 will change retirement. Click below to watch the full recording.

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    The IRS Has Announced Increased Retirement Plan Benefits for 2024

    With the 2024 tax year right around the corner, there's good news coming from the IRS. According to a recent announcement from the tax agency (Notice 2023-75), there will be increases to retirement plan contributions next year due to inflation adjustments. Here's a rundown of some of the changes: Contributions to 401(k) and 403(b) Plans. Taxpayers will be able to contribute up to $23,000 in 2024, ...

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    Webinar: Medicare 101 - Your Questions Answered

    On September 27, 2023, we hosted an informational webinar about Medicare. Watch this video hear insights on topics such as: What Medicare is, who is eligible for it, and how you get it.  The two ways to have Medicare - and how to choose.  What Medicare costs, and how to mitigate those costs through private insurance.  How to start planning for future healthcare costs. Click below to watch the...

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    Update on New Retirement Account Catch-Up Contribution Rules

    The Setting Every Community Up for Retirement Enhancement (SECURE) Act brought numerous changes to the retirement and estate planning landscape in late 2019. Congress followed up with the SECURE 2.0 Act in late 2022. This law introduced some additional taxpayer-friendly changes, including an increase in the limits for retirement account catch-up contributions for individuals who are age 50 or ...

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    Please Join Us In Welcoming Kyle M. Banks

    PKS Investment Advisors LLC is pleased to announce Kyle M. Banks has joined the firm as an Associate Advisor in our Salisbury, MD office. Kyle brings a strong skill set consisting of client service and communication, and trade recommendations and execution from his previous work experience at the Baltimore-based global financial services firm Morgan Stanley where he served as a Finance Director ...

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    Estate Tax Planning Tips for Married Couples

    For married people with large estates, the Tax Cuts and Jobs Act (TCJA) brings welcome relief from federal estate and gift taxes, as well as the generation-skipping transfer (GST) tax. Here's what you need to know and how to take advantage of the favorable changes. Estate and Gift Tax Basics The TCJA sets the unified federal estate and gift tax exemption at $12.92 million per person for 2023 (up ...

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