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  • Giving to Charity for the Holidays, Even though It’s 2020

    Posted on December 3, 2020

    Chances are, between basting the turkey and watching the football during the holidays, you’ll find yourself giving to the causes and organizations you believe in. In the U.S., 30% of the year’s charitable giving is done in December, and 10% of the annual giving is just in those last three days of the year!

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  • Market Commentary: Dow and S&P Set Records, but Unemployment Still Rising

    Posted on November 30, 2020

    The economy seems poised to decelerate in coming weeks as data showed slowing economic improvement or outright reversals of the recovery. Income data was mixed. Disposable income fell 0.8% in October as government programs expired. Gains in employment pushed employee compensation up 0.7% as more people returned to work.

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  • Market Commentary: Rise in COVID-19 Cases Leads to Market Dip Before Holiday Shopping Season

    Posted on November 23, 2020

    Retail data were mixed last week. U.S. retail sales rose 0.3% in October and are now 5.7% higher than one year ago. But as Figure 1 shows, the increase was the smallest since the recovery began. Increased coronavirus cases in October likely pressured purchases lower and moved consumers online. Non-store retailers reported a 3.1% increase in sales.

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  • Market Commentary: Markets Respond Favorably to News of Second Vaccine’s Positive Results

    Posted on November 16, 2020

    Special Update A second COVID-19 vaccine announced very positive results in its initial trial. A biotechnology company announced Monday their COVID-19 vaccine was more than 94.5% effective. The study also showed there were few side effects observed in the vaccine trial. The effectiveness is very high and will likely give the world two vaccines to start protecting people in coming months.

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  • How the Election Results Could Impact Your Financial Plan

    Posted on November 16, 2020

    Join Jamie Hopkins, Director of Retirement Research at Carson, as he offers insight into Biden’s tax and retirement platforms. Click Here to Watch the Webinar

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  • How the Election Results Could Impact Your Financial Plan

    Posted on November 16, 2020

    How the Election Results Could Impact Your Financial Plan  After a tenuous political season, Joe Biden is positioned to be inaugurated as president in January.   Now what? What changes should you expect to your financial picture under a new administration? We put together a special webinar, “How the Election Results Could Impact Your Financial Plan,” to offer insight into Biden’s tax and retirement platforms.   The on-demand webinar goes over Biden’s plans for the country, including:   ‣   The future of Social Security ‣   Tax implications for those making $400,000 or more  ‣   Potential capital gains changes ‣   Estate planning ...read the full article

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  • How the Election Results Could Impact Your Financial Plan [Video]

    Posted on November 16, 2020

    How the Election Results Could Impact Your Financial Plan Election Day came and went, and though we’ve stepped away from the ballot box, we’re now preparing for a new administration to take office in 2021. Join us for an informative post-election webinar with Jamie Hopkins, Director of Retirement Research at Carson.   Don't let market volatility stop your financial plan. Schedule a meeting with an advisor today

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  • Market Commentary: COVID-19 Vaccine Shows Positive Results and Market Soars Even After Tight Election

    Posted on November 9, 2020

    Special Update The first COVID-19 vaccine to announce results reported very positive data early Monday morning. Two notable pharmaceutical and biotech companies announced on Monday their COVID-19 vaccine was more than 90% effective. The study also showed there were no side effects observed in the vaccine trial. The effectiveness is higher than many medical experts expected and represents a major step forward in efforts to contain the virus. News on other vaccine trials is expected in coming weeks and months.

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  • Calculating the Pro-Rata Rule

    Posted on November 6, 2020

    What is the pro-rata rule? The pro-rata rule is the formula used to determine how much of a distribution is taxable when the account owner holds both after-tax and pre-tax dollars in their IRA(s). For the purposes of the pro-rata rule, the IRS looks at all your SEP, SIMPLE, and Traditional IRAs as if they were one. Even if you have been making after-tax contributions to a separate account for years, and there have been no earnings, you cannot isolate your after-tax amounts and must take your other IRAs into consideration.

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  • Planning for Health Savings Account (HSA) Distributions

    Posted on November 6, 2020

    A Health Savings Account is a tax-advantaged medical savings account that helps people pay for qualified out-of-pocket medical expenses. What are the withdrawal rules for HSAs? Are there special considerations that must be taken into account?

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