How Safe Is Your Financial & Estate Plan After the SECURE Act?

The Setting Every Community Up for Retirement Enhancement Act of 2019 a/k/a the “SECURE Act” made sweeping changes to expand retirement savings options.1 That’s the good news. The bad news is that it also completely gutted the concept of the ‘stretch IRA’ for beneficiaries of IRAs and similar retirement plans. Under the pre-SECURE Act tax [...]

Municipal Bond Funds May be Undervalued

In our opinion municipal bond closed-end funds (CEF’s) are well positioned for price appreciation in the future. We started a rebound in price on the first trading days of 2019 (source: Bloomberg). However, it is our opinion that these shares are still significantly undervalued. Our research indicates three reasons that we believe substantiates this belief, [...]

529 Plans Just Got A Whole Lot Better

There has been quite a bit of hoopla surrounding the passage of the 2017 Tax Cuts & Jobs Act, often highlighting the huge change in the personal exemption, in effect doubling it to $10.98 million against gift, estate and generation skipping taxes. The large corporate taxes reduction has also created some buzz. This article will [...]

A Year-End Opportunity in Municipal Bonds

There appears to be a perfect storm on the horizon that could produce a buying opportunity in the municipal bond market. This storm won’t be spurred by the likely increase in the fed funds rate or a concern of default. Rather, the perfect storm I’m referring to could be created by Congress itself. Buried in [...]