As we enter the back-to-school season, many families are trying to navigate decisions around distance learning, in-person learning, and a hybrid approach from kindergarten all the way through college. The JNBA Financial Planning Committee has provided some reminders for parents and students as you prepare for the upcoming school year.   Estate Planning Documents Once… Read more »

Tax Strategies for Charitable Giving

As the COVID-19 pandemic continues to play out, it may be a good time to reassess your charitable giving plan to ensure you’re making the most of the recent changes to tax laws as you support the causes and organizations that are important to you. In the past, many taxpayers benefitted from deducting state and… Read more »

NEW 2019 Tax Filing Deadlines & Reminders

Over the last several days, the IRS has rolled out new deadlines and information for taxpayers in response to the COVID-19 pandemic.  Please see the updates regarding 2019 federal income tax return deadlines below. Federal Tax Filing and Payment Federal income tax return filing and payment deadlines for the 2019 tax year have been extended 90… Read more »

Protecting aging parents from financial exploitation

As our parents age, one of the many factors we need to consider as adult children is their finances and if they’re vulnerable to financial exploitation. After all, many cases of financial exploitation have a root cause in impaired decision-making abilities. Poor decision-making is a consequence of cognitive decline among seniors; even very subtle age-related… Read more »

2019 Tax Season Reminders

As we prepare for the upcoming tax season here are a few reminders. 1099 Delivery Reminders • Realized gain/loss (cost basis) and IRA distribution details are included on your 1099 tax documents coming directly from TD Ameritrade. Please provide your 1099s to your tax professional for preparing your 2019 tax return. • Clients who have… Read more »

Tips for the financial aid process

For many families with seniors in high school, this time of year is the beginning of college decision time! While it is an exciting time for the student, it can also be a large financial decision for the family. Whether you have kids heading to school next fall for the first time or kids currently… Read more »