Friday, June 7, 2019
Unfortunately, personal finance has not yet become a required subject in high school or college, so you might be fairly clueless about how to manage your money when you're out in the real world for the first time. To help you get...
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Thursday, June 6, 2019
At IIS Financial Services we encourage our clients to review their beneficiary's. To ensure you've named the correct beneficiary and provided the necessary information. you should perform a regular review.
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Monday, May 20, 2019
Q: What is a 529 plan?A: Named after Section 529 of the Internal Revenue Code, 529 plans are investment accounts used to pay for a beneficiary’s education expenses. 529 plans are sponsored by states (just about every state...
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Tuesday, May 7, 2019
A health savings account is a beneficial tool for retirement planning. Money deposited into an HSA is tax deductible. MILLIONS OF AMERICANS either have or are eligible for health savings accounts, but many fail to understand their...
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Wednesday, April 17, 2019
After suffering their worst quarterly decline in a decade to close out 2018, stocks bounced back in the first quarter of 2019 and erased most of their losses. But conditions remain shaky and caution is warranted.
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Tuesday, March 5, 2019
If you're a small business owner or sole proprietor, you may be one who manages it all: sales, marketing, customer service, billing, and quality control. Planning for retirement can get lost in the shuffle. Opening a SEP IRA is a...
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Tuesday, February 19, 2019
As tax filing season kicks into high gear, things are a little different this year since changes to the tax code implemented in 2018 will now become evident to taxpayers across the country when they go to file their returns prior to...
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Thursday, January 31, 2019
The debate over Roth vs. Traditional IRA accounts, and which one is better, comes down to two things, mostly: flexibility and taxes. Roth IRA's requires paying taxes up front but offer more flexibility later and may be the best option...
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Wednesday, November 28, 2018
As a Small Business Owner, do you qualify for the 20% tax deduction? It’s not too late for the 2018 calendar year to qualify for the full (20%) QBI or Qualified Business Income Deduction.
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Wednesday, November 14, 2018
At year end, it’s beneficial to review financial objectives in determining whether any last-minute action is warranted to help ensure you remain on track with your financial goals. Below are some of the more common planning...
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Thursday, November 8, 2018
On November 1, 2018 the Internal Revenue Service in Notice 2018-83 announced the cost-of-living adjustments that apply to dollar limits for retirement plans for the tax year beginning on January 1, 2019. As widely anticipated, due to...
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Monday, October 22, 2018
Each quarter, we like to review the factors that influenced the financial markets during the previous months of the calendar year and look ahead to what we can expect in the coming months. With so much attention on the recent market...
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Tuesday, September 18, 2018
Because September is Life Insurance Awareness Month, we are utilizing this month’s Financial Planning newsletter to answer 5 frequently asked Life Insurance Questions. Question #1: How often should I review my existing policies?...
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Thursday, July 12, 2018
At the beginning of each quarter, we like to review the factors that influenced the financial markets during the previous months of the calendar year and look ahead to what we can expect in the coming months. A look back at the 1st...
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Thursday, June 14, 2018
With the official start of summer almost upon us, it’s important to take time for a mid-year financial checkup that could yield rewards long after your vacation photos are buried deep in your Facebook feed. Personal and financial...
Read MoreAt the beginning of each quarter, we like to review the factors that influenced the financial markets during the previous quarter and look ahead to what we can expect in the coming months. Quarterly Update In 2017, domestic markets...
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Thursday, February 8, 2018
By now, you’ve most likely have read the deadlines, full of scary-sounding words like the rout and storm, plunge and crash. Whatever you want to call it, investors have certainly endured a rough time over the past few days. The...
Read MoreDear Friends, Colleagues, and Clients of IIS Financial Services, At the beginning of every year, we like to review the factors that influenced the financial markets during the previous year, look ahead to what we can expect this coming...
Read MoreThe holiday season is around the corner, and with the busy days ahead, 2018 will be here before you know it. Amidst all the action, we understand how easy it is to wait until the New Year to consider financial changes. But taking a few...
Read MoreMonday, October 9th marks the 10-year anniversary of the S&P 500's highest point before the Great Recession. While the ensuing decade has provided quite a rocky road for the markets at times, the recovery is undeniable.[1] In fact,...
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Friday, September 22, 2017
On Thursday, September 8, Equifax (one of the nation's three major credit reporting agencies) announced a cybersecurity incident that could potentially impact approximately 143 million U.S. consumers and almost half a million Mainers,...
Read MoreThe year is more than halfway over. Have you acted on all those financial resolutions that you set at the start of 2017? If not, there's still time to complete them and take other favorable actions. Here are some suggestions:
Read MoreFirst Half of 2017 Market Recap The S&P 500 and Dow Industrials both extended their quarterly gains to post their strongest first-half performances in since 2013. Technology (+17.23%) and Healthcare (+16.07%) led the six month broad...
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Thursday, June 15, 2017
No matter where you are in your life, saving for retirement is likely one of your most important financial goals. But, even if you have professional guidance and a clear strategy for your desired future, you could still be missing some...
Read MoreThe first quarter of 2017 is now behind us, and although we won't have complete economic data for a while, we do know that domestic stocks had a solid start to the year. Going forward in to the second quarter of 2017, we have many data...
Read MoreIt's that time of year again as 2016 tax returns need to be filed by April 18th. IIS Financial Services' 2016 and 2017 annual tax planning guides are located below. These free, two-page guides will provide you with quick access to the...
Read MoreDear Friends, Colleagues, and Clients of IIS Financial Services, Our team at IIS Financial Services hopes you're having a great start to 2017! At the beginning of every year, we like to review the factors that influenced the financial...
Read MoreThe holiday season is a time of year when many of us reflect on our lives. It's also a good time to reflect on your financial plan. We want to provide you with a checklist to review some items that may impact your overall financial...
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Monday, September 19, 2016
It’s all too easy to get caught up in ways to save for retirement, but it's also important to keep in mind ways to reduce costs during retirement. With the rising costs of health care and the unpredictability of your future...
Read MoreFor many Americans, the assets in their Individual Retirement Account represent a significant portion of the wealth they hope to leave to their loved ones. You may have heard that creating a trust and naming it as the beneficiary of...
Read MoreReview of Q1 and Start of Q2 2016 After a rocky start to the year, most stocks ended the first quarter slightly higher, which is remarkable considering the negative sentiment that caused stocks to selloff in the early weeks of 2016....
Read MoreSome CPAs may be too busy to do comprehensive tax projections as part of the tax-preparation appointment, but that should not preclude you from asking the following questions: 1. Will a life event or major purchase affect my taxes?...
Read More2016 Annual Newsletter: The Financial Markets and 2015 in Review Dear Friends, Colleagues, and Clients of IIS Financial Services, Now that 2015 is in the rear-view mirror, let's take a look at some of the factors that influenced...
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