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(800) 395-5200
or
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Contact our Self-Directed Experts. Schedule A Call or Leave A Message
Contact our Self-Directed Experts.
Schedule A Call
or
Leave a Message
Questions? Text us at (845) 253-9306.
Retirement legislation has often been characterized as being confusing and without obvious benefits. However, the IRS and the government at large has begun making a move towards more taxpayer friendly laws and clear communications. In late 2019, the SECURE Act was passed. This was a series of retirement law reboots that sought to make retirement planning more workable for the [...]
Last week we started a discussion about the Taxpayer’s Bill of Rights. This is an official IRS document that outlines what taxpayers can expect in the way of fair treatment. The first half of the list focused on elements of the product and the system. Now we’ll jump into the second half of the list which covers some more fundamental rights, as well as one that functions as an obvious olive branch.
Tax code can be confusing but that shouldn’t stop you from getting the maximum benefit. Let’s break down a recent tax change involving the new Solo 401(k) deadline and clarify what it means for you. (If you happen to enjoy tax law in all of its glorious complexity, you can check out the original Congressional bill here. Pay particular attention to Sec. 201.) Two Types of Solo 401(k) Contributions The Solo 401(k) [...]
As you continue to see headlines and articles about a potential upcoming recession, your preparation for this scenario becomes that much more paramount. You saw how it worked out for those who were exclusively tied up in the stock market back in 2008. The damage done to thousands of retirement accounts was catastrophic, [...]
The sky, I mean, the Dow is falling. After dropping by 800 points yesterday (the fourth largest single-day drop on record), The Dow Jones Industrial Average is igniting early signs of panic for investors. The gravest warning sign amid the carnage yesterday came from the inverted yield curve in the bond markets. This [...]
The Summer of Crypto continues. With the recent announcement of a partnership between MoneyGram and Ripple, crypotcurrency's momentum has not only been maintained, but accelerated. In the immediate aftermath of the news, MoneyGram's stock leaped by 168%, causing some to draw parallels between this and the bitcoin boom of late 2017. "Hype" always carries [...]
By Jacob MarkowitzWe’re all guilty of it at one point or another – that moment where we completely change our stance on something we adamantly believed previously (for me, I appropriately ate my words after initially disliking sushi). JP Morgan CEO Jamie Dimon recently had one such change of stance which may very well have [...]
By Jacob Markowitz Diversity. It’s the term we at Broad Financial have been preaching over and over again, and we’ll continue to do so until we’re red in the face and our voices give out. Once again, we were recently shown why it is so imperative to not put our faith solely in the stock [...]
By Jacob Markowitz 2018 provided no shortage of memorable moments. Facebook took hit after hit for its handling of user data, a Royal Wedding took place in England, there was an historic nuclear summit in North Korea, a Mars Rover took the Red Planet’s first Selfie, and a Supreme Court nomination process gripped the [...]
By Jacob Markowitz According to a Gallup poll conducted in October, American adults will spend an average of $885 on gifts this holiday season (roughly the same price of the world’s most expensive cupcake sold in 2014 – just saying). We imagine many of you have already gone to the mall and picked [...]
