What You Need to Know About TOD Accounts

A relatively new option for clients, transfer on death (TOD) accounts offer a unique beneficiary feature. Unlike similar non-retirement accounts, TOD accounts allow investors’ assets to transfer directly to their designated beneficiaries when they pass away, circumventing the probate court process. The TOD registration, which is available for both individual and joint accounts, not only streamlines the account disbursement process, it also lets account holders rest assured that their beneficiaries will receive the intended amount of assets.

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Shifting Income & Tax

What is shifting income and tax liability?

Income shifting (also known as income splitting) may be defined as dividing income among taxpayers in a way that lowers the overall tax burden imposed on the income. Typically, income is shifted from higher bracket taxpayers to ones in lower tax brackets. Mathematically, you can describe the overall savings in tax as the present value of the difference between the tax that would be paid by the "donor" of the income over his or her lifetime, compared to the present value of the tax that will be paid by the recipient on the same income.

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Market Update for the Month Ending May 31, 2017

Positive month for markets as risks recede

The three major U.S. stock indices did well in May. The Dow Jones Industrial Average finished May with a 0.71-percent gain, and the S&P 500 Index rose 1.41 percent. Leading the pack was the Nasdaq, which was up 2.67 percent.

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Investor 360°® Mobile App Messaging

With the Messaging feature for Investor360°® Mobile, you can now securely send and receive messages to and from my office on the go. Just log in to the app, click the menu icon , and navigate to Messaging. Be sure that you are running the latest version of the Investor360° Mobile app to access all features.

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Health Savings Accounts: FAQ's

Thanks to their flexibility and tax benefits, health savings accounts (HSAs) are emerging as a popular savings method for covering current out-of-pocket health care costs, as well as qualified medical expenses in retirement. Changes in the health care marketplace, rising medical costs, and the tax advantages that accounts offer make them an attractive planning tool for many individuals covered by high-deductible health plans (HDHPs).

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