Archive for September 2018

DHJJ Financial Advisors Promotes Kathy Byrne to Principal

Kathy Byrne

For Immediate Release Byrne offers investment management, financial planning, and retirement plan services NAPERVILLE, IL – September 28, 2018 – DHJJ Financial Advisors announces the promotion of Kathy Byrne, CPA, CFP®, to Principal. Byrne delivers investment management and financial planning for individuals and their families as well as retirement plan services for businesses. “Kathy truly…

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Retirement on the Horizon: A Financial Planning Checklist

Retirement planning checklist

Retirement is one of the biggest events you will experience in your lifetime and requires you to have a retirement checklist to plan your finances correctly. Starting that next phase of life brings about significant changes, both personally and financially. Financial freedom and security in retirement does not just happen. Retirement planning takes time, carefully…

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Life Insurance – Understanding the Tax Implications

Permanent life insurance policies (often referred to as “Whole Life Insurance”) are a contract between a policyholder and an insurance company whereby the insurance company promises to pay a designated beneficiary a sum of money (a death benefit) upon the death of an insured in exchange for a premium. In most cases, when the designated…

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Trust Planning Opportunity and the 65 Day Rule

trust planning 65 day rule

It’s not too late to take advantage of planning opportunities for certain trusts for 2017 tax filings. Irrevocable Trusts that do not require the trustee make distributions of income and principal to the beneficiaries can take advantage of the “65 Day Rule”. This Rule allows trustees to make distributions within 65 days of the new…

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Qualified Charitable Distribution Strategies

qualified charitable distributions

It’s time to take a fresh look at Qualified Charitable Distributions after the Tax Cuts and Jobs Act Many taxpayers, especially retirees with little or no mortgage interest, will no longer itemize their deductions due to the new tax law. Taxpayers will see a nearly doubling of the standard deduction (to $24,000 for married filing…

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Individual Retirement Account (IRA) Contributions

Traditional vs. Roth IRAs

In an era where pensions are few and far between and future Social Security benefits are in question, it’s important for individuals and their families to save for their own retirement savings. A great and simple way to save for your retirement (with potential tax savings) is through an Individual Retirement Account (IRA). IRA contributions…

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Video Overview on the Tax Cuts and Jobs Act for Individuals

Terry Cicero webinar TCJA

Webinar Recording on the Tax Cuts and Jobs Act and its Impact on Individuals (February 28, 2018) The new tax law, Tax Cuts and Jobs Act, is now in effect for 2018. How does the new law impact individuals? Terry Cicero gives an overview in an easy-to-digest webinar in under 30 minutes. Presenter: Terry Cicero…

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