Posts by Ashlee Hecksel

Net Unrealized Appreciation: A Tax Saving Opportunity

Net Unrealized Appreciation Net unrealized appreciation (NUA) is a favorable tax planning opportunity that can often save a taxpayer tens of thousands of dollars.  However, this tax planning opportunity is often underused because most people are unaware of its existence.  In order to utilize this tax planning opportunity, an employee must own company stock in…

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Asset Allocation Vs. Asset Location: Two Different Investment Strategies

Two Different Investment Strategies When hearing the terms asset allocation and asset location, many of us conclude that these are synonyms. These terms are actually two separate investment strategies that can be used in tandem to create a well-balanced portfolio capable of reducing risk and minimizing tax. Asset Allocation  Asset allocation is the more commonly known term and is the strategy…

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How Does The Illinois Estate Tax Affect You?

Given recent increases to the Illinois personal and corporate income tax rates, it is important to review how your family may be impacted by another Illinois tax that does not receive as much media attention: the Illinois estate tax. Illinois is one of eighteen states to have its own estate tax separate from the federal…

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Changes That May Warrant An Insurance Review

Life happens, but more specifically, change happens in our lives that affects the building blocks of our well-being.  A few of the building blocks that drive our risk protection needs include lifestyle, health, and income.  While it’s ideal to review your insurance situation annually, it is especially important as these building blocks change. When Should…

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ABLE Accounts: What You Need To Know

Achieving a Better Life Experience Act of 2014, or the ABLE Act of 2014, encourages and assists individuals with disabilities and their families in saving private funds in a tax-advantaged savings account.  These funds can be used to pay for education, health care, transportation, housing and other expenses. Here are some of the most frequently…

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Financial Planning Checklist for 2017

Have you thought about how much money you need to retire?  Or if you have enough insurance—or even the right kind? Or if there is anything more you can do to save taxes throughout your lifetime?  These are just a few questions you can answer by doing a comprehensive financial plan. According to a national…

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Estate Planning Basics and Avoiding Probate With A Living Trust

One of the most important parts of the financial planning process is estate planning.  Many people mistakenly believe that estate planning is only necessary for the wealthy.  In reality, a basic estate plan is essential for everyone in order reduce uncertainty, eliminate unnecessary costs, and reduce stress for loved ones after a death. Estate Planning…

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10 Roth IRA Conversion Questions and Answers

Converting traditional IRA (Individual Retirement Account) funds to a Roth IRA can be a powerful tax savings opportunity. Here are some frequently asked questions on the topic: 1. What is the main difference between traditional IRA and Roth IRA?  A traditional IRA provides tax-deferred growth. A Roth IRA offers tax-free growth. 2. What’s the tax…

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