As financial advisers to many medical professionals, Modera has found that, when it comes to their finances, dentists have very specific needs. Here we address the three typical financial stages of a dental career and explain how a relationship with a Modera adviser can help to secure your financial wellbeing.
What are Qualified Charitable Distributions? Distributions from IRAs are generally taxable at ordinary income rates. As a result, certain taxpayers are often faced with larger-than-expected tax bills once their Required Minimum Distributions (RMDs) kick in, leaving them with little control over their taxable income and marginal tax brackets
These are certainly unprecedented times: a global pandemic, skyrocketing unemployment here at home, and recently…negative oil prices? Just saying the words “negative oil prices” defies logic. So, what’s going on with oil? For the first time in history, West Texas Intermediate (WTI) oil prices dropped below $0/barrel on April 20th, 2020. In fact, the oil price crashed that afternoon to nearly minus $40/barrel.
With so much information being shared at this time, we wanted to make sure you did not miss two very important issues related to educational funding that apply to anyone who 1) paid tuition for the spring 2020 semester out of a 529 account or 2) has student loan debt. Feel free to forward this to others in your life whom it may apply to.
If you are feeling stressed about your finances lately, you’re not alone. According to a recent study by the National Endowment for Financial Education, nearly 9 out of 10 participants reported that that they were feeling more financial stress as a result of COVID-19.
With a pandemic affecting the country, times have become even more uncertain for those who have a disability or other medical condition.
During periods of high market volatility, short-term negative impact to your investment portfolio can be unnerving, but there are also some planning opportunities that could allow you to take advantage of the situation and do not require you to make significant sacrifices in your investment portfolio. Here are some Silver Lining/planning strategies to consider.
In these unprecedented times, we are confronted with change in many aspects of our lives. Some of these changes in circumstance require changes in our current behavior and often they introduce completely new tools and behaviors to learn and put into practice. The changes have not gone unnoticed by bad actors who will not hesitate to exploit any uncertainty, fear or change. There has been an astronomical increase in coronavirus themed spam recently, with some vendors reporting increases of 14,000%.
Both small and large businesses have been significantly impacted by the effects of COVID-19 and have had to make critical decisions over the last few weeks. To facilitate our clients who own businesses, we have compiled relevant information and possible actions in light of the current difficult business conditions and the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on Friday March 27, 2020. This piece of legislation is the third round of federal support in the wake of the COVID-19 outbreak in the U.S. It builds off the previous two bills passed to provide more support to individuals and businesses, including changes to tax policy. This is an aggressive action on the part of our government to aid in the challenges our economy faces. Additional measures are expected over time to continue to build on these supports.