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Develop an Individual Financial Plan That Accounts for Market Volatility

As we head into the final quarter of 2018, it is a great time to reflect on the financial markets. We have experienced the longest period of economic expansion in the nation’s history, and we have come a long way since the mortgage and housing crisis in 2008. However, as you may know from recent headlines, the fourth quarter got off to a rocky start. The Dow fell over 1,300... continue reading

AAFCPAs Wealth Management Update: Market Volatility

AAFCPAs Wealth Management understands that the recent market performance may be unsettling to some, given this is the worst volatility we have seen in over 8 years. The current drop in the major market indexes has left many investors concerned about whether or not they should be making changes, and wondering if this may be a repeat of 2008. AAFCPAs Wealth Management’s investment team has been closely monitoring the market... continue reading

Financial and Estate Planning Opportunities Related to the New Tax Law

The Tax Cuts and Jobs Act (“The Act”) reflects a widespread change not seen in over 30 years. The architects of the legislation hoped this tax overhaul would allow a simplification of the US tax code. Unfortunately, what is clear since the bill’s signing is the additional complexity, and most provisions have taken effect immediately in 2018. AAFCPAs Wealth Management provides the following general outline for clients and friends of... continue reading

AAFCPAs Wealth Management Shares Proactive Strategies for Investors in a Strong Market

AAFCPAs Wealth Management is constantly reviewing market conditions to be thoughtful, disciplined, and opportunistic to changes that occur over time.  Market volatility is not something you can control, but how you position yourself now will have a lasting impact. The US financial market is strong. Rejoice! The bull market continues for the past eight years since the great recession.  Good markets allow us to grow and squirrel away money before... continue reading

The Bucket System: Managing Your Assets in the Face of Volatility

The Bucket System: Managing Your Assets in the Face of Volatility

Nonprofit World Magazine – Joel Aronson, wealth advisor, AAFCPAs Wealth Management provides members of the national Society for Nonprofits (subscriber content) with insight into a simple system that is key to financial stability. As a nonprofit leader, you’re no stranger to cash flow crunches. But you can attain a new level of stability if you persevere with a vision of stronger revenue capital management. The key is to look at your... continue reading

AAFCPAs Wealth Management Update: Election Results

The end result of a polarizing presidential race certainly rocked the boat called Wall Street this week.  The markets responded as they almost always do when Uncertainty Rules – they proceeded to quake and quiver.  As we have seen repeated in history, for example:  9-11, and Brexit, unexpected, contentious events often cause overreaction from investors. The fact is, a Trump win was not factored into the market, causing a reactive... continue reading

Plan sponsors: how can you minimize risks?

The term “fiduciary responsibility” has been in the headlines quite a bit this year.  Most of the discussion is around investment advisors, but the term also comes into play for business owners and executives. Being a fiduciary means being personally liable for the prudent management of someone else’s money, so it is a serious topic that deserves attention.  For business owners and executives, that high fiduciary standard applies when it... continue reading

Panel Provides Guidance for Employee Benefit Plan Sponsors and Other Fiduciaries

AAFCPAs Davide Villani, CPA, CGMA, Managing Director, Employee Benefit Plan Audits, will join a panel of IRS, DOL and ERISA professionals providing guidance for plan sponsors and other fiduciaries on 401(k) and 403(b) retirement plan compliance.  This session will help employers manage their fiduciary responsibilities through a better understanding of regulations and common risk areas. Workshop attendees will gain an understanding of: The key areas of ERISA fiduciary responsibility, The... continue reading

Nonprofits and the “Bucket system”: from cash management to investment returns

It can be tempting for nonprofits to focus solely on near-term strategy.  The grant environment is challenging, and competition for donor dollars has never been fiercer.  Keeping a plan on track that supports financial health is often a year-by-year exercise. That exercise, though, varies widely depending on how the organization brings in revenue. Those that receive significant funding in waves can take a different approach than those that are solely... continue reading

Congress to Vote on Tax Extender Bill Friday

On Tuesday night, Congress reached an agreement on a year-end spending and tax deal that includes the much anticipated tax “extender” provisions.  The tax bill is expected to extend around 50 credits for businesses and individuals, while also delaying until 2017 a tax on medical device manufacturers.  This news provides some insight of what to expect, including: Research credit and Section 179 expense made permanent New Markets Credit and bonus... continue reading