Archive for the ‘Financial Planning’ Category
2020 End of Year Planning Considerations
The following planning strategies are based upon current tax laws. The team at SFMG is closely monitoring the tax changes that may impact our clients post-election. We will communicate any planning opportunities that arise.
Summary of The CARES Act for Small Business Owners
UPDATE: The Paycheck Protection Flexibility Act was signed into law on June 5, 2020 and includes updates regarding the Paycheck Protection Program Loan.
Due to the continued increase in COVID-19 cases and the financial impact it has had on business owners, Congress has provided more flexibility on the rules of the CARES Act by signing into law the Paycheck Protection Program Flexibility Act of 2020. This act overrides some of the requirements and guidelines listed in the CARES Act that was signed into law in March.
Summary of the CARES Act for Individuals
The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, 2020. This Act will have an impact on approximately 90% of all Americans in some form or fashion. There is already a plethora of information being released on the Act, much of which is more confusing than helpful! Therefore, our Wealth Management Team at SFMG is attempting to cut through the noise and summarize the key points of the bill and the impact it will have on our client base. Please contact your Advisor or Financial Planner at 972-960-6460 to discuss how the CARES Act might impact you.
- Opportunity Zone Investing – A Unique Investment Strategy
Medicare Open Enrollment 2018
As you may already be aware, the enrollment period for making changes to your Medicare Plan has recently opened and will end December 7th. This will be the only time that you are able to review and adjust your coverage for a January 1, 2019 effective date.
2018 Tax Planning Considerations
All taxpayers will be impacted by the legislative changes that took place in 2018. We have summarized some year-end tax planning ideas to include the following:
- Planning for Estate Tax Portability
- End of Year Planning Considerations