Ascend Advisory GroupApr 85 minUnderstanding donor-advised fund basicsDonor-advised funds went from 4.8% of total charitable giving in 2011 to 10.1% in 2020 and — despite all the events that occurred —...
Ascend Advisory GroupApr 83 minGiving well: How can philanthropy be more focused and fulfilling?How much thought do you give your charitable giving? Do you simply write some checks or, more likely, visit organizations’ websites, make...
Ascend Advisory GroupMar 101 minThe IRA Contribution DeadlineThe IRA Contribution Deadline for 2021 is on April 15th, 2022! If you are interested in making a Traditional IRA or Roth IRA...
Ascend Advisory GroupFeb 253 minFive Retirement planning tips for Q1 2022By Adam E. Day, Financial Advisor Correcting mistakes or making adjustments early into a journey is much easier to accomplish and can...
Ascend Advisory GroupJan 112 min2022 Annual Limits Relating to Your Accountsby Michael Mooney, CFP, MBA As we are now into the New Year, we wanted to make you aware of the updated Contribution/Income Limits (and...
Ascend Advisory GroupDec 17, 20213 minHow do Mutual Fund Year-End Distributions Work?By Michael Mooney, CFP. MBA, Financial Advisor As we approach the end of the year, you may notice some oddities within your portfolio....
Ascend Advisory GroupDec 1, 20212 min2021 Year-end Planning Checklist Taking these ten actions before year-end will help ensure you're still working toward your financial goals—and that you're prepared for...
Ascend Advisory GroupJun 26, 20205 minCoronavirus Aid, Relief, and Economic Security (CARES) ActRecently enacted legislation provides relief for families and businesses impacted by the coronavirus pandemic. The high level summary...
Ascend Advisory GroupJun 26, 20201 minMailing schedule for 2019 tax documents Wondering when to send your tax documents into the IRS this year and what it includes? ©2019 Wells Fargo Clearing Services, LLC. All...
Ascend Advisory GroupJun 26, 20203 minKey IRA Impacts of the 2019 SECURE ACTOn December 20, 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law and as a result, there...
Ascend Advisory GroupJun 26, 20203 minTaming Investment TaxesThe Tax Cuts and Jobs Act lowered the marginal tax rates that apply to ordinary income, such as wages and interest from bonds and savings...
Ascend Advisory GroupJun 25, 20203 minStep Up to Help Lower Capital Gains TaxesLet’s say you bought shares of stock for $50,000 20 years ago. The company did well, and the stock appreciated so that the shares are now...
Ascend Advisory GroupJun 25, 20203 minIs There Such a Thing as a Tax-Free Investment?The simple answer to this question is “yes.” There are two main types: (1) municipal bonds and municipal bond mutual funds and (2)...
Ascend Advisory GroupJun 25, 20203 minWhat is the Most Tax-efficient Way to Take a Distribution from a Retirement Plan?If you receive a distribution from a qualified retirement plan such as a 401(k), you need to consider whether to pay taxes now or to roll...
Ascend Advisory GroupJun 25, 20203 minWhat Tax-Advantaged Alternatives Do I Have?A strong savings program is essential for any sound financial strategy. We take Benjamin Franklin’s saying to heart, “A penny saved is a...
Ascend Advisory GroupJun 25, 20202 minWhat Tax Deductions are Still Available to Me?Tax reform measures are enacted frequently by Congress, which makes it hard for U.S. taxpayers to know which deductions are currently...
Ascend Advisory GroupJun 25, 20202 minWhat Is a Tax Deferral?“Tax deferral” is a method of postponing the payment of income tax on currently earned investment income until the investor withdraws...