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Retirement Plans and Tax Reform

The new tax reform package recently signed into law by President Trump started in Congress as a strong storm of change for retirement plans but by the time of passage ended as a whimper. Ironically the bill moved so quickly through Congress last minute changes were handwritten on the bill itself as it moved to the floor for votes. Even the name “The Tax Cuts and Jobs Act” was removed just before passage due to Senate procedural rules. The bill is now known as H.R.1. Only a few technical changes survived to the final bill. Following are the two main highlights: (more…)

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Hurricane Harvey: Hardship Distributions and Loans

With Hurricane Harvey making landfall in the Gulf Coast of Texas, it has brought both windstorm and flood damage to thousands of residents. For those who do not have federal flood insurance, their homeowner’s insurance most likely will not cover flood losses to their primary residence. But residents should know there may be another option for assistance: a hardship distribution or loan.

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The Importance of Consumer Protection

When it comes to your life and financial security, ignorance is definitely NOT bliss. There are too many instances of scams, hacks, identity thefts, lack of retirement planning, etc. that can often have a catastrophic impact on consumers. The Federal Trade Commission (FTC) is a great source that dives into ways consumers can be more protective.
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