10 Thoughts on Investments for 2018

  |  November 1, 2017

As 2017 draws to a close and we look forward to 2018, conventional wisdom suggests that New Year’s resolutions, although made with the best of intentions, will be abandoned as 2018 progresses. But perhaps you’ll find some of these investment thoughts worth the follow-through. We can help by keeping your focus on those things you can control, rather than fixating on those you cannot. Here are 10 investment basics you can count on: Read more. Read More

Financial Planning in the World of Headlines and Tweets

  |  October 13, 2017

If you only look at the headlines these days, you might be compelled to think that the best of all plans, financial and otherwise, is to dig a really big hole and hide. Unfortunately, good planning requires that we look to the facts and avoid the noise.  It’s a truism that “bad news sells newspapers.” However, in spite of the headlines, it is important for us to be making our financial and retirement decisions with data based on facts, and not the headline of the day. Take Social Security for example. Read more. Read More

Market View (October 2017) – Investing Amid Market Highs

  |  October 10, 2017

A recent headline read that the Dow Jones Industrial average posted its first eight quarter win in 20 years. It is rare to go two years straight without a negative quarter, and the question on many minds has been, “When will the equity markets experience a correction?” A correction is often defined as decline of 10 to 20%. Trying to predict the next decline is notoriously hard (some might say a fool’s errand), and back in April we discussed four economic areas that affect the velocity of money. Read more. Read More

Equifax Data Breach Update: Proactive Tips

  |  September 19, 2017

In response to the data breach Equifax, one of the three major consumer credit reporting agencies, recently announced, REDW Stanley is sharing some helpful tips. Although your data might not be at risk, here are some actions you can take to be proactive regarding your financial data. Read more. Read More

Overtime Rule Struck Down

  |  September 13, 2017

On August 31, 2017, Federal District Court Judge Amos Mazzant overturned the Fair Labor Standards Act (FLSA) Final Overtime Rule that would have doubled the annual salary level to qualify for exemption from overtime from $23,660 to $47,476. The same judge issued an injunction stopping implementation of the final rule nine months ago, and the Trump administration did not challenge the decision. Read more. Read More

Should I File an Income Tax Extension?

  |  August 29, 2017

For some taxpayers, requesting a tax return extension is a regular, yearly occurrence. Yet for others, the notion of requesting time beyond the original due date is outlandish. And there also are those for whom the decision to extend comes down to the wire, determined by whether the return can be filed by the original due date. However, an extension of time to file generally should be considered for every tax period for which an extension is available, regardless of whether you intend to file on or before the original due date of the relevant income tax return. Read more. Read More

GASB Financial Reporting Model “Improvements”

  |  August 23, 2017

When the Governmental Accounting Standards Board issued GASB Statement No. 34 in June 1999, it made drastic changes to how state and local governments, including tribal governments, did financial reporting. Now GASB is revisiting that statement and seeking input from stakeholders on how it can improve the model. This is an incredible opportunity to make your concerns known about the current GASB Statement 34 fund financial statements and the proposed changes to those statements.

The fundamental issue GASB is addressing is the form and content of governmental fund financial statements, including their measurement focus and basis of accounting. The objective is to make the statements more understandable for those making decisions based on a government’s fiscal health. Read more. Read More

Watch Out for the W-2 Email Scam

  |  August 22, 2017

The IRS is urging businesses to beware of a recent increase in email scams targeting employee Forms W-2. The W-2 scam – called a business email compromise or BEC – is one of the most dangerous phishing email schemes trending nationwide from a tax administration perspective. The IRS saw a sharp increase in the number of incidents and victims during the 2017 filing season.

A business email compromise occurs when a cybercriminal is able to “spoof” or impersonate a company or organization executive’s email address and target a payroll, financial or human resources employee with a request. For example, fraudsters will try to trick an employee to transfer funds into a specified account or request a list of all employees and their Forms W-2. Read more. Read More

Investor Behaviors and Investment Basics

  |  August 16, 2017

Many investors, including some of REDW Stanley’s clients, are a bit uncomfortable with the present state of the stock market. They feel that valuations are too high, that the extended life of the recovery is undeserved, and that, any day now, the other shoe is going to drop (meaning the market will experience a correction – which, incidentally, is a normal part of an economic cycle). What can we, as your financial partner, do to help improve your comfort level? Read more. Read More