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As you may have heard in the news, components of the Department of Labor’s fiduciary rule finally went into effect on June 9th. You can add the date as the latest significant date to the running timeline for the Department of Labor’s fiduciary rule.

By Vanessa McElwrath, CFP®, ML&R Wealth Management

As you may have heard in the news, components of the Department of Labor’s fiduciary rule finally went into effect on June 9th. You can add the date as the latest significant date to the running timeline for the Department of Labor’s fiduciary rule, following:…

April 6, 2016 — The DOL announces that, effective April 10, 2017, financial advisors who provide retirement investment advice will be required to put investors’

Americans work hard to make a living and earn a dollar. However, many Americans have little or no money set aside for retirement. Savings must be part of our day-to-day ritual with money. It is important to set up a savings routine without getting overwhelmed. Here are some tips to make saving for retirement a little easier.

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Many taxpayers own vacation homes that they’ve rented out and also used as their personal residences. Can one of these homes be traded for another vacation home in a tax-deferred Section 1031 exchange? According to the IRS, the answer is “yes” under the right circumstances. The IRS has even issued guidelines for how to do it. (IRS Revenue Procedure 2008-16)

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Running a business these days is increasingly complex. With employment-related claims and lawsuits on the rise, management must have a basic understanding of numerous federal, state and local laws. Here are three cases that illustrate some employer liability trends.

Our company just began offering an employee assistance plan (EAP) that provides counseling services to employees. Is the plan subject to the Consolidated Omnibus Budget Reconciliation Act (COBRA)? What about the Employment Retirement Income Security Act (ERISA)? Are there special issues we should consider?

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Improved contact between physicians and their patients — known as “etiquette-based communications” — would improve the “inpatient experience” and could help a patient recover more quickly, a randomized trial found.

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Losses can be used, within certain limits, to offset other highly-taxed income, such as salary from a job. However, in general, losses from “passive” activities can only be used to offset income from other passive activities. Any excess passive loss is suspended and must be carried forward to future years.

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Rules known as “intermediate sanctions” allow the IRS to assess penalties against not-for-profit executives who receive excess compensation — and the board members who have approved it. Do you and your board know what’s considered excess compensation and what’s viewed as a conflict of interest during the compensation-setting process?

A living trust is a popular consideration in many estate strategy conversations, but its appropriateness will depend upon your individual needs and objectives.