INSIGHTS

Much like rockin' a rhyme, great planning strategies need to be right on time... and that's tricky. Roth conversions may offer significant long-term tax benefits, but not for everyone and not all the time. Join Sarah and Dave as the dive into three reasons to consider Roth conversions.

The President signed the Consolidated Appropriations Act (CAA) into law on Dec. 27, 2020. One important element of this legislation is that it allows employers that took out a Paycheck Protection Program (PPP) loan to also claim the Employee Retention Credit (ERC). In addition, the type of expenses that qualify for taxpayer forgiveness has been expanded.

Roth conversions can offer significant long-term tax benefits. Join Sarah & Dave as they explore the basics of how this planning strategy works, the potential benefits, and the important tradeoffs to consider when deciding if this strategy is right for you.

As you take time today to give thanks for all that you have, we wanted to share a special video that asks the question: “what is enough?” DHG Wealth Advisors is joined by author Morgan Housel to discuss how our expectations influence our sense of well-being, how to get the goal post to stop moving and why even some billionaires don’t feel rich.

If you typically have a required minimum distribution, that could be because you were over the age of 70 ½ in 2019 and own an IRA or retirement plan, or you inherited a retirement account in 2019 or earlier, in either case, the CAREs Act provides the opportunity to skip that distribution for 2020.

Continuing with our deeper dive on planning strategies for year-end 2020, today we'll discuss the ability for “qualified individuals” to return a distribution from their IRA or retirement plan.

As part of the CARES Act, which was passed by congress in late March, “qualified individuals” may withdraw up to $100,000 from retirement accounts without the normal 10% early withdrawal penalty. The window to take a distribution and avoid the penalty ends December 31st, 2020.

As 2020 draws to a close, now is a time for reflection, gratitude, and planning. As we get ready for 2021, Dave Koppenheffer shares his Top 10 year-end planning strategies including an important reminder to make sure you have completed our Letter from the Heart.

Did you know that since 1929 only 3 presidents have presided over negative stock market returns during their term in office? In our latest video DHG Wealth Advisors is joined by Christian Newton, a Vice President with Dimensional Fund Advisors, to explore these three presidents and what we can learn from their stories.

DHG Wealth Advisors is always looking for opportunities to deliver informative and relevant content to our clients – which is why we are excited to announce the launch of our YouTube Channel. Our video content will focus on answering the most common questions we get from clients, demystifying confusing financial jargon and concepts, and highlighting our culture and how we work with clients. With the presidential election looming large, and investors questioning what the outcome might mean for their portfolio, our first video, “How Much Does the President Influence The Stock Market,” explores the history of stock market returns under Republicans versus Democrats going back to 1926.