Build Back Better Act – Backdoor Roths
The year-end process can be stressful for many investors and 2021 is no different in terms of having proposed changes to the federal tax code. The proposed Build Back Better Act is currently structured to limit those who can use the “Backdoor Roth” strategy and/or make Roth Conversions in general. We don’t know if this […]
Exelon Resources
As Rockbridge continues to grow, so does the number of client relationships we have with employees of Exelon, mainly at the nuclear plant in Oswego, NY. Through working with employees of Exelon, we have developed an expertise for providing advice on Exelon’s employee benefits. Discussed below are a few areas in which we’ve added value […]
NYS tax update: PTET
If you itemize deductions on your federal tax return, you’ll recall that the 2017 tax law changes imposed a $10,000 cap on the amount of state income and property taxes (SALT) that you could deduct on your federal return. For many New York State taxpayers, this greatly reduced their federal itemized deductions and potentially forced them to […]
2020 active vs. passive
Each year the financial services company, Morningstar, issues a report of how actively managed funds performed relative to passive funds. Historically, actively managed funds have not performed as well as funds designed to simply replicate a market or published index. However, one argument active fund managers make is that they are “nimbler” during times of […]
Syracuse Orthopedic Specialists Resources
Rockbridge works with several physicians in the Syracuse area, and more specifically, physicians employed at Syracuse Orthopedic Specialists. Through these experiences, Rockbridge has become well-versed with the benefit programs offered by SOS. Discussed below are two areas in which we have been able to add value to our clients employed by SOS. 401(k) Investment Options […]
FamilyCare Medical Group – Agilon IPO & 401(k) Options
Rockbridge works with over 120 medical professionals, most of whom are in the Syracuse area. In addition to the expertise we’ve developed with providers, we have experience working with doctors at FamilyCare Medical Group. The following are two areas we are able to add value for doctors at FCMG. Agilon Health IPO This […]
National Grid Resources
Rockbridge and National Grid are both strongly rooted in the Syracuse community. As a result, Rockbridge has a significant number of clients who are employees of National Grid. Through our experience helping current clients, we have developed a level of expertise with National Grid’s benefits program. Discussed below are a few areas in which we’ve […]
How big are the largest American companies?
Somewhere between colossal and titanic. Apple, the largest publicly traded company in the world, has a market capitalization of $2.4 trillion. If it were its own country it would be slightly less valuable than all the publicly-traded stocks in Germany and slightly more valuable than those in South Korea. Microsoft is worth $2.2 trillion, a […]
Tax planning in turbulent times part 1: the tools of the tax-planning trade
Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. No wonder people get nervous when there’s lots of talk about higher taxes, but little certainty on what may come of it, and who it might affect. How do we plan […]
The certain uncertainty of tax legislation
Tax planning is all about identifying opportunities that arise because of changes to a person’s tax situation from one year to the next. Many people think they do not need to consider tax planning because the information on their tax return does not change much year-to-year. Since the end of 2017, at least six new […]