Stock Buybacks – How do they work?
Stock buyback have been getting negative press lately. The recently signed Inflation Reduction Act calls for a 1% excise tax on these transactions. Many proponents of this tax hope it will dampen the enthusiasm for stock buybacks. It is not clear why. Stock buybacks are a legitimate technique for value maximizing managers to distribute excess […]
The Fed Has Been Busy
The Federal Reserve has significantly altered their guidance in the last few months. The biggest change is the increase in the expected number of rate hikes this year. In December, the Fed was expecting three rate hikes in 2022. Three weeks ago, they increased that forecast to 7, and the market is now expecting 8. […]
Rockbridge Spotlight: Disciplined Capital Management
Rockbridge is excited to welcome Adam Gagas, Sharon Craig, and Jodi DeAugustine of Disciplined Capital Management (DCM) to the Rockbridge team. Rockbridge and DCM decided to consolidate businesses and advisory teams this past October. The combination is a natural fit because the two firms share a common heritage and investment philosophy that dates back three […]
Tax Scams
As we head into a new year and with it, a new tax season, we wanted to draw attention to a number of scams and schemes to defraud unsuspecting taxpayers. We think it is important that our clients be aware of how these scams work, and what precautions you can take to protect yourself. How […]
Retirement Plan Contribution Limits & Other Tax Changes for 2022
Every year the IRS reviews a variety of retirement plan contribution limits and other important fiscal boundaries. Here’s a list of changes made effective January 1st, 2022. Item 2021 2022 401(k) Employee Max $19,500 $20,500 401(k) Catch Up $6,500 $6,500 401(k) Total Max $58,000 $61,000 HSA (Individual) $3,600 $3,650 SIMPLE IRA $13,500 $14,000 SIMPLE IRA […]
Rockbridge becomes Upstate NY’s only “Recommended Advisor” by the White Coat Investor
We are happy to announce we have joined 34 other Advisory firms from around the country who are labeled “Best Financial Advisors for Physicians” by the White Coat Investor. Who is the White Coat Investor? Jim Dahle is a practicing emergency physician in Utah. After several bad experiences with financial professionals, he developed a passion […]
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 […]
The American rescue plan act of 2021: understanding the 2021 recovery rebate stimulus payments
The American Rescue Plan Act of 2021 is now a done deal. Among the items of greatest interest to most Americans is a third round of stimulus checks – or IRS “recovery rebates” – of up to $1,400 for every “eligible individual.” That’s the quick take. But what’s the fine print? How Much Will You […]
Lockheed Martin 401(k) plan fund changes
Lockheed Martin announced a change to their current 401(k) plan lineup. Aside from some funds being renamed, the major changes are: Retiring the Global Real Estate Fund. This eliminates exposure to REIT’s in the plan unless you invest in a Target Date Fund Retiring the Emerging Markets Indexed Equity Fun. This change eliminates exposure to […]
Paycheck protection flexibility act
The Senate just approved the Paycheck Protection Program Flexibility Act. The Bill, which was passed by the House on May 28th, will ease many of the restrictions on how businesses must use PPP funds in order to have their loan forgiven. In addition to extending the deadline to apply for a PPP loan from June 30th […]