Financial News
Financial Planning
Key Retirement and Tax Numbers for 2023
Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2023. Estate, Gift, and Generation-Skipping Transfer Tax The annual gift tax exclusion (and annual generation-skipping transfer tax exclusion) for 2023 is…
Read MoreFebruary 2023 Market Recap
To download the February 2023 Market Review, click here.
Read MoreJanuary 2023 Market Recap
To download the January 2023 Market Review, click here.
Read MoreTeam Spotlight: Jordan Harriz
When did you start at Koss Olinger? September 2022 What is your role at Koss Olinger? Client Service Associate Where did you grow up? Greenville, SC Do you have pets? If yes, tell us about them. I have three dogs and three snakes. My dogs are Remington, Jasper, and Annabelle. Remington is a stoic yellow husky/lab mix who…
Read MoreThree Stretch IRA Alternatives
The passage of the SECURE Act in 2019 effectively eliminated the stretch IRA, an estate planning strategy that allowed an inherited IRA to continue growing tax deferred, potentially for decades. Most non-spouse beneficiaries, including children and grandchildren, can no longer stretch distributions over their lifetimes. Moreover, proposed IRS regulations require most designated beneficiaries to take…
Read MoreFive Reasons to Use the Business Sale Evaluator™ (B.S.E.™) Prior to Selling Your Company
A business sale can feel like an emotional rollercoaster. While this may be one of the most challenging decisions of your lifetime, it doesn’t have to be overwhelming. Five reasons to utilize the Business Sale Evaluator™ (B.S.E.™). Gain clarity on what offers you would and would not be willing to accept during negotiations and the…
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