Print
PDF

Charitable Gifts From an IRA

With tax reform, it has become more advantageous for some people to make charitable gifts from their IRA. To do so, the person must be over age 70 1/2. Gifts of up to $100,000 per year can be made directly to the charitable organization from the IRA and excluded from ordinary income. Therefore, someone who does not itemize their deductions can take the standard deduction and make their gift without it being included in their income.

Eligible clients may want to make both large and small gifts from their IRAs. To simplify the process, clients can have a checkbook linked to their IRA. They could write checks from this checkbook on the spot to whoever they wanted to make a donation whether it be their weekly tithe to their church, a once a year donation to a community foundation, or a gift to fulfil a pledge. For larger or ongoing gifts, clients should contact their advisor so we can make sure that cash is available in the account. If you would like to have the checkwriting option on your IRA, please contact your advisor to see if it is appropriate for you.

Print
PDF

IRA Charitable Gifts

With the latest tax reform, it has become more advantageous for some people to make charitable gifts from their IRA. To do so, the person must be over age 70 1/2. Gifts of up to $100,000 per year can be made directly to the charitable organization from the IRA and excluded from ordinary income. Therefore, someone who does not itemize their deductions can take the standard deduction and make their gift without it being included in their income.

Some eigible clients may want to make both large and small gifts from their IRAs. To simplify the process, clients can have a checkbook linked to their IRA. They could write checks from this checkbook to any qualified organization whether it be annual gifts to their church, a once a year donation to a community foundation, or a gift to fulfill a pledge. For larger or ongoing gifts, clients should contact their advisor so we can make sure that cash is available in the account. If you would like to have the checkwriting option on your IRA, please contact your advisor to see if it is appropriate for you.

Print
PDF

Client Portal

It's here! Cambridge Advisors has been developing a client portal through our portfolio accounting and reporting software provider and we are ready to roll out the first phase. In this phase, clients will be able to view their balances and security holdings in total and by account. In addition, quarterly reports will be available online. If you would like to stop receiving paper copies of your report from Cambridge Advisors, let us know because they will now be available online. Other documents or reports can also be downloaded by clients securely which can provide better protection to our clients. If you would like access to the client portal, please contact your advisor so we can set up a login and password for you.

Print
PDF

Measuring Risk Tolerance

Having an appropriate strategy for your risk tolerance helps remove emotional reactions from the investment management process so you can stick to the strategy to reach your goals regardless of market conditions. At Cambridge Advisors, we measure risk tolerance in multiple ways and multiple times as risk tolerances often change as your circumstances change. 

We have been utilizing an additional tool to help us measure your risk tolerance. Riskalyze software is an interactive questionnaire approach that objectively quantifies your risk tolerance and assigns a "risk number". This risk number can then be compared to your current portfolio to see if the two align or if adjustments need to be made. The Riskalyze software also analyzes each investment individually to help identify where additional risks lie.

We will be rolling out Riskalyze more widely over the next year. A link will be emailed to you where you'll be able to go through the questions at your convenience. Because it is interactive and based on how you answer each preceding question, it fine tunes the results into a more meaningful measure. When we meet, we'll be able to discuss the results and make sure that the risk number is appropriate and talk about how it relates to your investments. Periodically, we will email the link again to see if changes are needed in your investments.

Print
PDF

2019 Retirement Contribution Limits

In 2019, the maximum contribution to 401k and 403b plans will increase to $19,000.  Catch up contributions of up to $6,000 are allowed for those who are age 50 and above.  For traditional and Roth IRAs, the maximum contribution will increase to $6,000 with catch up contributions of $1,000 allowed.  The maximum contribution for SIMPLE IRAs is $13,000 with catch up contributions of $3,000.