News and Commentary

Provenance Wealth Advisors’ Chief Investment Officer Todd Moll Recognized Again by Barron’s for Sixth Consecutive Year

Posted on April 10, 2020 by Todd Moll

FT. LAUDERDALE, FL – April 10, 2020 – Provenance Wealth Advisors announced that Barron’s has once again named the firm’s chief investment officer and director Todd Moll, CFP®, CFA, to its annual list of top 1,200 financial advisors in the country for the sixth consecutive year. Up from No. 18 in 2019, Moll is No. […]

SBA Loans for Small Businesses, Non-Profits Affected by COVID-19

Posted on April 06, 2020

Click here to view a comparison chart of the SBA loan programs available to businesses and non-profits. COVID-19 SBA Loans

UPDATED – IRS Extends Federal Tax Filing, Payment Deadlines to July 15 By Robert Mark Weiss, CFA

Posted on April 03, 2020 by Robert Weiss

Individuals and business owners facing a sea of challenges responding to the COVID-19 pandemic, received some welcome relief from the IRS in the form of a federal income tax filing and payment extension. On March 21, the IRS delayed the 2019 federal income tax filing and payment deadlines to July 15, 2020. This move gives […]

Weighing the Tax Risks and Rewards of Gifting Assets to Heirs During Life by Brendan T. Hayes

Posted on April 02, 2020 by Brendan Hayes

Gifting assets to family members or other beneficiaries during your life not only helps to establish your legacy for future generations, but it also provides an opportunity to reduce the size of your taxable estate. However, before making any gifts, it is important you consider how certain assets will be treated differently for tax purposes […]

UPDATED – COVID-19 Stimulus Package Provides Penalty-Free Relief for Retirement Savers, Retirees and Plan Administrators By Sean Deviney, CFP®*

Posted on March 31, 2020 by Sean Deviney

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act), signed into law on March 27, 2020, offers individuals the ability to tap into their retirement savings plans, including IRAs and 401(k)s, to access needed funds without incurring early-withdrawal penalties. This relief is similar to the way in which the IRS lifts restrictions to defined contribution […]

Contributions to Certain Retirement Plans Extended to July 15 by Sean Deviney, CFP

Posted on March 25, 2020 by Sean Deviney

The IRS has announced that the extension of the 2019 federal tax filing deadline to July 15, 2020, also applies to individual contributions to traditional IRAs and solo 401(k)s. Due to the fallout from the spread of COVID-19, the IRS is giving taxpayers an additional 90 days to contribute to these plans and apply the […]

Relatable Finance Podcast Episode 40 – ESG Investing

Posted on March 24, 2020 by Shane Phillips

In this episode the relatable finance guys break down the pros and cons of investing with environmental, social and corporate governance priorities.

Disaster-Relief Loans Available to Small Businesses Impacted by COVID-19 by Todd A. Moll, CFP®, CFA

Posted on March 19, 2020 by Todd Moll

Federal and state governments have announced relief programs to help the nation’s 30 million small businesses suffering financial hardships in the wake of the novel coronavirus (COVID-19) pandemic. Federal Aid The Economic Injury Disaster Loan program, managed by the Small Business Administration (SBA) in tandem with U.S. state and local government, will offer up to […]

Keep an Eye on Estate Planning Through COVID-19 Pandemic by Eric P. Zeitlin

Posted on March 19, 2020 by Eric Zeitlin

The novel coronavirus (COVID-19) pandemic is having a profound impact on people and businesses across the globe. Lives have been lost, businesses are facing the potential of mounting losses, and an uncertain economic future is roiling the global equity markets. Through this time, families must also assess the impact of the virus on their estates […]

Critical Financial Planning for Widows and Widowers by Kathleen Marteney, CRPC

Posted on March 12, 2020 by Kathleen Marteney

The death of a spouse can be one of the most devastating events in an individual’s life. Not only must surviving spouses cope with the emotional, mental and physical turmoil of their crushing grief, but they will also face a tsunami of legal and financial decisions, including the responsibility to pay their bills, keep the […]

Relatable Finance Podcast Episode 39 – Disruption and Why It Can Impact Your Investment Plans

Posted on March 10, 2020 by Joseph Karl

In this episode, the relatable finance guys discuss disruption and why it is important to think about when you are making investment plans.

Elections and Their Impact on Investor Returns by Shane Phillips, CFA, CAIA, CFP

Posted on March 03, 2020 by Shane Phillips

It’s an election year, and investors across the country are trying to predict how the markets will respond after the polling locations close and a presidential victor is announced. Will the longest economic expansion in U.S. history continue? Will stock prices continue to rise or will they start to decline? While there is no crystal […]

Relatable Finance Podcast Episode 38 – Financial New Year’s Resolutions

Posted on February 25, 2020 by Shane Phillips

In this episode the relatable finance guys check in on your new year’s resolutions.

IRS Assures Taxpayers of Higher Estate and Gift Tax Exclusions Through 2025 by Eric P. Zeitlin

Posted on February 19, 2020 by Eric Zeitlin

Ultra-wealthy families who take advantage of the historically high estate and gift tax exclusions included in the Tax Cuts and Jobs Act (TCJA) have received welcomed news from the IRS. Taxpayers who rely on the very generous but temporary provisions of the new law to make gifts during tax years 2018 through 2025 will not […]

Do Foreign Persons Have U.S. Estate Tax Responsibilities? by Melvin Perez, CFP

Posted on February 13, 2020 by Melvin Perez

It is no secret that the U.S. tax code is complicated. For foreign persons, compliance with U.S. tax laws is particularly onerous, especially when considering that different rules apply for income and estate tax purposes and neither depend on an individual’s immigration status. For income tax purposes, the U.S. presumes foreign persons to be nonresident […]