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Articles of Interest

No Beneficiary Designation. Who Gets The Money?

According to a recent Wall Street Journal article, retirement plans and IRAs account for about 60 percent of the assets of U.S. households investing at least $100,000.¹ Both state and federal laws govern the disposition of these assets, and the results can be complicated, especially when the owner of the account has been divorced and remarried. Therefore, it is important for plan fiduciaries ...

A New Administration in Washington: How Will Trump’s Policies Affect Taxes, Investments and the Markets?

Today is a historic day. Early this afternoon the 45th president of the United States was sworn into office. No matter your political stance and beliefs, it's undeniable that this unique and peaceful transfer of power every four years demonstrates the beauty and the grace of our democracy.  In a new white paper entitled "A New Administration in Washington: How will Trump's Policies Affect ...

More Positive Economic Data Amid Fed Rate Hike

  A series of data releases last week continue to paint a picture of a broadly improving economy that likely contributed to the Fed raising short term interest rates and indicating that rate increases may accelerate in 2017. Jobless claims, inflation and builder sentiment reports all indicated positive trends on top of previous upward movements. First time unemployment claims fell 4,000 for...

HORAN Releases 2017 Tax Guide

The New Year is almost here which means a new set of tax rules and changes. HORAN publishes an annual Tax Guide to serve as a reference tool for key tax items. We hope this will be a useful resource for you throughout the new year. If you would like us to mail laminated copies for you or your colleagues, please do not hesitate to contact your HORAN advisor and we will be happy to ...

Federal Reserve Raises Interest Rates

The Federal Reserve raised interest rates today by 0.25%. This is the first time since June 2006.   The Federal Reserve decreased interest rates to zero in December 2008 in an effort to jump start the economy during the financial crisis.

2017 Income Tax Proposals

Income tax reform is perpetually a political football. With Republicans in control of both the legislative and executive branches of the government, we are likely to see substantial income tax reform in 2017 instead of the usual “punt.” At HORAN we are watching the plays develop and considering how our clients may be affected. The following is an overview of what we may see in the next...

HORAN Wealth Provides Market Recap & Economic Outlook

As 2016 comes to an end, the HORAN Wealth Management Investment Committee is busy studying the macroeconomic trends and framing our portfolio forecasts. We are pleased with our year-to-date portfolio performance and look forward to meeting the challenges of continued success through the rest of the year. Below is a recap of 2016 thus far as well as insights for what’s in store for 2017. US e...

Turning Retirement Savings into Retirement Income

You’ve saved years for retirement. Once you reach retirement, how do you create a stream of income from your savings to meet your needs? Every income strategy is unique, but each must address one common risk: longevity—the risk of outliving your assets or spending too much too fast. Additionally, there is a risk of leaving substantial assets untapped at death, or, said differently, th...

What Fiduciaries Can Learn from the LaMettry’s Collision, Inc. Case

Debbie Damberg and Tony Severson, two of 114 participants in the LaMettry 401(k) Profit Sharing Plan, filed a class action lawsuit against LaMettry’s Collision in May 2016. What made the 401(k) industry take notice? The plan’s investment value totaled less than $10 million. Historically, similar class action lawsuits have been considerably larger in asset market value. The Suit ...

Rollover Relief

The IRS has acknowledged that taxpayers are human and sometimes we humans make mistakes—especially, if it is something we are unaccustomed to doing, like executing a rollover of a retirement account. There are two methods to roll over a retirement account: A direct rollover or trustee-to-trustee transfer. The trustee or plan administrator pays the proceeds to you, then you depos...
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