The Kernutt Stokes Advisor

Fill Your IRA & 401(k) to the Brim

Some people say that 50 is the new 30. Living longer and healthier lives might make you feel young if you are 50, but your retirement account begs to differ. Anyone who’s turning 50 or older on or before Dec. 31 is allowed to make retirement catch-up contributions starting that year. Catch-up contributions can yield big tax savings, so let’s…

Stock Market: Markets Disdain Conventional Wisdom

Perhaps one of the most intriguing – and important – trends for individual investors is the market’s current disregard for conventional wisdom, as evidenced by the bull run’s continued uptick despite a contentious political climate. If you want evidence of the market’s unpredictability, consider the following – where cause and effect seem out of whack. The Ongoing Bull Run Respected…

Retirement Savings Plan to be Mandated for all Oregon Employers

By Dean Huber More than 1 million Oregon workers do not have access to an employer sponsored retirement savings plan at work.  The Oregon Legislature considered this a retirement savings crisis and passed a bill in 2015 to remedy the situation.  They created OregonSaves, a state sponsored retirement savings program for private sector employees.  The Oregon Retirement Savings Board (“the…

Backdoor Roth IRAs and Skinny Lattes

By John Mlynczyk Roth IRAs are excellent retirement and estate planning vehicles.  Roth IRAs provide for tax free growth on your investments and tax free distributions at retirement.  That’s great!   However, many taxpayers cannot make direct contributions to Roth IRAs.  In fact, married taxpayers filing a joint return cannot make direct Roth contributions if their adjusted gross income (AGI) is…

Technology: What Does WannaCry Teach Us?

The global ransomware attack dubbed WannaCry marked an unwelcome precedent in the dark world of cybercrime. It is the first cyberattack that combined ransomware with the self-propagating power of a “worm” to generate a wide-ranging, global attack, affecting some 200,000 computers in more than 150 countries with the toll still rising. The hackers behind the scheme took standard ransomware and…

Could Potential Tax Changes and a Private Equity Black Hole Undermine the Value of Your Business?

Until a few years ago, the average private equity fund’s multiyear performance materially outperformed the S&P 500. More recently, however, the average private equity fund is performing more in-line with this benchmark, causing a growing number of people to believe private equity as an investment asset class is “maturing.” So what does this have to do with how much your…