Closed on Good Friday
We will be closed on tomorrow, April 10th, 2020 in rememberance of Good Friday. If you need us, please leave us a message and we will get back to you asap....
What You Need To Know: Economic Impact Payments
Here is a link to the IRS Economic Impact Payments information page. https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know...
New Client Web Portal Update
If you are unaware, we have a NEW and more updated online web portal allowing you access to view your accounts/reports. As with everything, technology changes – and the new web portal already does more than our previous one. If you hav...
2020 Tax Update – Required Minimum Distribution Changes
Click to View the PDF As a part of the CARES (Coronavirus Aid, Relief and Economic Security) Act that was passed over the weekend, the 2020 Required Minimum Distribution (RMD) can be waived for the current year (2020). The CARES Act incl...
2020 STOCK MARKET UPDATE
Click to View the PDF We just wanted to give you, our clients an update regarding the marketplace and where we are. As stated earlier in our previous post regarding our Business Continuity Plan, we are still actively managing your portfo...
2020 MMS OFFICE UPDATES-EFFECTIVE IMMEDIATELY
As of today, March 23, 2020, Money Management Services, Inc. will be implementing our Business Continuity Plan because of the COVID 19 Virus. Our Business Continuity Plan prepares and plans for critical situations such as what we are exp...
2019 TAX RETURN UPDATES
2019 TAX RETURN UPDATES – EFFECTIVE IMMEDIATELY Due to the COVID 19, the IRS has extended the federal deadline for filing your 2019 Tax Returns from the normal April 15th deadline to July 15th of 2020, effective immediately. Therefore,...
Office Closed on Friday, April 21st
Hi everyone. Ususally we take off and close down the office on Good Friday to celebrate Easter with our families. But this year, Good Friday fell the friday before the end of tax season. So we decided to delay our 1 day holiday an...
How To Prevent Identity Theft?
Many of our clients have expressed concern about the recent rise in identity thefts. If you’re concerned, here are some steps you can take to help defend yourself. Don’t trash it; shred it. Shred anything financial, aside from your t...
Record-Keeping Questions?
With our upcoming SHRED & POPSICKLE DAY (April 29th – see announcement) planned for after tax season, I’m sure the question will come up “how long should I keep my records for?” Well, the IRS, as well as others have opinions on that, so...
2016 Tax Information & Prep
Here is our {basic} supporting documents list to help you remember what to find and bring with you while gathering everything for your 2016 taxes. However, if you have any questions of course, don’t hesitate to call...
Global Markets React to the Trump Win
Some major indices retreat after the news, but others advance. News of Donald Trump’s election victory did not upend the equities markets. As word of his largely unexpected Electoral College win traveled around the world, most major ...
Are Your Clients’ 401k’s ‘True Up’ Plans?
For most companies, defined benefit pension plans are no longer in existence. Instead, they’ve rolled over some of that lost benefit to employees by increasing matching contributions on defined contribution plans, known mostly as 401(k...
Double Taxation for Your Clients: The Highest Risk
As an advisor, how involved are you with your client’s taxation issues, such as the actual management of their yearly tax-efficient investment trades or their retirement savings? If you are highly involved, you might be helping your cl...
Pension Plan Annuity Elections: Another Retirement Planning Gamble
“Retirement income planning” is lingo used in the financial industry to help clients determine their retirement possibilities. It is uttered by most advisors/brokers/insurance salesmen as a general offering, even when very few actual...
Best Age to Start Claiming Social Security? It’s Really a Gamble
All you have to do is Google the phrase “When is the best age to take Social Security?” and you’ll get endless advice from people all over on the perfect timing for taking Social Security. Even though not one single advice-giver kn...
Retirement Planning’s Hard Reality: Savings Trump Returns
Reality is defined as the world or the state of things as they actually exist. With that being said, it somewhat amazes if not saddens me that the average investor has little to no clue about the reality of investment returns, risk or r...
Tax Law Changes Affecting Your Clients
Yes, it’s tax filing season again, already! And again for this year, we had some tax laws extended by Congress through 2016 or 2019, but some were actually made permanent. So for the context of this article, we’ll discuss only tho...
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