Quotes 2020

2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011

njMoneyHelp-thumb.jpgDo these retirement distributions count for the pension exclusion?

njmoneyhelp.com – 3/3/2020

“The New Jersey pension exclusion allows those who are age 62 or older or blind/disabled on the last day of the year and who total income of less than $100,00 to exclude that income from your New Jersey return. If your income exceeds this $100,000 threshold by even a dollar, you cannot claim any exclusion at all, said Laurie Wolfe, a certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.” ​read more »

njMoneyHelp-thumb.jpgWhat financial advisors are offering clients

cnbc.com – 2/28/2020​

“Diahann Lassus, Lassus Wherley, on where advisors are looking to put their clients right now.” ​read more »

njMoneyHelp-thumb.jpgYou’re about to lose the cash in this tax-advantaged account

cnbc.com – 2/27/2020​

“Employees lose as much as $400 million annually in unused balances, the health website FSAStore.com found. Those forfeited sums are recaptured by the plan and used to cover expenses. “It’s really about understanding what your ongoing needs are, being focused on that expense and deciding where the dollars could best come from,” said certified financial planner Diahann Lassus, CPA and co-founder of Lassus Wherley in New Providence, New Jersey.” ​read more »

njMoneyHelp-thumb.jpgFederal and state income aren’t a match on this W-2.  Why?

njmoneyhelp.com – 2/26/2020

“New Jersey taxes several items that are excluded for federal purposes. Consequently, employees will often notice that the state wages box of Form W-2 Box 16, is higher than the wages box used for the federal return, Box 1, said Cynthia Fusillo, a certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence.” ​read more »

U.S. stocks take a dive as coronavirus cases spread across the globe

nj.com – 2/24/2020

“Financial markets don’t like uncertainty, said Diahann Lassus, a certified financial planner and certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence. She said the uncertainty created by the Coronavirus’ is leaving investors unsettled. “We don’t know what the ultimate impact will be.  This leaves everyone guessing and the fear drives the financial markets down,” Lassus said. “The financial markets, at this point, are focused on the economic impact of the virus.”” ​read more »

njMoneyHelp-thumb.jpgDon’t bet on that tax-free Trump savings account just yet.  Here’s why

cnbc.com – 2/20/2020​

““Are we encouraging people to save, or are we encouraging people to invest in the stock market?” asked Diahann Lassus, CPA and co-founder of Lassus Wherley in New Providence, New Jersey. Create your cash backstop before embracing the long-term risk and reward of investing in stocks. “The incentive should be on the savings side, and the next level is allocating the dollars and having them work for you in the most effective way,” she said.” ​read more »

njMoneyHelp-thumb.jpgWhat happens to inherited IRAs under the SECURE Act?

njmoneyhelp.com – 1/31/2020

“Prior to Jan. 1 2020, when a beneficiary of an inherited IRA passed away, the successor beneficiary would “step into the shoes” of the current beneficiary and continue the Required Minimum Distributions (RMD) based on the life expectancy of the current beneficiary, said Patricia Daquila, a certified financial planner and certified publica accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank in New Providence."»read more »

njMoneyHelp-thumb.jpgCan a trust own a 529 plan for a grandchild?

njmoneyhelp.com – 1/28/2020

“A trust can be the owner of a 529 plan”, said Dawn Brown, a certified financial planner with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence. She said the 529 plan will likely require you to disclose and provide supporting evidence, such as the trust agreement, showing who the trustees and successor trustees are so it can confirm who can make decisions about the account."»read more »

njMoneyHelp-thumb.jpgIs my mom liable for my dead father’s credit card debt?

NJMoneyHelp.com – 1/15/2020

“As a general rule of thumb. unpaid debts are paid from the deceased person’s estate, said Lisa McKnight, a certified financial planner with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank in New Providence. She said in New Jersey, family members, including the surviving spouse, are not typically obligated to pay debts from their own assets unless they have co-signed the obligation.”​read more »

njMoneyHelp-thumb.jpgCan former N.J. residents come back from Florida for retirement?

NJMoneyHelp.com – 1/13/2020

“NJMoneyHelp.com asked Dawn Brown, a certified financial planner with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank, in New Providence to review the couple’s finances to see how they can accomplish their goals. Brown said the couple’s expenses are far below their income, so they have a positive cash flow of more than $38,000 a year. With their low cost of living, they are not withdrawing any funds from their savings to fund their lifestyle in retirement, Brown Said. Here’s what Brown’s analysis found.”​read more »

njMoneyHelp-thumb.jpg10 New Year’s resolutions for your money in 2020

nj.com – 1/1/2020

“Remember that resolutions aren’t supposed to be a one-shot deal, but instead, are something to strive for through the year,” said Diahann Lassus, a certified financial planner and certified public accountant with Lassus Wherley, a subsidiary of Peapack-Gladstone Bank in New Providence. “When you make a resolution, first write it down, and second, think about the timeline for actually accomplishing it,” Lassus said. “Spend some quality time thinking about it and be serious about what is important for your short and long-term financial health.” Here are 10 resolutions for your finances.-Gladstone Bank, in New Providence. She said it is only possible to have one domicile at a time.” read more »

Share Us

Website Design For Financial Services Professionals | Copyright 2020 AdvisorWebsites.com. All rights reserved