Laura Hall | November 1, 2017
As 2017 draws to a close and we look forward to 2018, conventional wisdom suggests that New Year’s resolutions, although made with the best of intentions, will be abandoned as 2018 progresses. But perhaps you’ll find some of these investment thoughts worth the follow-through. We can help by keeping your focus on those things you can control, rather than fixating on those you cannot. Here are 10 investment basics you can count on: Read more. Read More
David Cechanowicz | October 13, 2017
If you only look at the headlines these days, you might be compelled to think that the best of all plans, financial and otherwise, is to dig a really big hole and hide.
Unfortunately, good planning requires that we look to the facts and avoid the noise. It’s a truism that “bad news sells newspapers.” However, in spite of the headlines, it is important for us to be making our financial and retirement decisions with data based on facts, and not the headline of the day. Take Social Security for example. Read more. Read More
Daniel Yu | October 10, 2017
A recent headline read that the Dow Jones Industrial average posted its first eight quarter win in 20 years. It is rare to go two years straight without a negative quarter, and the question on many minds has been, “When will the equity markets experience a correction?” A correction is often defined as decline of 10 to 20%. Trying to predict the next decline is notoriously hard (some might say a fool’s errand), and back in April we discussed four economic areas that affect the velocity of money. Read more. Read More
Laura Hall | September 19, 2017
In response to the data breach Equifax, one of the three major consumer credit reporting agencies, recently announced, REDW Stanley is sharing some helpful tips. Although your data might not be at risk, here are some actions you can take to be proactive regarding your financial data. Read more. Read More
REDW | September 13, 2017
On August 31, 2017, Federal District Court Judge Amos Mazzant overturned the Fair Labor Standards Act (FLSA) Final Overtime Rule that would have doubled the annual salary level to qualify for exemption from overtime from $23,660 to $47,476. The same judge issued an injunction stopping implementation of the final rule nine months ago, and the Trump administration did not challenge the decision. Read more. Read More
Lupita Martinez | August 23, 2017
When the Governmental Accounting Standards Board issued GASB Statement No. 34 in June 1999, it made drastic changes to how state and local governments, including tribal governments, did financial reporting. Now GASB is revisiting that statement and seeking input from stakeholders on how it can improve the model. This is an incredible opportunity to make your concerns known about the current GASB Statement 34 fund financial statements and the proposed changes to those statements.
The fundamental issue GASB is addressing is the form and content of governmental fund financial statements, including their measurement focus and basis of accounting. The objective is to make the statements more understandable for those making decisions based on a government’s fiscal health. Read more. Read More
Sandy Abalos | August 22, 2017
The IRS is urging businesses to beware of a recent increase in email scams targeting employee Forms W-2. The W-2 scam – called a business email compromise or BEC – is one of the most dangerous phishing email schemes trending nationwide from a tax administration perspective. The IRS saw a sharp increase in the number of incidents and victims during the 2017 filing season.
A business email compromise occurs when a cybercriminal is able to “spoof” or impersonate a company or organization executive’s email address and target a payroll, financial or human resources employee with a request. For example, fraudsters will try to trick an employee to transfer funds into a specified account or request a list of all employees and their Forms W-2. Read more. Read More