Dekko Investment Services

11/15/2021

CHARITABLE GIFTING OF APPRECIATED SECURITIES YEAR END REMINDER!

Most of our clients are charitable individuals who gladly support their favorite non-profit organizations each year. As an
alternative to donating cash, clients can gift appreciated securities to complete their charitable giving. When you donate
long-term appreciated securities, you’ll generally take a tax deduction for the full fair market value, plus avoid paying
long-term capital gains tax on the sale of the security. For a donation to be eligible for a 2021 tax deduction, it must be
made by December 31, 2021. However, we recommend that gifting of appreciated securities be completed by mid-December, as processing time may vary near year end.

11/08/2021

TAX LOSS HARVESTING YEAR END REMINDER!

Tax loss harvesting is when you sell an investment at a loss to offset gains you’ve realized by selling an investment at a
profit. The result is that you only pay taxes on your net profit, or the amount you’ve gained minus the amount you lost,
thereby reducing your tax bill. If your losses are larger than your gains, you can use the remaining losses to offset a
portion of your ordinary taxable income. This amount will depend on your tax filing status. Keep in mind that if you hope
to harvest losses and enjoy the benefits they offer, sales transactions must be completed by December 31, 2021.

11/01/2021

REQUIRED MINIMUM DISTRIBUTION REMINDER!

A required minimum distribution (RMD) is the minimum amount that a retirement plan account owner must withdraw
annually. The rule applies to Traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, profit sharing plans,
and other defined benefit plans. For those born before July 1, 1949, your first RMD will need to be completed by April
1st of the year following the calendar year in which you reach age 70 ½. If you were born after June 30, 1949, your first
RMD will need to be completed by April 1st of the year following the calendar year in which you reach age 72.

Dekko Investment Services will be contacting all clients who have yet to take their 2021 RMDs during the fourth quarter.
We want you to avoid the stiff penalty that the IRS imposes if the RMD is not taken by December 31, 2021.

10/20/2021

COLLEGE CHOICE 529 CONTRIBUTION REMINDER!

College Choice 529 contributions are due by December 31, 2021. Indiana taxpayers are eligible for a state income tax credit of 20% of contributions to a College Choice 529 account, up to a $1,000 credit per year. There are several ways you can contribute:
• Mail a check payable to College Choice Advisor 529 Savings Plan directly to College Choice at P.O. Box 219354, Kansas City, MO 64121. Write the account number(s) in the memo line.
• Drop off a check payable to College Choice Advisor 529 Savings Plan to our office by December 20, 2021 for us to forward to College Choice on your behalf.
• Visit www.collegechoiceadvisor529.com, set up online access to your account, and establish Electronic Funds Transfer (EFT).

Give us a call at 260-347-2265 if you have any questions.

08/28/2020

Teaching your children about money at any stage is going to take time on your part. It won’t always be easy. But if you want your children to know how to successfully manage their money when they get older, taking the time now will be worth it. Here are some great suggestions!

Get 15 practical tips for guiding your child toward a healthy view of money in all stages of their life. Start teaching your kids about money today!

08/20/2020

If your gut tells you that the US economy will only get worse, know that your gut is a terrible economic forecaster. When the University of Michigan's decades-old Index of Consumer Sentiment hit bottom during the Great Recession, that measure of consumer confidence was at its lowest point in 28 years. But only four months later, the US economy began its longest expansion in modern US history.

This is an excerpt from the article "How About a Little Good News?" published in AARP's MoneySaver magazine.

07/22/2020

It has come to our attention that our phone line is down. If you'd like to contact us, please email Erica at [email protected], Alisha at [email protected], and Zibby at [email protected]. We apologize for the inconvenience.

07/02/2020

We wish all our clients and friends a happy and safe 4th of July weekend!

Our office will be closed on Friday, July 3rd in observance of Independence Day.

07/02/2020

Check out this Wall Street Journal article to learn about what the quarantine can teach you about your spending and happiness!

https://www.wsj.com/articles/what-quarantine-can-teach-you-about-spending-and-happiness-11590534368

07/01/2020

The sad lack of emergency savings is a well-known and often-lamented condition for a huge number of people. And it’s never been more apparent—or more dangerous—than in our coronavirus-induced economic downturn.

So the WSJ asked financial advisers, behavioral economists and other experts to help. Here are some simple tactics that people can use to jump-start their emergency-savings accounts.

We asked the experts how to overcome the inability of many people to build a rainy-day fund. With the economic slowdown, their advice is more important than ever.

07/01/2020

Following a quarter in which coronavirus shutdowns sent markets plummeting, U.S. stocks recovered with their best quarter in percentage terms in more than 20 years. According to the Wall Street Journal, the S& P 500 finished the second quarter up 515.70 points, or 20%, to 3100.29, its biggest percentage gain since the last three months of 1998. The Dow Jones Industrial Average added 3,895.72 points, or 18%, to 25812.88, its best quarter since 1987. The rally has cut the indexes’ losses for the year to 4% and 9.6%, respectively.

06/25/2020

Did you know that RMDs have been waived for 2020?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress and signed into law by President Trump on March 27th, 2020. The $2 trillion economic relief package was aimed at protecting the American people from the public health and economic impacts of COVID19. One provision allows retirees to forgo taking Required Minimum Distributions (RMDs) from IRAs, 401k’s, and other qualified accounts in 2020. Furthermore, the relief applies to both retirement account owners as well as to beneficiaries taking distributions.