Business Archives - The Orion Resource Group

New Spending Package Includes Sweeping Retirement Plan Changes (SECURE Act)

Posted on 01/30/2020
Written by Perry Shulman Leave a Comment

The $1.4 trillion spending package enacted on December 20, 2019, included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which had overwhelmingly passed the House of Representatives in the spring of 2019, but then subsequently stalled in the Senate. The SECURE Act represents the most sweeping set of changes to retirement legislation in more than a decade.

While many of the provisions offer enhanced opportunities for individuals and small business owners, there is one notable drawback for investors with significant assets in traditional IRAs and retirement plans. These individuals will likely want to revisit their estate-planning strategies to prevent their heirs from potentially facing unexpectedly high tax bills.

All provisions take effect on or after January 1, 2020, unless otherwise noted.

Access our full analysis HERE

Perry A. Shulman, CPA, MBA, CFP, TEP
p.shulman@pascpa.com
phone (516)593-8080

Catapult The Value of Your Membership in Professional Organizations

Posted on 10/15/2019
Written by Perry Shulman Leave a Comment

Edith Reinhardt of RDT Content Marketing LLC provides guidance for accountants to enhance their marketing efforts. Her recent blog entitled “10 Ways To Get More Value Out of Joining A Professional Association” suggests how professionals can catapult the value of their membership in professional organizations. While the blog was originally written for accountants, the suggestions are meaningful to professionals in all areas of expertise.

Orion offers its members an opportunity to actively participate in its five commitments that focus on key societal considerations around aging. In addition, members are encouraged to volunteer serving on organizational committees geared to improve the member experience.

Click on this hyperlink to access the blog.

Perry A. Shulman, CPA
Chair – Eliminate Elder Abuse Committee

Ten Signs Your Client Has Dementia

Posted on 08/12/2019
Written by Perry Shulman Leave a Comment

Interesting article from WealthManagement.com relating to dementia. Read more here >>

Perry A. Shulman, CPA, Chair, Orion Elder Abuse Committee

Updates to Age-Friendly NYC Commission Members – July 2019

Posted on 07/30/2019
Written by Karen Erbacher Leave a Comment

New York City is on the move with the appointment of 18 new (additional) Age-friendly NYC Commission members. This was recently announced by the de Blasio Administration in partnership with the New York City Council and the New York Academy of Medicine. The Commission, as a whole, is comprised of noted leaders from government, nonprofit, business, education and health care. Please see link: https://www1.nyc.gov/site/dfta/about/pr-De-Blasio-announces-reseating-of-the-age-friendly-NYC-commission.page

NYC continues to identify and implement a number of initiatives to address the challenges older New Yorkers face. NYC also continues to be recognized as leader of the age-friendly movement nationally.

Thanks to Orion Strategic Advisory Board member, Sharon Lewis, for bringing this development to light.

FIVE TIPS FOR PROACTIVELY HELPING AGING PARENTS (AND OTHERS)

Posted on 05/10/2019
Written by Perry Shulman Leave a Comment

Interesting article from Wealth Management.com which can be distributed to clients and friends, related to commencing the challenging discussions relating to creating a care giving plan. Click HERE for article.

Best regards,
Perry A. Shulman, CPA
p.shulman@pascpa.com
www.pascpa.com
516-593-8080