Spring 2020 Newsletter: SECURE Act

by The Team at NNP | Apr 7, 2020 | Newsletters, Resources

Last summer, we wrote about pending legislation that would make changes to retirement savings rules. On December 20, 2019, President Trump signed the SECURE Act into law creating several new rules, which have broad-reaching implications. KEY PROVISIONS OF THE SECURE...

Spring 2020 Newsletter: Investment Committee

by The Team at NNP | Mar 31, 2020 | Newsletters, Resources

As a fiduciary to our clients, Nachman Norwood & Parrott is committed to providing unbiased, independent investment advice that is in our clients’ best interest. One of the ways we serve our clients in this capacity is through our Investment Committee. The...

Winter 2019 Newsletter: Leveraging Gift Rules To Your Advantage

by The Team at NNP | Nov 21, 2019 | Newsletters, Resources

As 2019 concludes, it may be helpful to review rules surrounding gifting: You may give up to $15,000 to any individual (i.e., donee) in 2019 and avoid any gift tax filing requirements. If married, you and your spouse may transfer up to $30,000 per donee. Gifts above...

Winter 2019 Newsletter: The Opportunity in Opportunity Zones

by The Team at NNP | Nov 18, 2019 | Newsletters, Resources

As a result of the 2017 Tax Cuts and Jobs Act, Opportunity Zones have sprung up throughout the United States. However, because the IRS was slow to roll out regulations, there was little discussion about these zones until the latter part of 2018. Now with clearer...

Winter 2019 Newsletter: Retirement Reform on the Horizon

by The Team at NNP | Nov 18, 2019 | Newsletters, Resources

In early 2019, the House passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) with a vote of 417 to 3. With the Senate working on a similar bill, the Retirement Enhancement and Savings Act (RESA), it appears there may be meaningful...

Summer 2019 Newsletter: Cyber Security | Us and You

by The Team at NNP | Jul 29, 2019 | Newsletters, Resources

Cybersecurity and fraud continue to be a top priority in the financial industry. As hackers become more sophisticated with their tactics, our methods of protecting your information must evolve. What We Do: We are committed to putting your interest first, which...