Forbes Magazine Online Article – April 9, 2020

Get the Five Steps Below...

"How Parents Can Help Gen Z Prepare Their Credit For Graduation" by Kimberly Palmer shares insight and comments from our CEO, Mike Kurz on budgeting ideas for parents to pass along to their soon to be independent adult children.

It's an exciting stage of life and when managed well will be a smooth transition. Enjoy!

Checklist for Emergency Relief for Coronavirus

For Individuals and Families: Checklist for Emergency Relief for Coronavirus

This checklist attached as a PDF helps you review potential opportunities to find additional resources and navigate the recent changes that may be available to help your financial support, unemployment benefits, distributions from retirement accounts and more.

Download Your Checklist - For Individuals and Families

For Businesses: Frisco Chamber of Commerce List of Resources

As you are deciding on important business decisions during these unprecedented times and are evaluating how COVID-19 is impacting your business, please review Frisco Chamber of Commerce special Coronavirus webpage information for options that may be available for your business.

The Frisco Chamber of Commerce will be diligently working to continuously update this page as information is received and provide easy-to-understand explanations of how the resources found here impact individuals and different-sized businesses, by providing toolkits and links to much-needed documents.

Please visit with you advisors and CPA before finalizing any important decisions for your business.

Visit the Special Section of the Frisco Chamber of Commerce website


Economic Injury Disaster Loans and Loan Advance

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

To apply for a COVID-19 Economic Injury Disaster Loan, click here.

Planning Items During a Recession

Financial Planning Items to Consider During a Recession

This checklist is designed to bring your attention to potential financial planning opportunities that might have a positive impact on your financial plan that are especially relevant during a time when your investments and assets may be valued less because of financial market volatility or economic recessions.

This PDF is not a list of investment guidelines are financial market considerations about staying invested through market cycles or having a long-term perspective. It will provide planning items to consider with your advisor and CPA.

Get your list of items to review...

Job Loss

What should you consider if you lose your job?

The checklist below serves as a easy reminder for important items to consider if you have recently lost your job or are concerned that a patch of unemployment may be around the corner.

The topics to consider include unemployment benefits, emergency reserves, your 401(k) account and potential binding agreements with your employer.

Download your checklist to review your action items...

Business Owners – Pay less income taxes (legally) with QBI – Qualified Business Income Deduction

Qualified Business Income QBI is the net amount of qualified items of income, gain, deduction and loss from any qualified trade or business, including income from partnerships, S corporations, sole proprietorships, and certain trusts.

Generally this includes, but is not limited to, the deductible part of self-employment tax, self-employed health insurance, and deductions for contributions to qualified retirement plans (e.g. SEP, SIMPLE and qualified plan deductions).

Checklist is available by clicking the DOWNLOAD button.

More information from the IRS:

Use Before Filing Your 2019 Income Tax

Download and Print ASAP!

Get ready for your 2019 Income Taxes.

Download this today and print it off ASAP!

Have this sheet ready when you start working on your 2019 Income Taxes and let's see if it will save you money on your taxes. $$$

Once you have it reviewed, you will be ready to meet with your awesome CPA to get it done!

Send us a note if we can help get you ready to sit down with your Tax Preparer.




2020 Tax Bracket for You?

 The IRS recently released the new tax brackets for the 2020 tax year, so now you can start thinking about how to handle your 2020 finances in a tax-efficient way. The seven 2020 tax rates themselves didn't change (they are the same as those in affect for the 2019 calendar year), however the tax bracket ranges were modified based on inflation. So, you could be in a different tax bracket for 2020 than the last time you reported your taxes, even if your income has not changed.1
Tax Brackets Are Marginal
 The IRS divides income into different tax rates. Each subsequent portion of your income will have an increased tax rate. For example, if you make $40,125 in 2020, your first $9,875 will be taxed at 10 percent. The next portion of your income will be taxed at an increased rate; from $9,875 to $40,125, your tax rate will be 12 percent. 
 As your income increases, you’ll fall into higher tax brackets and will have a higher tax rate for each portion of your income. 

 Why Would My Tax Bracket Be Different? 
 The IRS regularly adjusts tax brackets to take inflation into consideration. This is because, with inflation, people will face higher prices, meaning the purchasing power of their dollar is decreased. Knowing this, the IRS adjusts brackets in order to avoid bracket creep, a circumstance that occurs when inflation pushes your income into a higher tax bracket, or credits and deductions are reduced. In this scenario, an individual may not actually have increased purchasing power or greater disposable income, even with an increase in wages and salaries.2   

 2020 Tax Brackets 
 Without further ado, here are the 2020 tax brackets according to your filing status and income from the IRS1.

 10% Tax Rate
     Single Individuals: from $0 to $9,875
     Married Individuals Filing Jointly: from $0 to $19,750
     Heads of Households: from $0 to $14,100
     Married Individuals Filing Separately: from $0 to $9,875 

 12% Tax Rate
     Single Individuals: from $9,876 to $40,125 
     Married Individuals Filing Jointly: from $19,751 to $80,250    
     Heads of Households: from $14,101 to $53,700
     Married Individuals Filing Separately: from $9,876 to $40,125 

 22% Tax Rate
     Single Individuals: from $40,126 to $85,525    
     Married Individuals Filing Jointly: from $80,251 to $171,050        
     Heads of Households: from $53,701 to $85,500
     Married Individuals Filing Separately: from $40,126 to $85,525 

 24% Tax Rate
     Single Individuals: from $85,526 to $163,300        
     Married Individuals Filing Jointly: from $171,051 to $326,600    
     Heads of Households: from $85,501 to $163,300
     Married Individuals Filing Separately: from $85,526 to $163,300 

 32% Tax Rate
     Single Individuals: from $163,301 to $207,350    
     Married Individuals Filing Jointly: from $326,601 to $414,700        
     Heads of Households $163,301 to to $207,350
     Married Individuals Filing Separately: from $163,301 to $207,350 

 35% Tax Rate
     Single Individuals: $207,351 to $518,400
     Married Individuals Filing Jointly: from $414,701 to $622,050
     Heads of Households: from $207,351 to $518,400
     Married Individuals Filing Separately: from $207,351 to $311,025 

 37% Tax Rate
     Single Individuals: over $518,400    
     Married Individuals Filing Jointly: over $622,050    
     Heads of Households: over $518,400
     Married Individuals Filing Separately: over $311,0251 

 In addition to the tax inflation adjustments, the IRS also altered standard deductions. While the above rates and brackets are at the federal level, different states might have varying brackets and rates. 

     This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. 

Living Magazine Article

Read our article in the September 2019 issue of the Living Magazine. “Getting your Financial Plan right for you may require a better conversation and an open discussion.” Follow this link to read the full article and get access to your online Risk Assessment Quiz.

Article in Frisco Style Magazine

Our Article in Frisco Style Magazine - Page 62

Sometimes it Feels Good to OverShare!

Follow along the story of an ultra-high net worth husband and wife seeking greater clarity on both their logical and emotional thoughts of wealth and how our approach guides this very important type of meeting process.

Read our newest article written by our CEO, Mike Kurz, CFP®, CIMA®, CAIA, CPWA® in the September 2019 Issue of Frisco Style Magazine.

Our process for engaging Clients is unique and we believe it will redefine the Financial Planning Process!

Guide to the Markets – June 2019

Guide to the Markets

We love being an Independent Firm!

This independence goes way beyond ownership and equity shareholders.  The independence allows us greater independence of thought. The world has evolved over the years and today we all have access to financial data and information that can benefit the investment process and management of portfolios.  JP Morgan creates a large quantity of research and financial data through it's investment company that they make available to investment firms like OverShare Advice and Planning, LLC.   Attached is a 71 page guide to the markets that is produced each quarter.

This quarter we encourage you to take moment to pause and review page 14 (screenshot above).  Too often over the years we have seen Financial Advisors gloss-over volatility of stocks (S&P 500 illustrated - U.S. Large Cap Equity) and speak only to long-term averages.  It is absolutely necessary, though, that you as an investor must survive and stay invested during the short term market downturns to have the chance to benefit from long-term averages of positive market returns.

Investment Portfolios can be constructed and designed for you. The portfolios can be diversified and have appropriate asset allocations. As an investor, you must be prepared to withstand the ups and downs of not just your portfolio, but the pieces of your portfolio.

The interesting perspective in this chart above and on page 14 of the guide is that while the RED DOT shows how the market has dipped in each year, the dark GREY BAR shows how the market ended that calendar year.  The dips often disappear to turn into positive performance years. We use these as opportunities to reinvest dividends during the market dips; that means buying at a lower price. We can also balance or re-balance your portfolio during these dips.

Over time, we see opportunities in using the markets natural ups and downs to your advantage.

Work with a Financial Advisor that shows you the data and provides perspective on how to be prepared and well-positioned. We love building Financial Plans and constructing Investment Portfolios for clients that are educated and ready for the future!

New Regulations From SEC?

New Regulation for Brokers and Advisors?

We are watching and are supportive of the evolution that is underway to have brokers, broker dealers and financial advisors held to a high standard or for some a higher standard. In addition, the CFP Board is working on new rules that could impact the requirements to be considered a Certified Financial Planner and use the marks that promote the designation for all those with the certification.


Not all financial services professionals deliver a Fiduciary Standard of Care to their Clients or potential Clients. Educate yourself to know the categories.


Articles for your review:

Securities and Exchange Commission (SEC) Article

CFP Board Article