To Our Clients:

On Wednesday October 2, 2013, Sullivan & Company, CPAs presented a one hour seminar at Temple Shalom 8401 Grubb Road, Chevy Chase, MD, on the timely topic of Personal Finance and Tax Topics for Furloughed Employees & their Families.

 

The event was a free community event hosted by Temple Shalom in which a panel of financial professionals from the Bethesda headquarters of Sullivan & Company, Certified Public Accountants, discussed how to deal with the painful economic consequences to the families & Furloughed employees.

 

The professional advice was provided on the areas of cash flow/budgeting, sources of cash reserves and other pros and cons of the topics in the enclosed flyer. The event was publicized through the Washington Business Journal, and other publications.

We are sending this information to our clients and contacts to offer any professional advice to those affected who were not able to attend the presentation (scroll down for the original Agenda items or to download a PDF version along with the Press Release).

The presenters at the seminar were:
  - Paul Sullivan, CPA
  - Bill Isaacs, CPA
  - Kathy Grow, IAR, EA
  - Christopher Bailey, IAR, Staff Accountant
  - Claire Recht, Senior Staff Accountant
  - Brian Goldfarb, Staff Accountant

If you would like more information on the topics of this outline, please feel free to call Paul Sullivan, CPA or Kathy Grow, EA who is in charge of our Finance Department, at 301-657-8080.

 

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      MEETING AGENDA


Being prepared for the unexpected
 

Budgeting
- How to
- Contracts to check on


Sources of emergency funds
- Family members
- Savings
- Credit cards
- Individual Retirement Accounts (IRAs)
- 401(K)s
- 72(t) distributions
- 529 plans
- Thrift Savings Plans (TSP)
- Borrowing from life insurance policies


TSP and IRA contributions
 

Part time work
 

Other considerations
> Early retirement if long term
> Unemployment from your state
> FEEA loans
- TSP hardship withdrawal
 

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Click here to download a PDF version of the Meeting Agenda.

Click here to download a PDF version of the Press Release by Temple Shalom.

 

 

Very truly yours,

 

Paul Sullivan, IAR, CPA
Kathy Grow, IAR, EA

 

Sullivan & Company, CPAs
 



4709 Montgomery Lane | Bethesda, MD 20814

Direct Dial (240) 316-3564 | Phone (301) 657-8080 Ext 135 | Fax (301) 657-9055
Website:
www.esullivan.net | E-mail: kgrow@esullivan.net
 

The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities. Information obtained from sources deemed to be reliable, but accuracy or completeness is not guaranteed. Past performance is not a guarantee of future results. Performance figures contained herin do not represent actual client portfolios or results. Actual results may significantly differ from the model portfolio returns presented. Archer Investment Corporation manages the Archer Funds. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The investment return and principle value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the prospectus by calling 800-581-1780.
 
 
 
 

Sullivan & Company | Certified Public Accountants | 4709 Montgomery Lane #201 | Bethesda, MD, 20814 | 301-657-8080