Blog Archive

Taxes

Tips for Rollovers and Withdrawals from Employer Retirement Plans and IRAs

Tuesday, March 21st, 2017

Have you recently changed jobs or retired?  Not sure what to do with your retirement savings plan?  If so, we suggest completing either a direct transfer to your new job’s retirement plan or requesting an IRA rollover – a common and useful financial move – so you don’t leave your money behind.

Rollovers between workplace retirement plans, IRA-to-plan rollovers, and plan-to-IRA rollovers, where the investment company simply sends a check for the assets to the brokerage firm that will eventually receive them, are exempt from a 60-day deadline imposed by the IRS.  Also, there is no tax or penalty assessed when performing these types of transfers.  They simply allow you to stay in control of your money and consolidate similar tax-deferred accounts.

A direct rollover of retirement assets is routine, and can be initiated with phone call or even online through your retirement plan’s website.  However, there are times when an indirect rollover is necessary or more efficient.  You just have to be mindful of the 60-day rule and the potential ramifications of missing the deadline. We encourage you to give Kendall Capital a call if you would like help deciding which method best meets your goals.

Do you need to borrow from your IRA?  If you happen to be in a situation where you need cash quickly but for a short period of time such as settling on a real estate deal or paying taxes, you are allowed to take a withdrawal from an IRA with no tax or penalty before you turn 59 ½. The catch is that you must return those funds within 60 calendar days or else the amount withdrawn will be subject to that penalty and treated as ordinary income for tax purposes. Therefore, it is in your best interest to return as much money as possible, if not the full amount. Keep in mind though, the IRS only lets you take advantage of this opportunity once every twelve months.

A second option to garner some quick cash is taking out a loan from your 401k plan. There will be limits on how much you can borrow from your 401k balance so you should call your 401k plan provider to learn the details.  Here again, this should be a short-term loan since while you’re paying yourself back, you’re not adding anything more for your retirement.  Also, keep in mind that if quit or lose your job, the balance of your loan will be considered taxable income and be subject to that 10% penalty if you’re under 59 ½ years old.

If you are considering a rollover or withdrawal from an IRA or employer retirement plan, give Kendall Capital a call to discuss the best option for your financial future.

Kendall Capital’s 2017 Financial To-Do List

Thursday, February 9th, 2017

Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. What financial, business, or life priorities do you need to address for 2017? We provide our list of a few “To-Dos” for the year that might prove useful:

Can you contribute more to your retirement plans this year? In 2017, the contribution limit for a Roth or traditional IRA remains at $5,500 ($6,500 for “catch-up” contributions). Keep in mind: single filers and heads of household with modified adjusted gross income (MAGI) above $133,000 and joint filers with MAGI above $196,000 cannot make 2017 Roth contributions. 

As with IRAs, the maximum contribution levels remain unchanged for employer-sponsored plans – up to $18,000 with a $6,000 catch-up contribution allowed if you are age 50 or older. However, if you are self-employed, you should review your options between a SEP IRA and Individual 401k.  You may be able to contribute up to $54,000 ($60,000 if over 50) to one of these plans AND qualify to make Roth IRA contributions.

Should you convert to Roth in 2017?  If you’re retired or expect to earn little income in 2017, you might want to consider converting a portion of your traditional IRA to a Roth IRA. This is no snap decision; the tax impact of the conversion must be weighed versus the potential future benefits.  Conversely, if your income prevents you from being eligible to contribute to a Roth IRA, you may still be able to add to a Roth IRA by first contributing to a traditional IRA and then converting to Roth.  However, these strategies are complex and should not be undertaken without first consulting with us here at Kendall Capital and your accountant.   

Make a charitable gift. You can claim the deduction on your 2017 return, provided you itemize your deductions with Schedule A. The paper trail is important here.

If you give cash, you need to document it. Even small contributions need to be demonstrated by a bank record, payroll deduction record, credit card statement, or receipt from the charity with the date and amount. Incidentally, the IRS does not equate a pledge with a donation. If you pledge $2,000 to a charity this year, but only end up giving $500, you can only deduct $500.

Do you own highly appreciated securities? If you have owned them for more than a year, you can transfer securities directly to a charity’s brokerage account and deduct the fair market value on that day.  The beauty of this strategy is you avoid paying the 15% capital gains tax that would have resulted from simply selling the investment, and then donating the proceeds. Additionally, many of our clients are enjoying the use of their own personal Charitable Fund where they can donate stock effortlessly and then send checks to multiple charities.  Please call us at Kendall Capital to learn more.     

Open an HSA. If you are enrolled in an eligible, high-deductible health insurance plan, you can open a Health Savings Account which is like an IRA for health-related expenses. You can make tax-deductible contributions, depending on the type of coverage you have, of $3,400 (individual) or $6,750 (families) regardless of your income.  Catch-up contributions of up to $1,000 are permitted for those 55 or older who aren’t yet enrolled in Medicare. Moreover, HSA assets can be invested in mutual funds and grow just like a traditional IRA.  However, withdrawals from these accounts are tax free if used to pay for a wide variety of health-related expenses at any age!  Use it for prescriptions, long-term care premiums, COBRA premiums, or even a new pair of glasses.  Best of all, after you reach 65, you can use this money tax free for any reason which makes it the best tax-deferred vehicle on the market.   

Review your withholding status. Should it be adjusted due to any of the following factors?

* You tend to pay a great deal of income tax each year.

* You tend to get a big federal tax refund each year.

* You recently married or divorced.

* A family member recently passed away.

* You have a new job and you are earning much more than you did last year.

* You started a business venture or became self-employed. 

Are you turning 70½ this year?  Don’t forget to take your RMD.  When you turn 70 ½, must begin taking Required Minimum Distributions from traditional IRAs and 401(k), 403(b), and profit-sharing plans by December 31st of each year. The IRS penalty for failing to take an RMD equals 50% of the RMD amount that is not withdrawn.  If you still work and contribute to a 401k, it’s possible to avoid some or all of your Required Minimum Distribution.  Please call us to discuss your unique situation – we may determine it’s a terrific opportunity.   

If you have questions about our To-Dos, let us know. Vow to focus on being healthy and wealthy in 2017.

Tax & Estate Planning Update for Married Same-Sex Couples

Wednesday, December 14th, 2016

The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate planning for married gay and lesbian couples. If you are filing a joint tax return for 2016 or thinking about updating your estate plan, we have some important things to remember.

You can file jointly for 2016 if you married at any time during 2016. Under federal tax law, your marital status on the final day of a year determines your filing status. (The same rule applies for divorcing couples.) If you are newly married or have not considered filing jointly, the fact is that most married couples can potentially benefit from that choice.

Extremely high earners may find joint filing disadvantageous, but they are the exception to the norm. If you have or want to have children, you will need to file jointly to qualify for the Child and Dependent Care Tax Credit. Filing jointly also makes you eligible for Lifetime Learning Credits and the American Opportunity Tax Credit.

The irritation of filing state tax returns under a different status is history. Now that same-sex marriage is legal in all 50 states, no gay or lesbian married couple has to go through this any longer.

You can gift greater amounts to family & friends. Prior to the landmark 2015 SCOTUS ruling, same-sex spouses were stuck with the individual gift tax exclusion under federal estate tax law. A gay or lesbian married couple could not pair their $14,000 per-person allowances to make a gift of up to $28,000 to another individual as a couple, as straight married couples could. Now, same-sex spouses can gift up to $28,000 to as many individuals as they wish, per year. Tax consequences will only occur when the amount of gifts given over a lifetime surpasses the lifetime estate and gift tax exclusion (which is $5.49 million in 2017, rising from $5.45 million in 2016).

You can take advantage of portability. Your $5.49 million individual lifetime estate and gift tax exclusion will not only be adjusted upward for inflation in future years; but it will also be portable. Under the portability rules, when one spouse dies without fully using the lifetime estate and gift tax exclusion, the unused portion is conveyed to the estate of the surviving spouse. So, if a spouse dies in 2017 having used only $2.1 million of the $5.49 lifetime exclusion, the surviving spouse thereby ends up with an $8.88 million lifetime exclusion.

The unlimited marital deduction is also now available to gay & lesbian couples. This is the basic deduction that allows one spouse to pass assets at death to a surviving spouse without any federal estate tax effects.

Remember to check on state tax laws. In which state do you reside? Investigate the tax laws in that state, preferably with the help of a tax or financial professional. Things do change: New Jersey, for example, is repealing its estate tax in 2018, while keeping its inheritance tax.

Marriage equality has made things so much simpler. The hassle and extra paperwork that some gay and lesbian couples had to face in the past at tax time is, happily, now a thing of the past.

Mutual Funds and Capital Gains: Could You Be Making a Costly Mistake?

Monday, November 14th, 2016

If you’re thinking about buying mutual funds before the end of the year, consider this.

We’re currently several years into a bull market. Prior to the election, the market had had a broad rally since 2009. Then, Trump defied the odds. In the week following his surprising win, the markets responded to the President-elect’s pledge to dismantle Dodd-Frank and unleash economic growth. The Dow Jones Industrial average had its best week since 2011, and the S&P 500 saw its highest gains in three years.

All this is good news for investors. But bad news for mutual fund buyers who could soon find themselves hit with unrealized capital gains—and a sizable tax liability.

Beware the End-of-Year Capital Gains Tax

If you’re considering buying mutual funds for a retirement account, dividend and capital gains distributions are not an issue for you. But if you’re investing in mutual funds within a taxable account, you’ll want to do your due diligence. Most mutual funds will tell you the unrealized potential capital gains in the underlying mutual fund.

Here’s why it’s important to ask.

Suppose I’m a mutual fund manager, and I own one security—Apple common stock—in that mutual fund that I bought five years ago for $25. Today, it’s worth $100. If I sell my Apple common stock, everyone who owns my mutual fund at the end of the year will receive $75 in capital gains.

If you buy into my mutual fund today, you could have those capital gains distributed to you tomorrow. Meaning you’ll incur the cost of the gain without ever having reaped the benefits.

Plan Ahead, So You Can Avoid the Worst

Through prudent, proactive portfolio management, you can head off unrealized capital gains and associated tax losses by knowing the warning signs of impending distributions. You can also mitigate the cost of these unwanted capital gains; for example, you could sell your original shares at a tax loss and buy a like kind mutual fund the very same day.

Navigating capital gains season doesn’t have to be difficult. You just need to know what’s at stake, what questions to ask, and where to turn for answers and advice.

President Trump’s Unlikely Victory

Wednesday, November 9th, 2016

Americans throughout the country are feeling a variety of emotions with the election of President Donald Trump, and financial experts are advising us to prepare for volatility in the investment markets due to the uncertainties ahead. It is helpful to remember that these market gyrations are almost always bad times to trade, and particularly to sell. Traders and analysts have plenty of time to settle down between now and the first 100 days of the Trump presidency. The safest bet you can make is that they’ll be unusually jumpy for the next four years. But in the end, the intrinsic value of stocks don’t change with the occupant of the White House.

One of the more interesting things to watch out for is a tax reform proposal in early 2017. On the campaign trail, candidate Trump proposed simplifying our taxes down to three ordinary income tax brackets: 12% (up to $75,000 for joint filers), 25% ($75,000 to $225,000) and 33% (above $225,000). The wish list includes doubling the standard deduction with itemized deductions capped at $100,000 for single filers; $200,000 for joint filers. Capital gains taxes would be capped at 20%, federal estate and gift taxes would be eliminated, and the step-up in basis would be eliminated for estates over $10 million.

However, one should remember that these proposals were made before anyone imagined that Americans would elect an undivided government, with the Presidency and both chambers of Congress all under Republican control. The next four years, especially the first 100 days of the new Presidency, represent an opportunity for the Republican Party to do something much more ambitious than simply tinker with our nation’s tax rules. Influential Republican leaders, including House Speaker Paul Ryan, have reportedly been planning for some years to rewrite our nation’s tax code.

What, exactly, would that tax reform look like? At this point, we simply don’t know. The goal would be tax simplification, but the bet here is that whatever form the tax reform proposal takes will add thousands of pages to the current law.

The other change we’re about to see is nowhere written in the policies and proposals of Candidate Trump, but is even more certain than tax reform. President Trump is unlikely to support the DOL’s fiduciary initiative. There is a chance that the newly-appointed Republican head of the Department of Labor could potentially unravel the work of eight long years, and we can expect a new SEC commissioner to be more sympathetic to Wall Street code words like “harmonization” and “level playing field” than a strict fiduciary standard for asset gatherers and sales people.

Of course, everything is speculation at this point, which is the most important thing to keep in mind as the markets roil and the shock and awe of the unexpected election outcome begins to sink in and cooler heads prevail. The very worst thing you could do, over the next few days and weeks, is make a temporary loss permanent by selling into the general panic.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.

Please be aware that you are leaving www.kendallcapital.com and will be redirected to a third party website. Kendall Capital has no control over information at any third party site accessed from www.kendallcapital.com. Kendall Capital makes no representation and is not responsible for the quality, content, nature, or reliability of any linked site. The inclusion of any link does not imply endorsement, investigation, verification or monitoring by Kendall Capital. In no event shall Kendall Capital be responsible for your use of a third party site. Thank you for visiting Kendall Capital's website.