At age 73, investors must begin taking distributions from tax-deferred retirement accounts, even if still working. One exception: many workplace plans let you delay RMDs from your current employer’s plan until you retire if you are still employed and own no more than 5 percent of the business; IRAs and former employers’ plans get no […]

Over the past few years, artificial intelligence (AI) has evolved from a futuristic concept into a core engine of modern enterprise strategy. Organizations across every major industry are now using AI to automate complex workflows, augment customer service operations, drive predictive decision-making, and unlock greater operational productivity. Understanding AI Risk AI is not an easily […]

FOR IMMEDIATE RELEASE Gelman LLP Named to Construction Executive’s 2026 Top 50 Construction Accounting Firms™ Orange County Accounting Firm Earns No. 49 Ranking Nationwide Orange County, California - October 7, 2026 - Gelman LLP has been named to Construction Executive magazine’s 2026 Top 50 Construction Accounting Firms™, earning the No. 49 ranking nationwide. The annual […]

The purpose of estate planning is to distribute your assets to heirs in a formal, legal process. If you do not have any heirs to speak of, you might not feel the need to do this. However, your assets will go somewhere, so you may want to have control over that before the state steps […]

You’re doing well, earning a good salary. But toward the end of the month, after you’ve paid your obligations and lived your life, which isn’t extravagant, you look at your checking and savings accounts and, well, there isn’t much there. And that sinking feeling starts to kick in. Sound familiar? This is called lifestyle inflation. […]

According to the Flossbach von Storch Research Institute, 328 of the S&P 500 companies in 2024 had a negative Other Comprehensive Income (OCI) of $4.5 billion. This is attributed to rising interest rates since 2022 had OCI figures of negative $325 billion. Understanding OCI and Accumulated Other Comprehensive Income (AOCI) is essential to see what […]