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Wednesday, November 16, 2022

Not unsurprisingly, the goal for most high-net-worth (HNW) individuals is to keep the family wealth, well.. in the family! Sounds pretty simple, right? Well, sometimes the most straightforward objectives are the most...

 

Wednesday, October 19, 2022

According to Forbes, the Rockefellers – one of the most well-known wealthy families in U.S. history – have a net worth currently valued at $8.4 billion. That wealth is spread out amongst more than 70 heirs. With the first...

 

Wednesday, September 21, 2022

Finding Your Life Ambition After Leaving your Family BusinessFor our family business owner clients, the thought of handing over the reins to a successor is typically not their biggest concern. They’ve known the day will come when...

 

Wednesday, August 17, 2022

Make Lasting Impact for Children and Grandchildren with a Custodial Roth IRASome of our clients—particularly those nearing or in retirement—have found that custodial Roth IRAs are perfect for introducing younger generations...

 

Wednesday, July 20, 2022

Estate planning is a primary concern for many of our clients. Capital preservation is always top of mind as we explore ways in which they can pass as much of their estate along to their children and grandchildren without overpaying in...

 

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Wednesday, June 15, 2022

Many family businesses are started with an eye toward establishing a lasting family legacy for future generations. If life unfolds as one hopes, the family and business matures, a successor emerges, grooming begins, and plans for the...

 

Tuesday, May 17, 2022

A well-rounded charitable contribution strategy can help alleviate your tax burden but donating to the charities or foundations you care about not only benefits the charities themselves, they can be deeply rewarding for the contributor.

 

Wednesday, May 26, 2021

There has been much ado over the tax proposal from Biden’s camp making its way through the congressional chambers. Whether or not all those measures being proposed will actually come to fruition is still to be determined....

 

Monday, April 26, 2021

RMD’s are Back! Welcome back for 2021 are those Required Minimum Distributions (RMDs)! From the CARES Act in 2020, one provision allowed anyone subject to RMDs to forgo the requirement. But as we continue through the current year...

 

Tuesday, March 23, 2021

In the spirit of celebrating women and all their contributions to the world, we wanted to focus on them during Women’s History Month in March. Women cover all areas of the work force and an increasing number are accruing high...

 

Wednesday, February 17, 2021

Beginning at the age of 50 and going until the age of 72, there is a timeline of many key ages for retirement planning opportunities. Decisions to be made in this window, to name a few, include turning on Medicare, beginning Social...

 

Wednesday, January 20, 2021

What Are Estate Taxes, and Will I Have To Pay Them If I Gift Assets Now? Estate taxes are what is paid to the federal government when someone passes away and assets are transferred to the next generation. The tax is assessed on the...

 

Wednesday, September 23, 2020

Medicare has four parts; A, B, C and D which often times can be confusing. Having a clear understanding of them are critical in making the correct decision around your retirement healthcare. We are going to break them down below as...

 

Wednesday, August 26, 2020

This has certainly been a year for the ages and at times has felt like 2 or 3 years have already passed in 2020. However, life continues to move along, albeit in many different ways then we are used to, but we will still have a...

 

Thursday, July 23, 2020

Often, we are asked, “What is the best type of savings account for my teenager?” There are a handful of account types designed to benefit young adults whether it be for future college expenses, a down payment on a house, or...

 

Wednesday, June 24, 2020

Stock Market Returns During a Re-Election Year Presidential election years always lead to heightened anxiety among investors as they weigh the potential pros and cons of a red or blue candidate being elected. This year is no different,...

 

Wednesday, May 20, 2020

Between the recent market volatility and the heightened health and safety concerns that many people are experiencing, it is natural and to be expected that investors have questions about their retirement accounts. A few months ago,...

 

Friday, April 24, 2020

According to the Social Security administration, the number of retirees claiming social security early had been on the decline for some time leading up to 2007. That was before the global financial crisis occurred from 2007-2009, in...

 

Wednesday, March 25, 2020

The investor playbook is to always follow your investment plan. The only thing worse than not having a plan, is abandoning the one you have. The stock market has already suffered declines similar to those associated with recessions....

 

Wednesday, February 19, 2020

SECURE Act Changes You Need to Know About The SECURE Act is finally here and officially law now starting in January 2020. The bill has had wide bipartisan support for some time, and it was finally slipped into the December budget...

 

Wednesday, January 22, 2020

Most Popular Strategies from New Tax Code: Bunching Charitable Contributions Part 3 of 3 The Tax Cuts and Jobs Act (TCJA) tax bill will be in its 3rd year in 2020, for a total of only 7 years. The new tax law has created a very...

 

Wednesday, December 18, 2019

Most Popular Strategies from New Tax Code: Qualified Charitable Distributions (QCD’s) Part 2 of 3 In part 1 of this 3-part series we spoke about how great Roth Conversions are under the new tax code and why now is a fantastic...

 

Monday, November 18, 2019

Part 1 of 3 We are well into the second half of the year in 2019 which means it is time to start thinking about what year end planning needs to be done. There are some VERY popular strategies that have come from the new tax code but...