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Financial Planning
12 Actionable Tips Before Year-End
November 22, 2022 | Financial Planning
With the year-end quickly approaching, many of us are ready to close the books on what has been a volatile and unpredictable year and welcome a new year. While we wait for the ball to drop, these final few weeks of the year are a great time to take stock of your finances and consider some …
Estate Planning Missteps of the Rich and Famous
November 21, 2022 | Estate Planning
Like us, celebrities create estate plans to direct the distribution of their assets, minimize estate taxes, and accomplish other goals. Also like us, while the vast majority of celebrity estate planning is sound, celebrities and their advisors are prone to making mistakes. However, for every …
HSAs: the Ultimate Retirement Account?
November 10, 2022 | Retirement
Key Takeaways Health Savings Accounts (HSAs) are well known for their “triple threat” tax advantage, but do you know about all the other benefits one can provide? For those with good health, many experts believe an HSA is the first account you should maximize in saving for retirement. …
Giving the Gift of a Roth IRA
November 09, 2022 | Financial Planning
Key Takeaways Give your child or grandchild head starts on their retirement savings by opening a custodial Roth IRA (Individual Retirement Account). Know the basics of making IRA contributions and what qualifies as earned incomes. Understand some of the benefits and potential drawbacks …
I Bonds: What Are They and How Do They Work?
October 20, 2022 | Financial Planning
With inflation at a 40-year high and the stock market going into hibernation, in part due to the Feds aggressive interest rate hikes, there are few places for an investor, or their cash, to hide. If you have cash sitting on the sidelines (i.e., in your back account), its value is slowly eroding …
Do You Need a Trust?
October 13, 2022 | Estate Planning
Does a trust make sense for you, your family, and your wishes? As you’re preparing or reviewing your estate plan, it’s a question that everyone needs to answer. Establishing a trust is a common estate planning tool used to protect assets — even if you think trusts are only for the mega wealthy ( …
Understanding Medicare and Open Enrollment
September 22, 2022 | Financial Planning
The annual Medicare Open Enrollment period starts on October 15th and runs until December 7th. During this period, individuals already enrolled in Medicare Part A & B (see below to understand the different parts of Medicare) via original Medicare or a Medicare Advantage (Part C) plan can: …
The Importance of Estate Planning
September 16, 2022 | Financial Planning
There’s an element of excitement when it comes to planning. It could be as small as planning a family dinner with kids and grandkids, or something bigger like a European vacation or your retirement. Regardless of what the future holds we love to plan for it. As a wealth manager, we’re a huge …
Stress Testing Your Financial Plan
September 07, 2022 | Financial Planning
Recessions are no fun, and bear markets aren’t pleasant to go through either. The economy slows, markets go down, and even well-diversified portfolios can take a beating along the way. In the same way that rising tides lift all boats (i.e., lift up portfolios), falling tides drag them down and …
Real Estate’s Role in Your Financial Plan
August 23, 2022 | Financial Planning
Real estate is all too often the black sheep of your portfolio – overlooked, but still valuable as it has a multi-faceted role in financial plans. Your primary residence, or residences, are a huge portion of the overall net worth of many clients must be factored into a proper financial plan. …