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Financial Planning
Four Common Types of Debt and What They Mean for You
July 11, 2022 | Financial Planning
American household debt – including mortgages, auto and student loans, and credit cards – has reached a new high at $12.7 trillion, surpassing the previous peak credit bubble levels of 2008, according to the Federal Reserve Bank of New York. In today’s low interest rate environment, debt can be …
How to Buy into Any Market
July 07, 2022 | Financial Planning
Do you have cash and are thinking of investing? That’s smart. The desire of wanting to put your cash to work (rather than having it sitting in a savings account, losing value due to inflation) is the right idea. And the best part is that you’re in control of getting started. There are two …
The Pros and Cons of Owning Two Homes
June 09, 2022 | Financial Planning
Primary residences and second homes can each be leveraged in different ways to help achieve financial goals. One has the potential to be an investment vehicle (generating income while appreciating in value) and the other is simply a lifestyle asset – can you guess which one is which? Let’s …
Types of Trusts: Revocable vs. Irrevocable
June 06, 2022 | Financial Planning
There’s no one-size-fits all trust solution or strategy. Everything from your wishes, goals for your estate, your beneficiaries, and your financial assets will set the stage for you to formalize what you want for your legacy. All of that also influences the type of trust that is best suited to …
Marginal vs. Effective Tax Rates
May 25, 2022 | Tax Planning
What comes to mind when you think about taxes? It’s probably not the blissful feeling of sipping a refreshing drink on the beach. Instead, it’s deadlines, numbers, forms, and an overall annoyance. It doesn’t help that tax rules are constantly updating, making a complex topic even more difficult. …
The Value of Tax Management
May 24, 2022 | Financial Planning
If saving and investing are the building blocks of wealth planning, then proper tax management is the roof protecting the building. Great investment results, or your house, can be bogged down by poor tax decisions, or a leak in the roof, hampering your ability to meet long-term goals. Wealth …
Will Inflation Ruin Your Financial Plan? Here’s What to Do.
May 17, 2022 | Financial Planning
Key Takeaways: Inflation diminishes purchasing power, making it hard to stretch your dollars as far Implementing good financial habits early allows for adaptability if inflation strikes Avoid being caught off guard by proactively accounting for inflation in your financial plan Simply …
2022 Tax & Wealth Planning Guide
May 10, 2022 | Financial Planning
This nearly 60-page guide covers everything from key facts and figures to tips, tricks, and strategies to optimize your tax plan for this year. What’s inside: Personal income tax rates, deadlines, deductions, and credits Business taxes, rates, and deductions Trust & estate taxes …
The Power of Saving
April 14, 2022 | Financial Planning
How do you build wealth? Saving and investing are an extremely powerful duo to do so. Of course, learning to be disciplined, practice good habits, and set goals are also instrumental in your success. The ability for savers to adopt those habits and convert such a modest lifestyle into long- …
Now Is the Time for Women to Focus on Finances
March 24, 2022 | Financial Planning
“With longer lifespans than their male counterparts, many women are likely to end up managing the family estate." Key Takeaways: Studies show women are often less financially literate then men, yet have growing financial responsibilities Basic education on financial planning and …