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Financial Planning
Let your Legacy Live On With a Trusteed IRA
September 19, 2016 | Wealth Management
Many individuals have the enviable burden of owning a significantly large Individual Retirement Account (IRA). They want to have those assets available for the well-being and financial security of their loved ones even after they have passed away. It sounds simple, but anyone living with an …
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Individual
Three Essential Components of a Family Wealth Succession Plan
June 23, 2016 | Wealth Management
Sustaining family wealth across multiple generations is difficult. So difficult, in fact, that there are numerous proverbs from cultures around the world that describe the problem: “Shirtsleeves to shirtsleeves in three generations” (U.S.), “from barn stall to barn stall in three generations” ( …
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IndividualThe Basics of Estate Planning, Part 2
May 19, 2016 | Wealth Management
Veronica Van Nest, Senior Wealth Management Consultant, discusses the advantages of creating a revocable trust and explains the purpose of a living will, health care proxy, and a power of attorney.
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IndividualBalancing Risk and Taxes
May 13, 2016 | Active Management
Dana Vosburgh, the Director of Family Wealth Management, discusses various types of taxes investors should be aware of and which investments may be subject to these taxes.
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Individual
Friday Deadline to Claim Under Social Security’s File & Suspend Strategy
April 25, 2016 | Wealth Management
For those eligible, the deadline to claim Social Security’s File and Suspend strategy is Friday, April 29th, 2016. Offering the ability to receive some Social Security benefits early while continuing to accrue larger benefits, the File and Suspend strategy is attractive to retirees because it …
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Individual
Retirement Planning: Protecting your Investments against Volatility and Economic Concerns
March 22, 2016 | Wealth Management
For most retirees, investing can be described as a balancing act; dampen market volatility to fund ongoing expenses, but also generate enough growth to fund those expenses for a long period of time and experience volatility along the way. While putting a large portion of a portfolio in savings …
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IndividualContribution Limits, Tax Rates, and More for 2016
January 14, 2016 | Wealth Management
Every year the IRS announces numerous changes to contribution limits and tax rates that are important to know for investing and tax planning purposes. In many cases, the information can be difficult to locate or confusing to break down. With this in mind, we have created a reference guide …
Changing Your State Residency: Tips for NYS Residents
December 14, 2015 | Wealth Management
New York State (NYS) income taxes are among the highest in the country. Furthermore, while NYS estate tax policy has become “friendlier” over the last couple of years, several states have done away with estate taxes completely. As a result, many NYS residents, especially those “snow birds” who …
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IndividualSocial Security Developments: What You Need to Know
December 01, 2015 | Wealth Management
The Bipartisan Budget Act of 2015, signed into law by President Obama on November 2nd, included a provision that eliminates popular Social Security planning strategies. Below is a brief, general summary of the changes, aimed at closing unintended “loopholes:” The budget act has eliminated the " …
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IndividualTax-Loss Selling Considerations for Investors at Year-End
November 13, 2015 | Wealth Management
As the end of the calendar year approaches, many investors with taxable investment accounts that have realized capital gains during the year consider selling their stocks and/or bonds that are currently at a loss, to offset the gains and reduce the tax consequences. Typically, an investor will …