Generational Wealth Planning: A Guide to Growing and Protecting Your Wealth For Decades to Come
It’s common for people to want to leave money behind for their children and family members after death. After spending years working to earn a living, people are proud to leave behind a legacy and help their future generations to be better off. The idea is, by the third generation of wealth being passed down, […]
The World Is Embracing Virtual Spending: Which Payment App Is Right For You?
While paying online has become easier and more accessible over the years, the COVID-19 pandemic took virtual spending to an entirely new level. As more and more people are embracing this type of spending, the payment options are growing. With that in mind, which virtual payment option may be right for you? Here are seven […]
6 Questions You Should Be Asking When Hiring a New Financial Planner
The role of a financial planner is to help you and your family figure out how to best save earnings, retain value, grow holdings and meet long-term financial goals. Planners should provide short- and long-term expectations with the same portfolio, which can be quite an undertaking. The value of the planner is that he or […]
RMDs For 2021: Here’s What’s Changing
The CARES and SECURES Acts offered financial relief during COVID-19. And though some of the benefits of these acts are no longer in effect, some of the rules within them were enacted as permanent changes in 2021. In this article, we will look at how these changes affect RMDs in 2021. Keep in mind that […]
Tax Strategies for High Earners
Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals You might build a team for any number of pursuits, from organizing a baseball team to putting together people to […]
Value vs. Growth Investing: What’s the Difference?
At different periods of time, the stock market appears to favor one of two stock types – value stocks or growth stocks. Since the 2008 market downturn, for example, the market has primarily favored growth stocks. But some big names are speculating that value stocks could be making a comeback due in part to big […]
Back to School: 5 College Planning Mistakes to Avoid
As a parent, you know that time with your kids can go by in the blink of an eye. So whether you are preparing to send your child to kindergarten or are dealing with teenagers, it’s never too early (or too late) to start planning for their higher education. Not sure where to start? We’ve […]
Estate Planning: Rethink These 8 Estate Strategy Myths
The importance of proper estate planning shouldn’t be understated, as it can be a lasting gift for your loved ones after your passing. The discomfort in talking about plans after death or incapacitation may cause certain myths and misconceptions to circulate. Many people plan their estates diligently, with input from legal, tax and financial […]
Are Capital Gains Taxes Changing?
There are a lot of questions about President Biden’s Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. One of the proposals Congress is considering sets the top rate for taxing capital gains at 25%, up from 20% under current law. Another would raise the capital gains tax […]
The Pros and Cons of Early Retirement Plan Rollovers
Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers can happen and the pros and cons of making them. To start, some basics. Distributions from 401(k) plans and most […]
