In retirement, it can be tempting to look over the fence at how neighbors are spending their golden years and wonder if they’re living better or if you’re spending your time and money in the right ways. What’s more, social media heightens the pressure by serving as a highlight reel of everyone’s best experiences.Continue Reading >
Wescott recently undertook the development and launch of our cloud-based client portal, myWescottVault™. As we thought about the essential functionality and utility of our offering, we became part of the ongoing conversation in the financial services industry, a tug-of-war between convenience and safety. One side advocates the absolute necessityContinue Reading >
If you’ve been around the investment world for long, you’ve undoubtedly heard the case for annuities. Billions of dollars are invested in them each year*, but we’ve found that despite their popularity, annuities are seldom fully understood. That’s likely because of the nature of the product. Part-investment anContinue Reading >
With the end of the year approaching, many people have started to turn their attention to holiday preparations. But before this year’s holiday season, investors need to plan for potential tax changes next year—especially given what we know about the president-elect’s proposed economic approach. Sweeping tax reformsContinue Reading >
Retirement planning presents unique opportunities and challenges for owners of closely held businesses who have accumulated significant wealth. Developing a retirement strategy that aligns with your goals as a business owner as early as possible is a crucial step toward ensuring a successful transition to working less and maintaining your desireContinue Reading >
In the years leading up to retirement, too many people overlook opportunities to reduce their tax liability. Whether you are working into your 70s or retiring in your 50s, simple strategies executed at the right time can cushion your retirement funds and ensure you have the flexibility to maintain your lifestyle through your retired years.
Few can argue that wealth hasn’t changed over the past 100 years. The underlying factors that contribute to how we manage our money —family, work, society—are starkly different than in centuries past. And because of that, we invest differently; we save differently; we spend differently.
This month, many of us are glued to our screens cheering on Team USA in the Summer Olympic Games. It’s an emotional roller coaster watching all the Olympians experience triumph and heartbreak.
But while the world watches in awe at the seemingly superhuman achievements of these competitors, it’s important to remembe
When parents welcome a new child into their family, they’re hit with many numbers—date and time of birth, length and weight of the baby. But in the early years, many families neglect to consider three very important numbers that will affect their estate and their child’s future: 529.
While 529 plans have been avail
The Wescott PerfectScore Calculator: a proven methodology to
determine the right plan to achieve your financial goals.