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
What’s the first thing that you think about when you’re asked about a will? If you’re like the millions of Americans without a proper estate plan, thoughts likely move quickly to your own mortality. Perhaps that’s why so many people stay in that estate planning purgatory for far too long. Recent high proContinue Reading >
The Social Security Administration is eliminating two popular claiming strategies people have used for years to optimize their Social Security benefits.
April 29, 2016, will be the last day anyone who has reached Full Retirement Age can file a retirement claim and immediately suspend it&mdashContinue Reading >
Logically, it would seem that a 40-year-old with more than two decades of income ahead of her before retirement would be open to taking more risks (with the potential for a greater reward) in her portfolio than a 60-year-old.
With retirement knocking at her door, a 60-year-old would seemingly be more fearful for her investments, since thContinue Reading >
For the second part of our two-part blog on probate—the identification, gathering and distribution of a deceased person’s assets—we’ll examine what assets are subject to the process.
Generally, assets that will be included are those that were owned solely by the decedent at the time of his or her death, anContinue Reading >