We are in the midst of the greatest intergenerational transfer of wealth in history. Financial services research firm Cerulli Associates estimates that nearly 45 million U.S. households will transfer over $68 trillion in wealth over the next 25 years. If you are the recipient of an inheritance, how should you adjust your financial plan? Our […]
We read a lot about the importance of saving and investing for our retirement throughout our working careers. This is critical and we encourage our clients to save as much as possible and advise them on how to invest for retirement. What doesn’t always receive as much emphasis is the importance of pre-retirement planning, specifically […]
If you recently received a letter offering you a lump sum distribution or an annuity from a former pension plan, you may be trying to weigh your best options. Your former employer can inform you of the choices available to you, but they are not able to offer guidance about what choice will be best […]
For investors, there are two key metrics, risk and return. Return is the reward for investing. Investment returns are what fuel the attainment of financial goals such as retirement and funding your children’s education. Managing your portfolio’s investment risks is a key factor in achieving the types of long-term returns you are seeking. What is […]
Everyone wants to save money on their taxes, but we firmly believe that tax considerations should not drive your investment decisions. That said, we work with our clients to invest as tax-efficiently as possible within the confines of their investment strategy. Here are some thoughts on ways to invest tax-efficiently. Taxes and investing There are […]
As 2020 comes to an end here are some last minute tax planning strategies to be aware of... Charitable Giving The CARES Act allows for an additional $300 charitable deduction for 2020. This will be available to all filers, regardless if you itemize your deductions or not. Those who have not done so should consider donating […]
In recent years a shift away from company sponsored Pension Plans has increased the emphasis of saving to 401K account. This trend makes 401K plan funding a vital piece of retirement planning. When reviewing your retirement scenario, it is also wise to consider how funding an HSA account can provide an added layer of retirement […]
Most investors can get so caught up in the extensive research and due diligence to find the best investments that they forget about one crucial factor- income taxes. Many times, there are great investors who will hit home runs on a stock or fund, but when it comes to income taxes they have no clue […]
Updates to the 2020 tax law and additional helpful information 2020 Tax Policy Updates There have been multiple changes in tax policy that have been implemented thus far in 2020. The SECURE Act (2020) was passed on January 1st 2020 with the intention of strengthening the retirement system across the country. There have also been emergency actions […]
