Concentrated Stock Positions: What They Mean for Retirement and Estate Planning A concentrated stock position rarely arrives as a deliberate decision. It accumulates over time, and by the time...
What the One Big Beautiful Bill Act Means for Affluent Retirees
Quick Summary of the One Big Beautiful Bill Act for Affluent Households The One Big Beautiful Bill Act ("OBBBA") permanently extends many provisions from the 2017 Tax Cuts and Jobs Act that were set...
Gifting Business Ownership: A Practical Guide for Family Business Owners
Key Takeaways: Business gifting transfers ownership to the next generation without a traditional business sale, which is more likely to preserve culture and community impact The annual exclusion...
Should you use a transfer on death (TOD) designation for non-retirement accounts?
Many people are familiar with the need to designate beneficiaries for IRA, 401(k), 403(b) and other types of retirement accounts. What about non-retirement or “non-qualified” accounts? A Transfer on...
What are common areas of oversight when creating a will or trust?
Common Areas of Oversight to Consider When Creating a Will or Trust Creating a will or trust is a critical step to ensuring that your assets are distributed according to your wishes. However, there...
What are a few financial steps to take before the end of the year?
Financial steps to consider taking before the end of the year: REVIEW YOUR ESTATE PLAN Regularly reviewing your estate plan is crucial to ensuring that it continues to reflect your wishes. Changes...
What questions should you ask your aging parents or discuss with your children?
Having conversations within a family regarding financial and end-of-life topics is crucial. Open communication can alleviate anxiety for both parents and children. It can help parents feel supported...
How can I ensure my assets pass efficiently to my heirs? (Part 2)
Last month, our Q&A focused on a few steps to take to help ensure your assets will transition to your heirs in a private manner without the court system getting involved. In addition, we...
Wealth Management Q&As
Wealth Management is more than investment management. It considers the larger picture. While your investments are critical to your success throughout retirement, it is also important to understand how your taxes, finanical plan, estate, and insurance can affect both your overall situation. Do you know when you should begin collecting social security to maximize its benefit? Have you followed the necessary steps to help your assets pass efficiently to your heirs, avoiding probate? If 529 plans are applicable to you, have you considered 529 plan superfunding or how to maximize 529 plan tax advantages? Our wealth management Q&As consist of popular topics among our clients and are not limited to investment management.