For many older Americans with substantial assets, the question is not simply “when do I collect Social Security?” It is: “When should Social Security become part of my retirement income, how much...
How Much Money Do You Need in Retirement?
There is no single “right” retirement number. What you need to retire depends on your desired retirement lifestyle, retirement age, life expectancy, tax situation, and legacy goals—all of which can...
Medicare for High-Income Near-Retirees: What Wealthier Households Need to Know Before Age 65
Medicare is not free. For households with considerable wealth approaching retirement, this reality can hit harder than expected. Medicare beneficiaries with incomes above $109,000 for individuals...
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...
Tax-Deferred Investing for High-Income Households Near Retirement
Quick Answers: How do some High Earners Defer Taxes Today? For wealthy investors approaching retirement in 2026 and beyond, tax deferral represents one of the most powerful tools available for...
Could returning to the workforce in 2026 after retirement have any negative impacts on my finances?
Financial Impact of Returning to Work After Retirement Returning to the workforce following retirement boasts both rewards and potential consequences. While it can provide additional income,...
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...
Update: If I inherited an IRA, do I have to cash it out or take RMDs? What is the “10-Year Rule?”
Some of you may remember this question from our October 2022 newsletter. At that time, we were waiting for the IRS’ proposed regulations to be signed into law. On July 18, 2024, the IRS issued the...
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.