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...
Could returning to the workforce 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 tax documents do I need and when should I expect them to be available?
Common tax forms and associated issue deadlines: With the start of a new year, we have the start of a new tax season. When preparing to file your taxes, you’ll need several important forms that...
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 are some year-end 2024 tax planning tips?
Last Minute Tax Planning Tips for 2024 As we approach the end of 2024, we wanted to share some helpful tips that could potentially reduce your 2024 income tax liability. Please discuss these tips...
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...
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...
How can I help set my grandchildren up for financial success without simply giving them cash?
As parents and grandparents, we are always looking for ways to help improve the lives of our families. For many of us, the importance of financial security for our children and grandchildren comes...
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.