In the past, we have written Q&As on how to set up your assets to pass efficiently to your heirs as well as hosted a probate avoidance webinar. Choosing whether to transfer any of your assets...
Should I be concerned about the presidential election’s impact on the market?
S&P 500 Return During Presidential Election Years Policy uncertainty is predictably at its peak during election years. If there is one thing the stock market hates, it is uncertainty. However, a...
How are my capital gains taxed?
Tax returns are complicated. To add to their complexity, investment income generated by stocks, bonds, and other investment assets may be taxed differently than your other sources of income....
How do I avoid falling for scams and protect my finances?
It is challenging to identify scammers to avoid falling for scams. Financial scams are on the rise each year with the holiday season being one of the most active times for criminal activity. In...
What is a donor-advised fund and how can I use one while bunching charitable contributions?
In our Q&A last month, we discussed bunching charitable contributions as a potential strategic option to lower your tax bill. Bunching contributions involves making multiple years’ worth of...
How can bunching charitable contributions lower my tax bill?
Since 2017, taking the standard deduction has truly become the standard. In fact, since the passage of the Tax Cuts and Jobs Act (TCJA), over 85% of Americans opted to take the standard deduction...
Are my social security benefits subject to income tax?
Did you know that a portion of your Social Security benefits may be subject to income tax? This occurs when your modified adjusted gross income (MAGI), plus 1/2 of your benefits, exceeds specified limits.
Is now a good time to buy gold?
Gold has long been a popular choice for investors seeking stability and diversification in their portfolios as the commodity has historically been used to hedge against economic uncertainty and...
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.