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...
What tax planning strategies should I consider before the TCJA expires?
The Tax Cuts and Jobs Act (TCJA) contains many provisions that have significantly changed the income tax landscape for our clients and is set to sunset, or expire, at the end of 2025. This means...
How do I prevent passwords from being compromised?
Have you ever had your password compromised? According to Norton, approximately 24 billion passwords were compromised in 2022. This can happen through hacking, phishing, or data breaches. In...
Should I pay off my mortgage early?
A home mortgage is one of the most substantial debts that individuals carry. It can be tempting to pay off your mortgage early if you have the funds available, which can lead many individuals to...
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...
How can I ensure my assets pass efficiently to my heirs? (Part 1)
Protecting your assets and taking the necessary steps to provide a smooth transfer to your loved ones is important. Oftentimes, certain steps are not properly addressed, and a person’s assets end up controlled by the courts. Fortunately, for most people, there are simple steps you can take to ensure your assets and personal belongings transfer in a private manner.
Our team of wealth management advisors, retirement planning advisors, and tax advisors regularly write articles to answer frequently asked questions (FAQs). These articles cover topics spanning our comprehensive service offering. You can view these articles by scrolling to the bottom of each page and toggling right or left.
Examples of topics our articles cover include: definitions for the different types of power of attorney, the roles of both dividend-paying stocks and fixed income stocks in a portfolio, information on 529 college savings plans, etc. Contact our team if you have any questions regarding our articles and how they relate to your investments.
Furthermore, our goal is to shed light on complicated topics related to wealth management. We hope that by doing so, you can spend less time worrying about your finances and more time making memories. Please send us a note through our contact form if you have suggestions for future articles. We hope you find these articles insightful and educational. Your feedback is always appreciated.
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