A Family Financial Summit might be a new concept for many of you, so let’s start by defining it before delving into whether or not you need it. Essentially, it’s a family meeting that allows for the sharing of financial values and goals. It can be helpful in aligning expectations about inheritance, responsibilities, and the [...]
Exchange-Traded Funds (ETFs) can offer a great mix of diversification, flexibility, and cost efficiency. Used by both institutional and individual investors, they have become a staple in portfolios, blending the best aspects of stocks and mutual funds to create a powerful investment vehicle. But what exactly are ETFs, and how do they work? 1. ETFs [...]
What value does a financial advisor actually provide? This may surprise you, but the value of a quality financial advisor goes far beyond portfolio advice. It’s about guiding clients to develop sophisticated financial behaviors. With robo-advisors and consistent market volatility in the headlines, it’s important to realize the comprehensive advantages of working with a personal [...]
An IRA, or Individual Retirement Account, is intended to assist you in saving for retirement. As the name implies, the account is for an individual. It cannot be held jointly with your spouse or another person. An IRA offers significant advantages, including: Tax advantages include tax-free growth on Roth IRA accounts and tax-deferred growth on traditional [...]
HIGHLIGHTS: Making the Decision Little Known Facts About Financial Aid Asking For More Money-- Last Word Feeling Pressured to Borrow-- Don't Be Financial Aid Insider-- Thoughts on the Department of Education Date: April 2025 Dear Parent, It's Spring and I thought sharing some common sayings and quotes about April, often associated with [...]
Many are interested in the impact of future tax legislation on Trusts. As we look ahead to 2025, it is crucial to understand how the evolving tax landscape may impact the administration, structuring, and distribution of Trusts. The Tax Cuts and Jobs Act (TCJA), signed into law in 2017, overhauled the U.S. tax code with [...]
Planning for retirement is often seen as a straightforward task, but misconceptions can undermine even the best intentions. These myths, if left unchecked, can result in financial shortfalls or a less enjoyable retirement. Let’s explore five common misconceptions and how to avoid them. “I’ll Spend Less in Retirement” Many people believe their expenses will [...]
Knowing how to take the deductions you are entitled to may help your bottom line if you are a business owner.1 You may use various deductions this tax season 2024 to manage your taxable income and hopefully keep more of your hard-earned dollars. Here’s a rundown of the main tax deductions your business may take [...]
When we think about retirement, we often focus on financial readiness. But an equally important aspect is how you’ll spend your time. Without the structure of a job, it’s essential to have a plan for how you’ll spend your time. One way to prepare is to test-drive your retirement lifestyle before making the big leap. [...]
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