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. [...]
With wealth comes an expansive list of financial opportunities: paying down debt, upgrading homes, maximizing retirement savings, or supporting future generations. The real question isn’t what’s possible, but what’s most important. This is where clarity and intentionality come into play. Financial planning, done properly, helps you make choices in alignment with your values. Establishing the [...]
Creating a comprehensive estate plan is a key step in ensuring your wishes are honored and your loved ones are cared for after you’re gone. Picture two families trying to find their way forward after losing a loved one. For the first family, Sarah’s father had a clear and up-to-date estate plan. His will outlined [...]
The new year is fast approaching, and it is a good time for small business owners to make some financial resolutions to help lead them toward a solid financial path. Whether your business is just starting or you have been running it for decades, the new year is the time to review your financial situation [...]
You have a first meeting with a new financial advisor, congrats! You’re taking an essential step in forging a path to financial confidence and clarity. But this is more than just a casual chat; it’s a critical conversation to determine if this professional is the right fit for you. You’ll need to equip yourself with [...]
This Month's Highlights: We're (meaning all of us) Extremely Busy Will Early Decision Really Cost Me? What Is Fair? What Is Up With The FAFSA Financial Aid Insider Date: December 2024 Dear Parent(s), For high school seniors, December is an especially busy time. Not only do many schools have their final exams, but there are [...]
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