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.
What is the difference between revocable and irrevocable trusts?
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...
Can I make a tax-deductible traditional IRA contribution?
A Traditional IRA serves as a valuable tool for individuals seeking to save for retirement while deferring taxes. Nevertheless, several factors come into play when assessing eligibility for...
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...
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.