The fall of major banks like Silicon Valley Bank, Signature Bank, and Credit Suisse have rightly spooked investors and raised questions about the relative health and sustainability of the banking...
What does Medicare cover?
WHAT DOES MEDICARE COVER? Most people are familiar with Medicare Part A (inpatient/hospital coverage) and Medicare Part B (outpatient/medical coverage). These two parts combined make up what is...
Should I sell a stock when the price declines?
SHOULD I SELL A STOCK WITH A DECLINE IN PRICE Deciding whether to sell or hold a stock can be one of the most difficult and important aspects of investing in equity markets, as our emotions can work...
Tax Planning Tips for 2022
Last Minute Tax Planning Tips for 2022 It’s that time of year again! As we close out 2022, be sure to consider any final opportunities to help reduce your 2022 income tax liability. While every...
Why is an economic soft landing so difficult to achieve?
A soft landing is achieved when an economy moves from a growth period in a business cycle to that of slow growth, or no growth, while avoiding a recession. In the U.S., hard and soft landings...
If I inherited an IRA, do I have to cash out? What is the 10-year rule?
An individual retirement arrangement (IRA), or more commonly referred to as an “individual retirement account,” is a tax-deferred investment account that helps you save for retirement. Tax laws that...
What is probate and why is probate avoidance important?
On October 20th, we partnered with ThompsonMcMullan on a webinar to answer common probate avoidance planning questions. ThompsonMcMullan is a law firm with Estate Planning Attorneys located near our...
What are the annual contribution limits for 529 Plans and what is superfunding?
It’s no secret that the cost of education is on the rise. The key to preparing for this large but important expense, is to develop a savings strategy early on. As we discussed in a previous Q&A...
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.