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On The Horizon Blog

The financial planning and investment landscape changes at a dizzying speed – and often with conflicting messages. Read our team of experts’ advice on saving, spending, investing, retirement, taxes, giving and more to help you enjoy a full life.

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New Year, New Tax Law for Divorcing Individuals

As we get settled into 2019, we’re faced with fresh changes to the tax code, brought about by the Tax Cuts and Jobs Act (TCJA) of 2017. One of the biggest changes that became effective as of January 1 is how alimony is treated in divorces finalized in 2019 and beyond. Before January 1, 2019, […]

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Expensive Investment Lessons Learned

I recently sat down with “John” a thirty-year-old insurance professional who just received a large year-end bonus. This is the fourth year in a row he received a six-figure bonus from his agency. John was feeling good about his income and his potential to become wealthy but is very concerned and frustrated as to how […]

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5 Easy Tasks That Should Have Been Part of Your 2019 Resolutions

Most New Year’s resolutions are busted by now. There are a million reasons why the ambition of late December drains so hastily with the turn of the calendar. Maybe people really don’t have time to spend an hour at the gym every day and lay out calculated meals seven days in advance. Perhaps a child […]

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Optimizing ‘Your Family’ Capital’s Balance Sheet

A critical input to understanding an operating company’s current health and growth potential is the balance sheet. The balance sheet is a great tool that can provide insight into the foundation of a firm. Financial professionals, including investment bankers and private equity professionals, spend countless hours advising companies on how to achieve their next goal […]

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Wise Lawyers Think About Their Money

How Wise Lawyers Think About Their Money

It’s human nature to wonder what other successful people are doing.  This is especially true of lawyers where precedent is such a powerful concept.  With that in mind, here are some key habits of the most financially savvy lawyers I’ve known. 1. Focus on what you can control So much of our lives, especially our […]

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Estate Tax - Will You Have To Pay?

State Estate Taxes – Will You Have to Pay?

The Tax Cuts and Jobs Act of 2017 made the federal estate tax less relevant from a planning perspective, since it raised each person’s exemption from the tax to over $11 million.  So, estate taxes are nothing to worry about, right?  Not so fast, since thirteen states levy their version of the tax.  That is […]

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Protecting Your Children from Identity Theft

Protecting your personal identity has been increasingly important in recent years, as concerns of hackers, data breaches and email scams all potentially expose your most sensitive information to online users. However, what most families do not realize is that Mom and Dad’s account numbers and social security numbers aren’t the only ones at risk anymore. […]

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Working Wealthy – Take A Minute

The days are shorter and, depending upon where you live, the temperature is most likely much colder. It’s almost year-end, and in the world of personal financial planning, we’re focusing on helping our clients take stock of all they’ve accomplished over the past year. But here’s the thing—many of us don’t take the time to […]

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Finalize Your Divorce Before the Final Day of 2018

With the New Year comes many things: fresh starts, new beginnings, and resolutions to improve and better ourselves. Above all, this New Year’s Day brings changes to the tax code that could greatly impact families going through a divorce. So, what changes are coming, and how can you best prepare and position yourself financially? Alimony […]

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Key Planning for the Youngest in the Family

Sending your young adults off to college, especially when it is for the first time, can be hectic.  The focus is usually on getting signed up for the right classes and moving a car load of belongings into a small dorm room.  These are really important and the to-do list for setting up your college […]

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The Gift that Keeps Giving – Year-End Charitable Gifting

Hard working, well compensated, and generous are words we use to describe our insurance producer clients.  These characteristics all lead to year-end tax planning opportunities around charitable giving. We recently completed year-end tax planning for an insurance producer (we will call him Mike) who works for a publicly traded agency. Mike and his wife Mary […]

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Top 3 Things Smart Financial Professionals Do with Their Money

Over the course of the last few years, I have spoken with hundreds of financial professionals ranging from private equity professionals to investment bankers to asset managers. These conversations uncovered both the trials and the tribulations of their personal wealth management. Although plenty of individuals confessed their missteps, the tribulations they shared contained a few […]

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