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.
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.
August 4, 2020
The recent pandemic forced many companies to rethink the way they do business. Over the last three months, employees have had the flexibility to work from anywhere they want, which may include working in a different state from where they reside. Employees that escaped their home state to work from their lake house or an […]
July 28, 2020
Weddings, graduation parties, and dentist appointments were not the only things put on hold during the coronavirus pandemic. COVID-19 has changed the course of all our lives regardless of whether our personal health was impacted or not. Over the past few months, I have seen firsthand the impact it has had on agency owners who […]
July 21, 2020
When you’re going through a divorce, the symbol of commitment your rings have may become a source of emotional pain. And yet, you must now go through the tactical motions of splitting everything up. So, what do you do with that ring? The answer is…it depends. Asking yourself three questions can help clarify your decision […]
July 14, 2020
On June 23rd, the IRS issued additional guidance regarding 2020 required minimum distributions (RMDs). As you may remember, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) waived many required minimum distributions for 2020. However, there were still a few taxpayers that may not have been afforded relief under the CARES Act – that […]
July 7, 2020
Perfect is the enemy of good. I’m not certain who said it first. I understand it relates back to an Italian proverb, and it appears Voltaire was the first to pen a paraphrasing of it. In any event, let’s not get bogged down with precision on the source of the learning. Let’s focus on how, […]
June 30, 2020
Professional investors need to have a good grasp on the balance sheet of a business they are investing in. Having a deep understanding can inform strategy and help make the best decisions. The same goes for your personal wealth. Without a full view of your assets and liabilities, you are flying blind. Previously, we have […]
June 23, 2020
We all know the last several months have been perhaps the most unsettling times any of us can remember. As a result, I have had countless conversations with clients to help them navigate these stormy seas. I thought I would share some key questions I’m hearing from our lawyer clients and the advice I have […]
June 16, 2020
Due to their tax-advantaged nature, 529 college savings plans have quickly become one of the most popular ways for families and individuals in the United States to set money aside for college. These accounts offer special income tax deductions in many states for those that contribute to a 529, and any growth from investments within […]
June 9, 2020
Many factors influence the decision of where to retire. Family, familiarity of surroundings, climate, and cost of living are just a few to consider. What about state taxes? They are often overlooked and just “accepted” as an expense. In the current environment, the trend of where taxes could go based on the financial stability of […]
June 2, 2020
If you are an executive working for a public company, it’s likely that a big portion of your wealth is tied to your company stock. As stock prices fall, obviously the value of your stock-based compensation also drops. This can be paralyzing. Amid the chaos, how do you answer the simple question: “what should I […]
May 26, 2020
For high earners and big savers, there are limitations on contributions to designated retirement accounts. Specifically, in 401k accounts, the maximum you can deduct from your salary is $19,500 in 2020. For those over 50, a “catch-up” contribution is allowed up to an additional $6,500. What many don’t know about 401k accounts is that there […]
May 19, 2020
As we all adjust to the realities of the COVID-19 pandemic, we find ourselves with a lot more time at home due to the Stay at Home order. Our commute times are now a simple walk down the stairs, many of the social gatherings that filled up our weekends are cancelled, and that means more […]