The financial planning and investment landscape changes at a dizzying speed – and often with conflicting messages. Read our team of specialists’ 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 specialists’ advice on saving, spending, investing, retirement, taxes, giving and more to help you enjoy a full life.
February 1, 2022
A full business valuation – many business owners hear those words and cringe. Hours of data and document gathering, coupled with a hefty price tag, only for someone to provide an estimate of their business’ value that they already have a good handle on. Why would anyone do that? What are the benefits? There are […]
January 25, 2022
It’s hard to believe that we’re at the beginning of another new year. Since ‘tis the season for making resolutions, I thought I would provide some ideas for helpful New Year’s financial resolutions for attorneys. Putting these tips into practice should help you get 2022 off to a strong start from a financial perspective. 1. […]
January 18, 2022
Losing a spouse comes with deep emotional grief and an overwhelming amount of complex financial and legal decisions. Many widows are in a state of shock where memory is uncertain, attention span is short, and decision-making seems nearly impossible. Here are three tips on how to protect yourself financially after loss: 1. Don’t rush into […]
January 11, 2022
Happy New Year! One of my favorite holiday traditions is to set goals for the new year and review my previous year’s goals to celebrate and recalibrate for goals that I didn’t accomplish. While working on my 2022 goals, I was struck by a gift my daughter recently received of a poster with the “7 […]
January 4, 2022
Recently, the well-known 4% withdrawal rate rule of thumb has come under fire. For those not familiar, the 4% withdrawal rate comes from research by William Bengen, which demonstrated that, based on a historical analysis of stock and bond returns, retirees could withdraw up to 4% of their portfolio’s value each year over a 30-year […]
December 28, 2021
The market has been very good to investors the past few years. Aside from a harrowing but brief downturn in March and April of 2020, investors have been rewarded handsomely for investing in stocks. Is now the time to get greedy? We talk to clients all the time about risk—how much do you need; how […]
December 21, 2021
If you have a friend who was divorced after being married at least ten years, they may be able to claim social security benefits on their ex-spouse’s work record. Here’s how it works: There are no decisions to make during the divorce. The benefits are determined by the Social Security Administration when your friend reaches […]
December 14, 2021
We have all been there – you see a nice sports car, fire engine red, and think to yourself, “Wow, what a beautiful car!” What makes it a nice car? Just the way it looks, or does knowing there is a ton of horsepower under the hood also make it desirable? But what if you […]
December 7, 2021
Your children and grandchildren may be asking for the latest technology gadgets and hot new toys for the holidays, but the best gifts are not the ones on their list of things you can buy at the store. As parents and grandparents, our quest is to raise happy and healthy children. While the hottest new […]
November 30, 2021
Tax planning for 2021 has been like watching your favorite football team drive down the field to kick the game-winning field goal, and suddenly the coach calls a timeout because the goalpost keeps moving. When President Biden was elected, we expected an unfriendly tax overhaul geared toward taxing the wealthy. With that in mind, last […]
November 23, 2021
If you are an international investor or have spent time living or working outside the US, this topic is essential to understand. While it is easy to avoid, the consequences of owning a PFIC can be so substantial that your returns are eaten away, and you are left with a nasty tax situation. Background: US […]
November 16, 2021
In my conversations with financial professionals (private equity professionals, investment bankers, asset managers), I commonly ask the question, “what are you most concerned about as it pertains to your personal wealth management?” The answer, almost unanimously, revolves around taxes. This is a major area of concern, and the past year has left many people scratching […]