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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 specialists’ advice on saving, spending, investing, retirement, taxes, giving and more to help you enjoy a full life.

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Working Wealthy – It’s Not Easy Waiting

This past winter, I built an ice rink in our backyard. It was a labor of love—for every hour of work that went into it, we probably enjoyed about 10 minutes of equivalent ice time. Even with that trade-off, it was entirely worth the effort. Attempting to be a good neighbor in our new home, […]

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Buy, Sell or Hold: What to Do or Not to Do with Investments (think GameStop) During Divorce

The financial news outlets are always talking about the next hot stock. “Buy this stock, or you will regret it” or “It’s time to dump this stock; it’s done for!” When listening to the 24-hour news loop day in and day out, it’s hard for many investors not to feel a bit of FOMO (fear […]

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Fraudulent Unemployment Claims – How To Spot It, Report It, and Protect Your Identity

The rise of unemployment and the increase in unemployment benefits resulting from COVID-19 has pathed the way for criminals to take advantage of state governments and their unemployment programs and filing systems, resulting in a significant spike in fraudulent unemployment claims all across the country. Criminals take on innocent people’s identities, using their social security […]

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Top 5 Ways To Gift Outside of Cash

When people think about their personal philanthropy, they often envision giving weekly to their church or writing checks to an organization during an annual fundraiser.  However, many people don’t realize that there are multiple other ways to give, some of which provide financial benefits above and beyond a simple tax deduction.  While it’s true the […]

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Gifting of Carried Interest – A Strategy To Save Estate Taxes

One of the common pain points for financial professionals (private equity professionals, investment bankers, and asset managers) that we hear is “I pay too much in taxes.” Most professionals typically are talking about income taxes; however, estate taxes often get overlooked. If you are a private equity professional, one of the great tactics unique to […]

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Important Changes From The American Rescue Plan of 2021

President Biden recently signed the $1.9 trillion American Rescue Plan Act of 2021 (the “American Rescue Plan”). The package expands relief provisions first introduced in the Coronavirus Aid, Relief and Economic Security (CARES) Act from March 2020 and introduces new measures to help families and businesses. What does this mean specifically for you? Below is […]

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Selling the Agency on Your Timeline

Last fall, I received a phone call from Mark, an owner of a successful multi-generational insurance agency. Mark is in his late 50s and has been running the family agency for the past two decades. Mark was stressed out over the thought of selling his agency. He had multiple offers from competing agencies that were […]

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6 Tax Planning Checks That Could Save Thousands!

Now that tax time is here; you’re probably starting to load everything into your tax preparation software or send documents to your CPA.  There are many tax documents mailed to you or available online, but what about some of the items that are tougher to keep track of?  Here are six tax strategies that are […]

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Gifting Stock Options to Family Members – What You Need to Know

Stock options have long been an attractive component of executive compensation. Sometimes we are asked if it is possible to transfer employee stock options to family members as part of an estate reduction strategy. It’s an interesting question and possible under certain circumstances. For executives that know they have enough to meet other goals and […]

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Cash Balance Plans – What’s in It for Me?

Now that the political picture has come into sharper focus, many investors wonder what they should be thinking about in terms of tax planning.  While the Biden administration has yet to roll out specific tax-related priorities, most observers believe that some tax reform is forthcoming.  With that in mind, what should attorneys be thinking about […]

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5 Estate Planning Musts After a Spouse Dies

When a spouse passes away, the remaining spouse is often left to grieve the loss of their partner and to wade through a seemingly unending list of things to do. If you’ve lost a close family member, you’ve probably experienced needing to make final arrangements, settling final bills, going through financial records, etc. While it […]

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The Importance of a Business Contingency Plan

There is no way around it – the life of a business owner is hectic.  Constantly worrying about things like revenue growth, product development, and employee retention can be very stressful.  Outside of work, there is a desire to allocate remaining time to family, friends, and other important things.  This results in many business owners […]

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