It is easy to leave money on the table. Pay attention to vesting schedules and other important timelines. Check out our blog post to make sure you have covered your bases before you submit that resignation letter!
529 plans can be a huge “utility” tool in a portfolio. In addition to funding education, 529 plans can be a tax savings tool and gifting /estate planning tool.
Where will my income come from in retirement? How will I know which account or source to tap when? Learn more to better understand how your retirement paycheck is created!
For many people, a budget may invoke the idea of a diet. Budgeting doesn’t always mean cutting something out rather it is a guide to alternatives that honor your financial plan.
Am I going to be okay? How do I know if I have the right plan? Will the investment strategy I have in place protect me from a market drop? Inflation? Deflation? Rising interest rates? Lower interest rates? We frequently get these types of questions.
There are many benefits to planning as we head into year end. Having a solid financial footing helps with all of the levers of financial management including tax planning, retirement savings, and protecting your loved ones.
According to Fed Chairman Jerome Powell, the economic outlook is bright. Unless, of course, it isn’t.
In-er-tia, a tendency to do nothing or remain unchanged. (The Oxford Dictionary)
“There is no time like the present.”
“Just do it”
“Never put off til tomorrow, what you can do today”
Procrastination, the bane of our existence. Yes, there are more serious things to worry about, but your financial health is pretty important. In our chairs we see a great deal of financial/investor inertia.
What causes financial inertia?
2021 is finally here! We all tend to feel like we are starting with a clean slate as we kick off the new year. It feels like a new beginning...
From a financial perspective, it is a great time to take stock of your family’s current savings plan and ask yourself if there is room to save more or if you are missing opportunities to save in a more tax-efficient way. Here are a few of our favorite tips that are often overlooked.
2020 provides unique year-end tax planning opportunities for several reasons, including lower tax rates, the Secure Act passed in late 2019, and the Cares Act passed earlier this year. While we expect there to be tax code changes down the road as a result of a new presidency and legislature, it is important to stay focused on current tax planning opportunities with an eye to the future.
Potential opportunities include
Income Bracket Management:
We are including our 2020 End of Year Checklist for your review. Please feel free to reach out to us with any questions.