Below you'll find a list of all posts that have been tagged as “estate planning”
Key Tax Cuts May Be Sunsetting — Here’s How to Plan Before They Do If you’re a high-income earner or business owner, your 2025 tax year may be your last chance to take advantage of several provisions in the Tax Cuts and Jobs Act (TCJA) — unless Congress acts to extend them. Originally passed in 2017, the TCJA brought sweeping …
In times of financial turbulence — when markets swing wildly, headlines scream about economic downturns, and investor anxiety spikes — it’s easy to let emotion drive decisions. But this is precisely when a seasoned financial advisor becomes not just helpful, but indispensable. Here’s how a trusted advisor keeps your financial controls under control when the markets aren’t. 1. They Help …
Understanding the allure of chasing investment returns Chasing high investment returns can be tempting in investment management and financial planning. However, this approach can come with significant risks that may only sometimes be apparent. As a financial advisor or planner, it is crucial to understand the potential pitfalls of focusing solely on investment returns and consider a more comprehensive approach …
Understanding the importance of strategic financial planning As you enter your 30’s, you must start thinking about strategic financial planning for long-term success. Whether you’re looking to buy a home, start a family, or save for retirement, a solid financial plan is crucial. From working with a certified financial planner to understanding tax planning and maximizing your savings, there are …
Time is a critical factor when it comes to saving for retirement, yet it is often overlooked or underestimated. Many individuals put off planning and saving for retirement, assuming they have plenty of time to catch up later. However, the truth is that time is one of the most valuable assets in retirement planning. The earlier you start saving and …
We may not be able to see into the future, but we should try to prepare for it We don’t know what’s right around the corner, but it could be a car wreck, job loss, natural disaster, or another kind of emergency with the potential to put us in a debt- crisis situation. Preparing for emergencies by ensuring we have …
Putting it off and dying “intestate” may not be the legacy you want to leave your loved ones The pandemic raised awareness about the importance of having a will, living trust, and other end-of-life documents. Still, only one in three American adults actually have a will or living trust. According to the Caring.com 2022 survey, the top reasons people gave …
Required minimum distributions take on added urgency as you approach (and reach) age 73, with specific rules and tax implications Seventy-three is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans (previously, the threshold was …
Trying to buy or sell assets based on absolute market highs or lows may produce lower returns. Buying low or selling high is a prudent strategy for most investors, an effort to maximize returns. But buying the lowest or selling the highest is an elusive strategy, one that is difficult to execute and that may lead to lower returns and …
Creating an estate plan is a key component of achieving financial wellness Most people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues. While it’s not pleasant to think about, you may be the one who ends up having to sort out their affairs. …
