Superfund(!) Your Child or Grandchild’s 529 Plan
Recently, my clients announced that their son and daughter-in-law were having twins. They were incredibly proud and highly motivated to start saving for their education. I told them about the 529 college savings plan which also allows tax-free distributions for private elementary and high school. The 529 plan provides an excellent tool where approved educational
Sharon Olson, CFP®, CEPA, President and Founder of Olson Wealth Group and Inspired Life Family Office®, has been recognized as a Trust and Estate Practitioner (TEP) by STEP, the global professional body for trust and estate advisors. STEP has over 21,000 members globally, including lawyers, accountants, trustees, and other practitioners that help families plan for
Table of Experts: Mergers and Acquisitions Panel Discussion
Olson Wealth Group President and Founder, Sharon Olson, CFP®, CEPA, recently participated in the Mergers and Acquisitions Table of Experts panel discussion hosted by the Minneapolis/St. Paul Business Journal (MSPBJ). The discussion featured insights and perspectives from distinguished professionals, including representatives from Olson Wealth Group, Highland Bank, RSM, EisnerAmper, and Hellmuth & Johnson. As the President and Founder of Olson Wealth Group and
The Secret To Sustaining Intergenerational Wealth
Many of us have heard the cautionary tale of “shirtsleeves-to-shirtsleeves in three generations,” in which a family builds a fortune only to have it gone by the third generation. Many successful families understandably wonder how a family can lose its wealth in such a short amount of time. And more importantly, they want to know
Olson Wealth Group Cares About What Matters to You: Wait to File Your Taxes
As your trusted financial advisor, it is important to keep you informed to ensure you have accurate information and updates about the process for reporting your investment income and preparing your tax documents. In an effort to save you and your CPA some frustration, we advise that you NOT file your taxes until at least
LPL Research recently unveiled Outlook 2024: A Turning Point, which recaps where markets have been over the last half of 2023 to help position your portfolio through midyear of 2024. It’s with pleasure that we bring you a few of its key highlights today. In 2024, we believe markets will make a definitive turn to a
A New Head at the Family Office Table
Women often “tend to be more deliberate in their decisions and look longer term, and end up more effectively making risk-return judgments” as a result, notes Sharon Olson, founder and president of Olson Wealth Group, a multi-family office in Bloomington, Minn. Olson’s company currently advises many multi-generation ultra-high-net-worth families, along with other private clients, on business succession
Is It Time To Consider A Multifamily Office?
New chapters, particularly ones with newfound wealth, often require thoughtful, strategic planning to achieve both long-held and newly identified goals. And within a family, this process involves navigating a variety of viewpoints and relationship dynamics that come with managing potentially complex financial and legacy components. It’s an assignment few individuals or families can successfully take
Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change. It’s a theme we could all embrace six months ago and what we will continue to rally around through year-end. That’s not to
A Strategic Approach To Tax-Advantaged Charitable Giving
Donor-advised funds and charitable remainder trusts are often viewed as mutually exclusive philanthropic strategies. And while many debate the advantages of each, combining them offers leveraged tax deductions, income back to the donor and, in the end, a legacy gift to charitable organizations on your terms. So, how does one maintain the flexibility to freely