529 College Saving Plans Now Includes Private Elementary and High School Tuition.
Under current tax laws, ‘Superfunding’ a 529 college saving account allows you to make five years of contribution ( 5 X $15,000 = $75,000) at one time while still qualifying for the annual gift tax exclusion.
Don’t try to time the market – Stay Invested!
Timing the market like a 50/50 coin toss is risky and a gamble we urge our clients to avoid. Here's why...
Debunking the Myth on Withdrawal Rates
Although the financial industry tells us that 4% is the appropriate rate of withdrawal from a retirement fund, this oversimplification may result in almost 20% of retirees running out of money. An historical look at the bond market shows why applying a 4% rate of withdrawal will be disastrous to many retirees.
Your Best Tips for Managing the Family Money
We clearly have complicated feelings about money and spouses and children can make it even more difficult if we aren’t on the same page about managing money. The New York Times presents “Best Tips for Managing Money”, sage advice about how to prevent money management from fracturing families.
Business Owners With No Retirement
In my experience, 70% of my clients who own businesses do not have a retirement savings plan. For many entrepreneurs, their wealth is tied up in their firms. These few steps can help you pursue your retirement goals.
Favorable Short Term Interest Rates
If you have a large amount of money sitting in a checking or other low-interest account, you may be surprised to find out just how much more income you could realize by exploring other options.
Market Volatility can be a Learning Lesson.
The volatility we experienced in December challenged investors to understand their personal truth around risk and investment principles. As a wealth manager over multiple market cycles, I have found the following investor traits bring greater clarity to financial and investment decisions.
Estate Planning: Don’t Set It and Forget It (Part 2)
Last month, we spoke about ‘dusty wills’ when you have to blow off the dust because it’s been so long since you reviewed them. In Part 2, Paul Brown, attorney and president of Chandler & Brown, LTD, continues to share some real-life examples of what can happen if estate planning oversight is neglected.
Estate Planning: Don’t Set It and Forget It (Part 1)
Do you have a "dusty will"? When it comes to estate planning, this article illustrates what can happen if "life events" such as marriage, divorce, birth of a child or grandchild, move to another state, death of a beneficiary or receipt of an inheritance are overlooked.
Snowbird season has arrived and we’ve listed some important things to consider when planning a prolonged absence in the sun. Start keeping a running list on your phone a month before you leave. That way, when it’s time to pack, you’re already done with the mental preparation and packing will just be collecting what you need.