The American Rescue Plan Act of 2021: What you need to Know!
The American Rescue Plan of 2021, intended to drive $1.9T economic stimulus and provide fiscal relief in response to the ongoing COVID-19 pandemic. Here are some of the key facts that we felt were important for you and your family to be aware of.
Do Individuals in retirement need an estate plan?
If you are retired, spending down your assets, and don’t have young children that need guardianship, do you really need an estate plan? The answer is still YES because if you don’t have one the government will get to decide!
Home Improvements and Modifications for Aging in Place
Though many of us won’t be able to live independently forever, home modifications will allow your loved ones to continue to live in their home longer by creating a more manageable environment. Whether they’re living in a single-story condo in Dallas, TX or a three-story home in Portland, OR, there are modifications that can be made to every home to help make daily tasks a little easier.
What's the Difference between Active Investing and Passive Investing
Active investing and passive investing are strategies that investors and wealth managers use on their portfolios. In this video, we run through the basics of each strategy.
Managing your Retirement Income and Withdrawals
This article dives into understanding the tax impacts on withdrawals, how to handle withdrawals under the CARES Act, and the benefits of tax diversification.
Understanding Long Term Care
Long term care is a topic that we all know about but not many individuals are getting ahead and planning for it, even though 70% of people turning 65 will need some type of long term care services in their lifetimes.
Top 5 Retirement Money Mistakes
After 17 years in the financial planning business. These are the 5 most common mistakes I see on a monthly basis.
5 Ways to Setup Your Adult Children for Financial Success
As your children age and learn to navigate their own financial challenges and opportunities, guiding them through these milestones and instilling good financial habits will help set them up for financial success. This video reviews five financial tips to share with your loved ones.
Cryptocurrency: What’s It All About?
Attractive Bitcoin prices have many investors considering cryptocurrency for the first time. Before you start loading up on bitcoin or any other form of cryptocurrency, let’s take a closer look at what you may be getting yourself into.
Video FAQ: Liquidity 101
Liquidity refers to an asset that has a ready and waiting market on both sides of the buy-sell equation. If you are selling and there is liquidity, then you most likely will find a buyer willing to pay a fair price. This means you won’t be stuck holding the investment at a time when you need cash.
A 2021 look at The Fourth Turning
In 1997, Neil Howe and William Strauss published “The Fourth Turning” which goes into detail on how history moves in 80-year cycles and each one is divided into periods, defined by each generation (i.e., Baby Boomers, Generation X and Millennials) as they come into adulthood. Each of these phases hold one generation at a time, and each phase is associated with a specific societal role.
Video FAQ: What is a Net Unrealized Appreciation Strategy & Is It Right for Me?
We've been getting a lot of questions regarding Net Unrealized Appreciation (NUA) strategies. This video reviews the basics of NUA as well as some practical examples.
Your Kids are Grown – Here are 5 Ways You can Help Them - Preserve and Grow Their Wealth!
Your children are grown, they have a stable source of income, and are navigating through life milestones. It might be time for you to check-in and help set them up for success.
Video FAQ: An Overview of Gift Taxes for 2021
Yes, there is a federal tax on gifts. Here, we explore three ways to avoid certain gift taxes.
2021 and Beyond: Key Tax Impacts from the Biden Administration to Consider
It’s a new year with a new administration and President Joe Biden has proposed many changes that could impact your taxes. We have pulled a few of the key features from Biden’s proposals that we feel are important for you to review and think about how these proposed changes might affect your financial strategy.
Video FAQ: Should I Own Bitcoin in My Retirement Accounts
This video FAQ discusses the potential reasons that you may want to include Bitcoin in yourretirement accounts, and why you may not.
Video FAQ: Selling the House After a Spouse Passes Away
In this video FAQ, we answer the question, “how long do I have to sell my house after my spouse passes away in order to avoid capital gains?
Video FAQ: How Do You Measure Risk Tolerance for Investments?
In this video FAQ, we discuss two approaches for evaluating and managing risk tolerance.
Video FAQ: Do I Need an Immediate Annuity?
This week's question is, "do I need an immediate annuity?" And, the answer is that it depends on how much risk you want to take on, what your time horizon is, and what your other assets are.
Tax Planning for People with Concentrated Positions
In this post, we’ll explain more about what a concentrated position is, the impact it can have on your finances, and the best ways to manage your taxes when you’re trying to reduce your position.