Use It or Lose It? Your Lifetime Gift and Estate Tax Exemption and the 2025 Sunset
We wrote recently about taking advantage of various strategies to make maximum use of the current, larger exemptions for estate and gift taxes before their potential reduction in size at the end of 2025. It bears repeating: In 2023, a married couple with an estate worth up to $25.84 million would be able to pass […]
How a 401(k) Plan Can Put You on the Path to a Secure Retirement
According to recent figures from the Economic Innovation Group, 69 million Americans, or about 56% of the national work force, lack access to a retirement plan through their employers. Perhaps even more seriously, a third of Americans have little or no retirement savings whatsoever. One irony in these statistics is represented by the fact that […]
Your Investment Philosophy and Your Strategies for Success
Have you ever thought about the difference between a dream and a goal? While both are important, one difference could be that the first involves wishes, hopes, and idealistic visualizations, and the second one involves plans, actions, and decisions that lead to a desired outcome. Certainly, a dream can result in a goal, but it […]
Gifting Strategies You Can Use Now
The Tax Cuts and Jobs Act (TCJA) of 2017 basically doubled the size that an estate must be to incur estate taxes, from $5.6 million to $11.18 million for individuals (in 2017). Currently, after adjustments for inflation, an individual has a lifetime estate and gift tax exemption of $12.92 million, and a married couple can […]
The Empty Nest and Your Retirement: Things to Know
Most parents will tell you that providing the necessary financial and logistic support needed to raise kids and prepare them to launch out on their own can seem like more than a full-time job. Between school drop-off and pickup, sports team practices and games, musical or theater performances, other extracurricular activities, and finding time to […]
Why is Financial Planning a “Must-Have” for Everyone?
Financial uncertainty has increased in 2023. The question for many is how to face this uncertainty. Although two-thirds of Americans agree that their financial planning could improve, only 37% currently work with a financial advisor. An ongoing financial planning relationship with a trusted financial professional can ensure that needed conversations occur to create a financial […]
6 Estate Planning Tips for Blended Families
Estate planning can be tricky, especially when you’re part of a blended family.Over 50% of U.S. families are estimated to be remarried or re-coupled. Ensuring a smooth wealth transition can be challenging with multiple relationships, children from previous marriages, and differing financial dynamics. You can never guarantee that everyone in the blended family will be […]
Staying Focused As Markets Shift
The second quarter of 2023 gave investors plenty to think about—from mounting interest in AI to shifting inflation rates to the debt ceiling debate. Investors who remained focused on a diversified portfolio of equities and fixed income, benefitted from advances in both asset classes during Q2. Shifting to a Bull Market Stocks rebounded in 2023 […]
Embracing Retirement: Live a Fulfilling Retirement Lifestyle
Ready to craft a fulfilling retirement? Embrace a new chapter of life brimming with opportunities for self-exploration and independence. Our article, “Preparing for Your “Next Act”: It’s More About Money” provides tips to guide your journey. Now, we share ideas for living your best retirement, including how to strike a balance between planning and making […]
Preparing for Your “Next Act”: It’s about More Than Money
Retirement You’ve worked and planned for it for years, and it’s right around the corner: retirement. You’ve budgeted, kept a close eye on your IRA, 401(k), or other retirement accounts, you’ve estimated your income from Social Security and pensions, and you’re ready to ease into a time in life when you can spend more time […]
