Deciding whether to do a Roth conversion isn't just about comparing your current and future tax brackets; it involves a lot more, like potential changes in tax laws and how you'll cover the conversion costs. It's a good idea to sit down with a financial planner to look at your overall situation, including future income, state taxes, and estate planning, to figure out the best move for you.
Read MoreExit planning for business owners, when started early, significantly enhances business value and ensures personal and financial goals are met. By addressing potential issues and thoroughly preparing, owners can achieve a successful and fulfilling transition, maximizing the benefits of their hard-earned legacy.
Read MoreBy familiarizing themselves with the range of financial planning and tax strategies, entrepreneurs and business owners can significantly enhance their chance of success in a business sale.
Read MoreLiquid securities investing and illiquid real estate investing can be complementary. However, the key to navigating between these areas is having an appropriate framework for how to think about investing in real estate in the context of personal planning goals, risk management, liquid investing, tax planning, and estate planning. Here are some considerations when it comes to real estate investing in the context of your personal financial planning.
Read MoreTop financial planning tips for a sudden inheritance or windfall.
Read MoreSummit Fever describes a phenomenon where a mountain-climber approaches the summit of a climb they become more likely to take outsized risks. It’s not a hard task to draw parallels between this behavior and investors with concentrated stock positions.
Read MoreYou’re already conscious consumer. How about becoming a conscious investor as well? Implement a sustainable investment portfolio that will make a difference for the causes you care about while achieving your financial goals. ESG-focused companies have not only seen higher returns in recent years, but also stronger earnings and dividends. But make sure to avoid these pitfalls.
Read MoreThe effects of psychological barriers and biases on investment decisions are well documented, yet still they often manage to be amplified when dealing with stock positions in an individual’s own company.
Read MoreTop wealth management strategies for high net worth families given the current market turmoil, low interest rate, and tax environment as a result of the COVID-19 pandemic.
Read MoreYou may have experienced the trend of sharing of investment advice on social media. You know the scenario: someone you haven’t talked to since high school opened his first Robinhood account last week and he’s got a hot stock tip to share on Facebook. He hasn’t lost yet and he’s doing YOU a favor by sharing...
Read MoreHow to successfully structure transferring sizable wealth through an inheritance so that wealth enhances the life of your heirs and aligns with your values and desired legacy.
Read MoreWhile fewer people under the new tax rules can deduct gifts to charity, there are still financial planning strategies to help your bottom line as you implement your charitable giving plan.
Read MoreWhen volatility increases in the markets, it’s easy to second-guess your investment plan instead of assessing it properly. The hallmark of a successful investor is the ability to focus on both the returns and the risk level of an investment. While the the introduction of negative returns is a reminder of the existence of risk, the assumption of risk...
Read MoreDo you remember Bitcoin? Probably, but do you spend as much time thinking about it as you did in early 2018? Most likely not, and if that’s the case maybe now is a good time to reflect on the lessons learned from the Bitcoin frenzy. Whether it was Bitcoin or some other great investment idea you obsessed...
Read MoreReal estate has performed well in prior stock bear markets. We take a look at why, and if it will hold up again in the next bear market.
Read MoreThere are substantial changes to the tax code, here’s a few of the changes related to your financial planning and investments.
Read MoreHow to have your end-of life decisions thoughtfully documented, your assets correctly distributed, and your family avoid the hassle of probate.
Read MoreA cheat sheet for retirement distribution planning.
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