In an ever-changing world, one thing remains constant: life’s unpredictability. As such, it is never too early to begin establishing your estate plan.
Securing Your Legacy
Understanding the Backdoor and Mega Backdoor Roth IRA
The Roth IRA has earned its popularity with retirement savers—and for good reason. Funded with after-tax dollars, it offers the rare advantage of tax-free withdrawals in retirement, provided you’re at least 59½ and have held the account for five years.
Taking the Time to Share Our Outlook
One of the sayings most often heard in our firm is, “It’s not about timing the market”—it’s about time in the market. With this long-term view in mind, one might ask why we spend so much time preparing our Outlook each year when the messaging has been consistent over the years. Simply put, each year brings new challenges for investors, but our commitment to clients is to stay focused on the long term.
To Gift or Not to Gift and Other Questions
According to the latest report by Cerulli & Associates, $124 trillion is expected to change hands by 2048. Just under 15% is expected to be given to charity and the remaining balance will go to heirs.
Three Pitfalls to Avoid with 529 Plan Withdrawals
When it comes to saving for college, 529 accounts are a popular choice. These tax-advantaged savings plans are designed to help families set aside funds for future education expenses. You can choose from various investment options and enjoy tax-free growth and withdrawals for qualified education costs.
Optimizing Your Finances at Year End
As the year draws to a close, it's an opportune time to review your financial situation and ensure you meet year-end deadlines to maximize your financial benefits.
2024 Required Minimum Distributions for IRA Beneficiaries Waived Again by IRS
Tyler Conroy, CFP®, writes about the IRS waiving required minimum distributions in 2024 and shares a resource for individuals for whom this may apply.
Wealth Management Insights Q2 2023: Keeping Your Estate Planning and Education Funding on Track
Read our second quarter 2023 Wealth Management Insights titled, “Keeping Your Estate Planning and Education Funding on Track.”
Optimizing the Tax Benefits of Charitable Giving
Samantha Pahlow, CTFA, AWMA®, provides an overview of planned philanthropic donations and the tax benefits associated.
Opportunities for Strategic Tax and Philanthropic Planning
Planning for a Successful Tax Filing
Taxes … just the word alone increases blood pressure and elicits a fight-or-flight response. As such, most people outsource their tax preparation. Whether you manage your taxes or outsource the task, there is still a good amount of work we are all responsible for.