Key Financial Planning Considerations When Buying a Vacation Home The desire to own a vacation home has seen a sharp rise in recent years, fueled by lifestyle changes and the increasing prevalence of remote work, which provides more flexibility in where people choose to live and relax. Many are now seeking not just a place…
Donor-Advised Funds vs. Family Foundations: Choosing the Right Giving Strategy for Your Goals Philanthropic giving is a powerful way to create lasting change in the world. Whether your passion lies in education, healthcare, environmental conservation, or another cause close to your heart, your charitable contributions have the potential to make a real difference. However, to…
Incorporating Life Insurance into Your Financial Plan: Key Considerations & Benefits Life insurance is more than a safety net for your loved ones—it’s a powerful, flexible financial tool that can provide peace of mind and lasting security. While building wealth is a common focus, protecting your family’s financial future is equally vital. Life insurance does…
The Benefits of Establishing a Personalized Investment Policy Statement An Investment Policy Statement (IPS) is more than just a document—it’s the blueprint for your financial journey, meticulously outlining your investment goals, strategies, and guidelines. While often associated with financial professionals, an IPS is a powerful tool for anyone looking to take control of their financial…
Inheriting an IRA? Here’s What You Need to Know Inheriting an Individual Retirement Account (IRA) can be both a financial opportunity and a challenge. On one hand, receiving a sizable inheritance can boost your financial stability, help you achieve long-term goals, and even provide a reliable income stream. On the other hand, inheriting an IRA…
Understanding Potential TCJA Expirations: Implications and Planning Strategies The Tax Cuts and Jobs Act (TCJA) of 2017 brought sweeping changes to the U.S. tax code, reshaping tax rates, deductions, and credits for individuals and businesses alike. While this legislation has influenced the financial landscape for several years, many of its key provisions are set to…
3 Advanced Roth IRA Conversion Strategies for High-Income Professionals Roth IRAs offer several benefits, including tax-free growth and withdrawals during retirement. However, not everyone can contribute directly to a Roth account due to income restrictions imposed by the IRS. This caveat can pose challenges for high earners seeking to benefit from a Roth IRA’s unique…
Family Limited Partnerships & Estate Planning: Key Considerations for High-Net-Worth Families The Tax Cuts and Jobs Act (TCJA) of 2017 introduced several provisions that are set to expire at the end of 2025. One of the most significant changes on the horizon is the reduction of the estate tax exemption. As of 2024, estates valued…
Retiring Abroad: Pros, Cons, and Considerations Retiring abroad has become an increasingly popular option for many Americans seeking adventure, a change of pace, or a way to stretch their retirement savings. In fact, data from the Social Security Administration shows that the number of Americans collecting retirement benefits overseas jumped from approximately 413,000 in 2017…
Value vs. Growth: Is There a “Right” Way to Invest? Long-term investing is more than just putting money into the stock market; it requires strategic planning and choosing investments that align with your financial objectives. Two popular yet distinct approaches investors often use to build wealth are value investing and growth investing. Although both investment…