Qualified Opportunity Zones (QOZs) come up often in financial planning conversations, particularly for clients who have a strong need to mitigate capital gains tax issues. A QOZ is a classic example of one investing tool which delivers the most value as one component of a multifaceted strategy. A QOZ has four main benefits: Defer the [...]
Be aware: This article discusses the rising impact of Deepfakes and how to identify them. With the growth of technology, we’ve seen the evolution and adoption of artificial intelligence (AI) skyrocket. Looking to simplify workflows or to innovate upon existing business, cyber criminals are using these same tools to for more sophisticated cyberattacks to commit [...]
Check Off Your Insurance Check-Up: An Insurance Coverage Checklist Insurance is one of the most crucial components of financial well-being, even though you may not necessarily receive an actual payout from a policy. Many things in life are especially valuable, such as your time, your health, your home, and even your life. Insurance can [...]
Small Business Owners - Dance Your Way to Tax Benefits Jazz up your financial dance floor by steering clear of the dull groove of inaccurate record keeping! Picture this: a well-choreographed routine of meticulous bookkeeping, where every dollar waltzes in and out, setting the stage for a financially focused business extravaganza. Keep those records in [...]
Trusts are an important part of an overall estate plan, and should not be overlooked For the average investor, setting up a trust with your estate attorney as part of estate planning can make a lot of sense. For wealthy investors, it can be nearly essential. So why then do only 33% of Americans [...]
Strategic Reasons for Partial Roth Conversions Before Year-End Looking for a tax-strategy for your investment portfolio? A Roth Conversion is something to consider. Both IRAs and 401(k)s provide the opportunity to cultivate tax-free growth within your investment portfolio. While contributions to Roth retirement assets incur taxes, the potential for tax-free growth and withdrawals in [...]
Key Takeaways Inflation expectations over the next 12 months have convincingly improved, giving the Federal Reserve (Fed) reasons to pivot. We will likely notice improving inflation dynamics later this week. Risk appetite improved as investors considered bringing cash off the sidelines and into capital markets, pushing the markets to new all-time highs. Building permits, [...]
The Two Faces of Debt - Good Debt vs. Bad Debt Understanding Good Versus Bad Debt Can Help You Make Smart Financial Moves Credit card debt is a huge challenge for many people. According to Debt.org, Americans owe $986 billion on credit cards, surpassing the prepandemic high of $927 billion. While credit card debt [...]
Tools and Techniques Raising a child is expensive. From the day a baby is born until the day they turn 18, a typical family will spend about $310,605 — or about $17,000 a year, according to a recent Brookings Institution analysis of data from the U.S. Agriculture Department.1 If you’re planning to start a [...]
Your Dashboard for Retirement Planning and Beyond! Hey there, future retiree! As you approach the golden years (and much much earlier), it's so important to put on your financial detective hat and dive into the world of numbers to ensure a smooth sail into retirement. Let's make this journey as friendly as possible by [...]
