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Investing in Your Child's Future: The Benefits of Custodial Roth IRAs
As parents, we all want to provide the best opportunities for our children's future. One powerful way to do so is by setting up a Custodial Roth IRA for your child. This investment vehicle offers unique advantages and can set your...
Read MoreSECURE Act 2.0 Includes New Provision On Special Needs Trusts
Experts estimate there are more than 44 million people with disabilities in the U.S., representing 13.4% of the population.1 Many parents of children with disabilities choose to establish a special needs trust. This can help provide...
Read MoreThe Ultimate Gift for Valentine’s Day
Valentine’s Day is the perfect time to show your spouse how much you care. But what if the best gift you could give them is to make sure they are financially secure?
Read MoreRules and Regulation Changes That Could Impact Your Finances in 2024
2/6 In the ever-evolving financial landscape, staying informed about the latest changes and potential implications for your retirement savings is crucial. Shifts in retirement regulations define 2024, and we’re committed to...
Read MoreThe Big Game Indicator and Other Unusual Economic Theories
It’s a fun time of year for football fans. The NFL playoffs are starting, and the Super Bowl is just around the corner. While football fans will tune in for the matchups, commercials, and Usher’s Super Bowl halftime show,...
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Major Tax Changes Looming: Are You Ready?
With the start of the new year, we wanted to discuss a topic that will likely garner attention throughout 2024: the potential sunsetting of the Tax Cuts and Jobs Act (TCJA) in 2025. Although some of the provisions within the TCJA are...
Read MoreWhat to Know When Your Child Turns 18
Your Child is Turning 18: Handling Healthcare, Academics, and Finances Together As your child blows out the candles on their 18th birthday, you may still see your baby girl or boy. But in the eyes of the law your child is considered a...
Read More2023 Recap and 2024 Outlook: Key Events and What May Be in Store
As we get ready to turn the page on 2023 and welcome the new year with all its possibilities, we’d like to take some time to reflect on the year that was—the notable events, trends, and developments that defined our...
Read MoreTechnology Guide for Dementia Patients and Their Caregivers
If you or a loved one has been diagnosed with Alzheimer's disease or any other form of dementia, this can be an extremely challenging time. While promising new treatments are developing and research continues, a cure remains elusive....
Read MoreMega Backdoor Roth IRA – Is It Right For Me?
Learn how to supercharge your Roth savings? A Mega Backdoor Roth strategy could give you the ability to stash away $43,500 per year into a Roth.
Read More10 Financial Missteps to Avoid During a Divorce
Divorce is one of the most stressful life events. Even the most amicable splits can be complicated and emotionally draining. We likely all know couples who have gone through divorce, and it can be a trying time for everyone involved....
Read MorePreparing for the Tax Cuts and Jobs Act Sunset at the End of 2025
While we haven’t yet said goodbye to 2023, it’s not too early to begin thinking about any tax changes that may be on the horizon. The Tax Cuts and Jobs Act (TCJA) of 2017 was designed to overhaul the federal tax code by...
Read MoreAI's Role in Shaping Our Tomorrow: A Look Ahead
While artificial intelligence (AI) is making headlines today, the concept of "thinking machines" can be traced back to ancient philosophers and mathematicians. The phrase artificial intelligence was first used in the mid-20th century,...
Read MoreTop 10 Questions High Net Worth Individuals Ask About Social Security
Social Security, the program you may have spent a lifetime paying into, is designed to offer stability, supplemental income, and other valuable benefits that can play a role in your overall financial strategy after you retire. We've...
Read MoreUnderstanding the September Effect: What It Is and Why It Happens
If you ask the average investor which month is the most volatile for the stock market, they will probably say October. It's a reasonable answer, but it's incorrect. Despite October's reputation for market-defining events like the...
Read MoreDon't Get Hooked: A Guide to Recognizing and Avoiding Phishing
As financial professionals, we understand how vital it is to safeguard your personal and financial information. Unfortunately, in our increasingly digital world, cybersecurity risks, such as phishing attacks, have become a prevalent...
Read MoreWhen is the Best Time to Retire?
The right time to retire depends on several factors, including your financial situation, health, and personal goals. There are four main timeframes for retirement: early retirement, retiring "on time," late retirement, and working...
Read MoreMoney Tips for Parents Sending Children Off to College
You’ve done a great job teaching your children vital life lessons and instilling values that will last a lifetime. As summer ends and a new school year begins, one thing that shouldn’t be overlooked, especially for...
Read MoreAttention Parents and Grandparents of College-Bound Students: FAFSA Gets an Overhaul
Changes are coming to the complicated form that students must submit to qualify for college financial aid, known as the Free Application for Federal Student Aid (FAFSA).The Department of Education is calling it the “most...
Read MoreThe 6 Biggest Mistakes DIY Investors Make and How to Avoid Them
IntroductionOver the last several months, I have met with quite a few self-proclaimed do-it-yourself (DIY) investors who, after struggling with the markets in 2022, approached me asking for a second opinion. Interestingly, almost every...
Read MoreHow the SECURE 2.0 Act Changed 529 Plans
Changes to 529 Plans in the SECURE 2.0 ActThe SECURE Act was initially passed by Congress at the end of 2019 and was intended to improve retirement savings opportunities. It was a big deal at the time and the most significant...
Read MoreRising Above the Noise
The investment world is full of noise. Don't listen to the talking heads. Do your own research and focus on your own goals. Invest for the long term, diversify your portfolio, and don't panic. With a sound financial plan, you can rise above
Read MoreQualified Charitable Distributions
A Qualified Charitable Distribution (QCD) is a tax-efficient way for IRA owners aged 70 1/2+ to donate up to $100,000 annually to charity. Consult with a financial advisor to learn more. #charitablegiving #taxplanning
Read MoreA Financial Coach Is a Lot Like a Personal Trainer. Let Us Explain.
A personal trainer inspires, motivates, and guides their clientele to success. They help you set and achieve goals and keep you accountable. A financial coach does the same thing, but for your finances.
Read MoreTrick Yourself into Building Wealth
About 10 years ago, a colleague of mine saw that I tracked every dollar I spent out of my checking account. She teased me about my $5 bagel. Not what I paid for it, but rather that I took the time to track it on a spreadsheet. I...
Read MoreSocial Security Ex Spouse Widow's Benefit
Last week we had an interesting question come our way regarding Social Security. There is often fear around making the wrong decision regarding financial matters. We wanted to share this with you as our firm's mission is to help our...
Read More7 Things to Look for in a Financial Planner
A financial planner’s job is to help you figure out where you stand financially, and to design a cost-effective plan to meet your goals. However, anyone may call themselves a financial planner these days. It is important to be...
Read MorePreparing for Your Company’s IPO
Finally, all of the hard work has paid off. Your organization has a bright future in making the next big step in its journey, and it can be yours too. As we have seen with many startup employees, going public will surely change your...
Read MoreSmall Company Mandate in CA: Retirement Savings Plan
Over the last decade, the California legislature has been pushing to solve the growing problem of retirement insecurity among private sector workers in the state. The CalSavers Retirement Savings Board was established with the goal to...
Read MoreGive Yourself the Opportunity to Take Risk
Lately, it seems like everyone is a stock picker. There is a buzz in the air of excitement, greed, and opportunity. We recognize that you must take some degree of risk to have the opportunity for reward. Take these steps first....
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