Leaving a Legacy that Lasts Generations The cure for the entitlement illness is gratitude. For affluent families, raising kids without spoiling them is a huge challenge. Here are some practical bits of advice, and some questions you can talk about with your wealth manager. You may have heard the saying, “shirt sleeves to shirt sleeves...Read More
Learn from Nick Arndt, a tax expert from Transamerica, about how to find tax saving opportunities and other advice. One of the questions we had was about inherited IRAs. If you inherited your IRA before the year 2022, you can continue with the current withdrawal schedule. However, any inherited IRA since 2022 is subject to...Read More
When it comes to spending and saving, there are many different philosophies of thought for how much to allocate where. Broadly speaking, many people tend to break up their budgets into necessities / personal spending / savings. However, “savings” can feel ambiguous, especially when you factor in the many ways that savings can be used...Read More
Ever wonder what the tax limits are around charitable giving? Read on to get answers to some of the most common questions. For even more information, visit our Charitable Planning web page. How much can I give? You can give away as much as you want to anyone you want at any time you want....Read More
Karl Frank, CFP and Nathan Merrill discuss the tax law changes that are most likely to affect business owners and other employers. At the end of 2022, Congress passed more than 90 changes to the tax laws and many of these affect employers, especially with retirement plans.Roth-a-mania, many new rules around after-tax retirement plans, most...Read More
By March, about two-thirds of people will have abandoned their New Year’s resolution. Resolutions are tricky things – they often require an investment of time, money, or social capital; and it’s easy to make them too strict (i.e., “I’ll bike every day this year”) or hard to measure (a resolution to “bike more this year”...Read More
At the end of 2022, Congress passed over 90 changes to the tax code. On February 2nd, we held a Zoominar where I summarized the bigger changes that affect most people. Here are some of the tax laws and limits not discussed in the Zoominar: Gift Tax Exclusion Rises to $17,000 One of the most popular...Read More
At the end of 2022, Congress passed over 90 changes to the tax code. One of them is particularly interesting because it allows people between the ages of 60 and 63 to contribute more to their retirement accounts than anyone else, at any age. Is A Reverse Donut Hole A Cinnamon Roll? Perhaps you have...Read More
Planning for the future is essential for any business, but it can be difficult to know where to start. After you have a business financial plan, then you can start to implement some of the strategies. This article provides a Quick Start to financial planning for a business. A business owner’s personal financial plan starts...Read More
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