Know Where Your Charity Money Is Going

Many of our clients want to include charitable planning in their financial plans and overall goals. Ensuring donation money is given to a responsible steward can be a challenge. Review these important factors when evaluating charitable organizations.

Interested in creating a more comprehensive charitable plan? Read our discussion on Donor Advised Funds and other strategies to help you build your long-term charitable goals. If you have questions, please give us a call. We are here to help you develop a plan and implement the strategies that are best suited for you and your family.

Fall Planning Reminders

KEY TAKEAWAYS Never assume the status quo is okay. Your life is changing faster than you realize. A good time to review plans is when your children approach adulthood. Once updated, ensure your offspring are up to speed on your intentions. Risk profiles and asset protection plans can slip through the cracks with the passing … Continued

Don’t Be Fooled by Common Misconceptions About Gifting

KEY TAKEAWAYS Well-intentioned parents and grandparents can be misled by the gift tax rules. Understand the tax obligation you are transferring when gifting appreciated assets. The recipient of the gift will need to report the gain on the sale of an appreciated asset and may need to pay tax if applicable. Always check with your … Continued

What You Should Do with Your Microsoft Bonus

What if we suggested you cut your paycheck in half for the rest of the year? That’s right, it sounds crazy, but you should consider taking advantage of a lesser known after-tax 401(k) benefit that your company provides. Your 401(k) maximum contribution is $18,500 for 2018 for those under 50, and you may be close … Continued

Look Before You Jump

KEY TAKEAWAYS Don’t neglect your old 401(k) and stock options from your previous employment. Ensure you have adequate health coverage for you and your family throughout your job change. Understand the reasons for moving jobs. From scrappy startups to global behemoths, the technology sector is firing on all cylinders. Competition for skilled workers has never … Continued

Beneficiary Designations – What They Are and Why They’re Important

Here’s a quiz for you: I don’t need to add beneficiary designations to my IRA, 401(k), annuity or life insurance accounts because I have a will. I don’t need to worry about IRA, 401(k), annuity or life insurance beneficiary designations because my spouse will automatically inherit my accounts. If you answered true to these statements, … Continued

Get the Most Out of Your Donations

In the past, you may have itemized your charitable donations to gain tax benefits. However, with the recent Tax Cuts and Jobs Act passed, the standard deduction is significantly higher ($12,000 for individuals and $24,000 for couples who file jointly) and it may not be worth the effort of itemizing. Your new higher standard deduction … Continued

Insurance is a Strategy, Not a Bill

We continually update our clients’ life and disability projections to ensure their coverage is appropriate for current and anticipated life circumstances. No one likes paying for things they don’t use. However, the risk of being underinsured can have devastating consequences for you and those closest to you. Obtaining the right coverage is not a one-and-done … Continued

Event + Response = Outcome

The Second Quarter Market Report reminds us to retain control of our own emotions and actions in response to market volatility. How does one stay the course and maintain discipline through bull markets, bear markets, political strife, economic instability, or whatever crisis that may appear? Establish a long-term investment philosophy that keeps you focused on … Continued

Be Wary Looking for “Experts”

A quick read-through of any financial journal serves as a reminder of the unfolding of business at breakneck speed around the world. Artificial intelligence, Blockchain technology, Cloud computing, Remote delivery services – for many investors, it is a daunting challenge to keep up with this dynamism, and then to integrate it within portfolios throughout a … Continued