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Our Best of 2019

As we welcome the new year, we look back at the financial planning topics we discussed in 2019. Check out our most popular blogs published over the past year.


Recessions are Part of a Normal Economic Cycle

The financial headlines are ripe with warnings about the “imminent” recession and its potential effect on the stock market. It’s long been argued that no one can reliably predict when the next recession or bear market will occur, let alone how long those dreaded events will last or how severe they will be. We know that recessions and bear markets are part of a normal economic cycle.


Pros and Cons of Net Unrealized Appreciation
If you recently retired or separated from an employer that allowed you to accumulate company stock in your 401(k) plan, don’t immediately roll your old plan over into your new 401(k) plan or IRA. Consider the possibility of utilizing a strategy known as Net Unrealized Appreciation (NUA), which may be very tax advantageous for your situation.


What to Do with Your Year-End Bonus
Whether your bonus is delivered on a consistent schedule or is a pleasant year-end surprise, review your goals carefully before deploying those funds. Additional financial resources can help you accomplish more goals, reach your goals faster, and/or increase your current goals.


Just When I Thought Microsoft’s After-Tax 401(K) Benefit Couldn’t Get Any Better
Microsoft has a great and rarely utilized feature in their 401(k) plans. The benefit allows employees the opportunity to contribute an additional $27,500 (for 2019) of their compensation into an after-tax account.


Is Private Banking Right for You and Your Business?
Private banking is not the right choice for everyone, but you may want to consider it if you have a complicated financial structure and you prefer a hands-on relationship with your banker.


Doctors … Please Don’t Make these Mistakes
You are an expert in your field. You went to school for six to ten years longer than most college graduates and it’s paid off. However, that training and brainpower does not protect you from making common mistakes when it comes to your finances and running your own practice.

This report is intended to be used for educational purposes only and does not constitute a solicitation to purchase any security or advisory services. Past performance is no guarantee of future results. An investment in any security involves significant risks and any investment may lose value. Refer to all risk disclosures related to each security product carefully before investing. Soundmark Wealth Management, LLC, its advisors and its affiliates do not provide tax or accounting services. This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax or accounting advice. Please consult with your tax advisor prior to engaging in any transaction.
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