Washington’s legislature passed a new capital gains tax that will take effect on January 1, 2022. The tax will be imposed on Washington residents at 7 percent on long-term capital gains (assets held for longer than a year) that exceed $250,000 annually.
Scholarships can give your child an opportunity to attend a school previously thought to be out of reach. However, the potential tax implications that come with scholarships are often overlooked.
In a world growing increasingly more virtual, how are you handling cybersecurity? If you have multiple accounts with multiple passwords, a password manager could make life much more manageable.
Some describe Kaliko as the “glue” that brings others together. She has been using this “glue” for years, building long-term relationships with many of our clients. “Financial planning is very intimate; it is almost necessary for clients to reveal everything about themselves to allow for the most appropriate planning for them. Trust and integrity are very important to the way I approach my client interactions.”.
Soundmark Principal and author of The Coffeehouse Investor Ground Rules: Save, Invest, and Plan for a Wealth of Happiness, Bill Schultheis discusses the silent majority and other topics in a recent podcast interview with Morningstar.
High-earning owners of business and professional practices may be able to sock away several hundred thousand dollars per year toward retirement—after maxing out their 401(k)s with cash balance pension plans.
Generation-Skipping Trusts also sometimes referred to as Dynasty Trusts, provide more flexibility than a typical will or trust, including the ability to change beneficiaries at a later date.
When markets soared in 2019, most investors wished they had taken on more risk. But those are the same investors who wish they had been more conservative when the markets fluctuated wildly and trended downward during the pandemic onset. What's your risk appetite worth?
As we enter the new year, we highlight our newest Financial Advisor, Ben Hicks. Before working at Soundmark, Ben built a successful career in the banking industry, managing banking needs for clients that included Soundmark Principal Bill Schultheis.
It goes without saying that 2020 was a challenging year. For many, it was a devastating year as they lost a loved one, a job, a business, or substantial personal wealth. The fallout from the pandemic was felt far and wide.