Amazon 401(k) Moving to Fidelity

Key Takeaways Forward-thinking employers like Amazon, Facebook, and Microsoft offer employees easy ways to save for retirement above and beyond the standard 401(k) contribution limits of $19,500 ($26,000 if over age 50). By using an after-tax 401(k) feature, Amazon employees can now save an additional 10% of salary in their retirement plan every year and … Continued

Not All Business Buyers are Created Equal – Part One

Somewhere over the rainbow… is the successful sale and exit of your business. But who will buy it? What will make them want to pay more? Should I really worry about these things because it’s such a great company? Let’s cut to the chase. Almost all buyers are going to look at multiple companies, anywhere … Continued

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 … Continued

Happy Holidays

We wish you a happy holiday season and a prosperous new year.

Long Term Care Considerations – Part 1

Key Takeaways Seven out of ten people, regardless of age, will need Long Term Care (LTC) at some point in their lives and that care will last for an average of three years. Medicare and Medicaid do not cover the cost of getting non-skilled assistance with activities of daily living – a major expense for … Continued

Reminder to Update Your 2020 Retirement Plan Limits

As financial advisors, we often see missed opportunities for tax-deferred savings. If you are currently contributing to a retirement plan or will be eligible to do so sometime in 2020, you’ll want to be sure to update your deferral amounts to the maximum amount allowed (see table below). If you are unable to max your … Continued

Year-End Tax Strategies You Should Consider

With the year-end approaching, it’s always smart to consider tax planning opportunities. You may be surprised to learn there are more ways to save than you think. No matter which tax bracket you fall in, you generally want to reduce your income or defer it to another year. We’ve outlined a few strategies for you … Continued

Do You Suffer from the FAANG Mentality?

  “Investors with concentrated portfolios may actually miss out on the very stocks that deliver the best of what the market has to offer.” How much influence does the top 10% of performing stocks have in the market? Dimensional Fund Advisors reviews the impact with the FAANG (Facebook, Amazon, Apple, Netflix, Google) mentality. If you … Continued

Soundmark Gives Back

During the month of October, our firm focused our philanthropic efforts on helping the Lake Washington Schools Pantry Pack Program. This local organization distributes over 800 pantry packs weekly to more than 45 participating schools, ensuring food insecure students don’t go hungry over the weekend.                 We collected … Continued

Fall Planning Done Right

It’s the time of year when the weather turns colder, football season is in full swing, and the kids are busy with school. After a hectic summer, you finally have time to slow down and focus on the big picture. Now is a great time of year to review your financial and life planning goals. … Continued