Preparing Heirs for Their Inheritance

Inheriting money comes with plenty of benefits. From being less worried about paying for life’s necessities to enjoying the luxuries affluence can bring, inheritors often find that many of life’s key stumbling blocks are no longer in their paths. That said, an inheritance doesn’t automatically mean a worry-free life of ease. Inheriting wealth can actually … Continued

How to Prepare for Uncertainty

Our common-sense investment approach allows us to focus on straight-forward financial planning. During times of market volatility, like what we’re experiencing now, a well-thought-out plan is critical. In his latest column for 425 Business, Soundmark Principal Bill Schultheis reminds investors of the importance of creating and updating financial plans that prepare us for the uncertainty … Continued

Soundmark Advisors Become CERTIFIED FINANCIAL PLANNER™ Professionals

We are thrilled to add two more CERTIFIED FINANCIAL PLANNER™ professionals to our firm. Soundmark advisors John D’Amelio and Taylor Vance have completed the multi-year program including 4,000+ hours of financial planning experience. We are very proud of the hard work and determination both advisors displayed. Congratulations!            

Now Is an Excellent Time to Review Life and Disability Coverage

Key Takeaways COVID 19-extended grace periods on premium payments may be available During these challenging times, many insurance carriers are being very flexible with their current and prospective policyholders. Now is a great time to consider obtaining, or supplementing, life and disability coverage. Much of the application can be done virtually and may not require … Continued

Volatility in First Quarter

It has been an interesting first quarter, to say the least. When reviewing Dimensional Fund Advisor’s market report, the stock market is responding as quickly as the news travels. Dimensional Fund Advisors reminds us that markets are designed to handle uncertainty, processing information in real-time as it becomes available. This happens when markets decline sharply, … Continued

Rebalancing in Good Times and Bad

Key Takeaways Losses in the stock market are temporary. The combined total of the thousands of companies within our clients’ portfolios will continue to innovate, generate profits, and provide value over the long-term. In rising markets, we may sell some stocks and buy bonds. In declining markets, we may sell bonds and buy stocks. Research … Continued

Has COVID-19 Derailed Your Exit Plan?

  For most business owners, I’m guessing your strategy is off track and any exit planning is on the back burner given our minds are on the ramifications of the COVID-19 virus. What is probably on the minds of many is, “How and when can I get out as I don’t want to rebuild it … Continued

Tax-Loss Harvesting

Key Takeaways At Soundmark, we have always stressed the importance of low-cost, tax-efficient investing. As many of you know, we accomplish this strategy by: Using low-cost index or passive asset class mutual funds and exchange-traded funds (ETFs). These types of funds generally have less turnover (i.e. sales of stocks they own which create gains) than … Continued

Stay Home, Stay Healthy

Soundmark Wealth Management would like to share a brief update with you in response to Washington State Governor Jay Inslee’s temporary “Stay Home, Stay Healthy” order. While the Financial Services sector is exempt from this request, in the spirit of the provision and to protect our clients, ourselves and our community, we are requesting that … Continued

Questions to Ask When Evaluating Assisted Living Communities

A foreword on the Coronavirus and assisted living. As I am sure many of you are aware, the Life Care Center of Kirkland, in Kirkland, WA, has been at the center of the COVID19 outbreak in the USA. It was, unfortunately, the perfect storm. A new, relatively unknown virus, which seems to disproportionately affect the … Continued