Posts

Opportunity Blooms in Tax Season

Whether you get a refund or end up owing, you have options.

Tax season can be a period of new possibilities – especially when it comes down to what to do with your refund or, on the flip side, how to settle your bill.

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Who Should You Choose to Execute Your Estate?

When selecting a personal representative, consider the role’s many responsibilities.

Selecting a personal representative for your estate, also known as an executor, is no easy task. While it’s an honor to be chosen as an executor, it’s also a demanding commitment consisting of more than two dozen responsibilities and liabilities. For instance, an executor can be held personally liable for improperly spending estate or trust assets or for allowing insurance coverage on the assets to lapse.

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Wise Words From Six Wildly Successful Women

Learn how these well-known women stay focused in a chaotic world.

It’s easy to feel like highly successful professionals have more hours in a day than the average person. How else do they manage to accomplish so much? The truth is, maintaining a high level of productivity often stems from making deliberate choices. Here’s the inside scoop from six well-known women about how they stay focused and achieve success in a distracted and demanding world.

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Draft the Players Your Financial Team Needs

When hiring tax, legal and other professionals, a spirit of collaboration is key.

Take it from legendary coach Vince Lombardi: “People who work together will win, whether it be against complex football defenses, or the problems of modern society.” Similarly, a well-rounded team of professionals working in harmony can be a game changer for your finances.

As we gear up for the next American football season, we examine possible roles on your financial team and how they should work together on areas such as estate and tax planning.

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Does Appreciation Matter?

January 25, 2021

Doug Drabik discusses fixed income market conditions and offers insight for bond investors.

Why do you buy a house? I don’t have any empirical evidence to back this statement, so know that I am assuming the majority of people buy a house for shelter. Sure, there are people who buy and flip properties for potential gain, but I’m presuming almost all purchases are intended to provide shelters for families.

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We Might Be Here For A While

Drew O’Neil discusses fixed income market conditions and offers insight for bond investors.

Last summer, the lower bound of the Fed Funds rate was at 2.25%. Six months after that, the Fed had lowered it down to 1.50%, and by March it had fallen to 0.00%. The slow and methodical three year climb of the Fed Funds Rate from 0.00% that started in December of 2015 was undone in a matter of months, just as we were getting used to relatively decent returns on money markets and other short-term investment options. Now here we are back at 0.00% on the Fed funds and money market yields south of 0.15%. Just because the world was a very different place just 6 months ago (in terms of both pandemics and interest rates), doesn’t mean that interest rates will return to their pre-pandemic levels any time soon. There is a good chance that 0.00% Fed Funds will be around much longer than the pandemic.

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4 Priceless Money Lessons for Kids

Financial literacy is a gift that lasts a lifetime.

Financial tradeoffs, interest rates and the importance of having an emergency fund: Our current economic circumstances are full of teachable moments we can and should share with our children. After all, they’re probably not learning these topics in school. Only 1 in 6 students will be required to take a personal finance course before earning a high school diploma, according to nonprofit Next Gen Personal Finance.

That’s why we’re equipping you with money tips and topics to discuss with the children in your life, plus independent study materials (ahem, videos and games) that will hold kids’ attention while teaching them money management. Keep reading to get to the head of the class.

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How to Help Mitigate the Negative Impacts of Market Swings

Review how to better prepare your portfolio for a downturn – and how to potentially take advantage of one when it occurs.

Market volatility is an inevitable part of investing. And it’s understandable that tumultuous times will likely trigger emotional responses to match.

But it’s important to remember to take a deep breath, focus on your long-term financial plan, and consult with a trusted professional – one who has seen an unpredictable market or two and the subsequent recoveries.

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6 Key SECURE Act Takeaways for Individual Investors

January 23, 2020

Review key changes that may affect your retirement and estate planning.

Passed in December, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 has wide-reaching impacts on retirement savings and estate planning for many Americans.

Review some of the new law’s key components below. Your advisor can help provide more detail and recommend adjustments to your retirement and estate plans, if warranted.

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Laying the Groundwork for Tax Season

January 10, 2020

Smart moves at the beginning of tax season can help get your financial house in order.

Contrary to popular belief, tax planning isn’t limited to the months between year-end and April 15. In fact, smart tax planning goes beyond deductions and credits and should be incorporated throughout the year. As Americans prepare to file their returns, let’s take a look at what we should be thinking about for tax season and beyond.

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