For our third blog in the “Financial To Do List” series, we explore some financial checklist items for your 40s- including ramping up retirement plan savings and more.
Summer is right around the corner, and with that, some necessary financial housekeeping. Now is a good time to review your investment portfolio and make adjustments.
For our second installment in our “financial to-do list” series, we explore how to manage money effectively in your 30s. This includes building up your emergency savings account, assessing insurance coverage and more.
What financial goals should you reach in your 20s? This blog will be the first in a series of Financial “To Do” Lists for each stage of your life – we will start with your 20s and cover each decade thereafter.
Is your son or daughter heading to college? There are some things parents no longer have access to once their child turns 18. Learn about 4 documents you should have in place.
The federal annual gift tax exclusion will increase to $15,000 per individual in 2018—great opportunity for grandparents to make combined annual tax free gifts to grandkids.
Have you considered what would happen if one of your business partners became incapacitated or passed away? A buy-sell agreement is designed to help your business stay afloat. Learn more.
Funding retirement is a harder task than it once was. The good news is there are still many options available for retirees to avoid outliving their assets. Learn more here.
Millennials and wealth management aren’t two things that normally go together ... why? Their aversion to risk is part of it. Find out how early financial planning can benefit this generation.
The majority of businesses in the United States are “closely-held”. This means that they are not publicly traded and there is no ready market in which to sell these companies. It is estimated that of all the U.S. small businesses, approximately 40% of these are currently owned by individuals aged 50 or older. Most of these owners have not done any planning with respect to their business. Often, over 80% of a family’s wealth is tied up in the business and is illiquid. A lack of planning could lead to the family’s assets being diminished, or worse, ending up in the wrong hands.
The following is an excerpt from a client conversation that happens frequently in my office:
PAA: Have you given any consideration to your long-term needs?
Client: Yes, I have, and my children tell me that they will take care of me.
PAA: Are your children working?
Client: Oh yes, I am so proud! My son-in-law is a surgeon, and my daughter works full-time as an attorney while raising three beautiful children!