Assess Life Insurance Needs
James V. Petitpren, II
If your family relies on your income, it is critical to consider having enough life insurance to provide for them after you pass away. But, too often, life insurance is an overlooked aspect of personal finances. In fact, according to a study conducted by LIMRA, which closely follows life insurance trends, less than half of […]
Tax-Managed Investing 101: Understand the Basics and Slay the Beast
ROB KUHARIC AND SCOTT HAMILL Why do investors go to financial advisors and planners? To get assistance with a variety of investment and planning challenges, obviously. One of those challenges is taxes. Investment portfolios can and do generate taxable events for clients. The cost of taxes can be significant for investors. So it’s important that the management of these assets […]
Investment Challenges of the Affluent Investor
High-net-worth investors face investment challenges that some would consider unique to their financial status. The fundamental tenets of investing apply equally to them as with any other investor, but the affluent investor needs to be mindful of issues that typically arise only from substantial wealth. Let’s examine a few of these. Being Too Conservative When […]
Nine Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you. […]
A Brief History of Estate Taxes
Frank L. Washelesky
Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. Tip: Regardless of your net worth, it is critical to understand your choices when developing an estate strategy. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when […]
Four Reasons for the Return of Market Volatility
Until early 2018, stocks were enjoying their longest period without a five percent pullback in nearly ninety years.1,2 But in early February, that calm came to a sudden and decisive end, as the Standard & Poor’s 500 Index fell more than six percent during the first three trading days of the month. By February 8, stocks […]
Estimating the Cost of College
James V. Petitpren, II
It does not take a degree in finance to see the cost of college continues to rise. In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in […]
Year-End Tax Planning for Investors
Adam J. Pechin
The end of the year is an ideal time to review your investment portfolio. You want to ensure that it is meeting your objectives and that the mix of assets continues to reflect your time horizon and risk tolerance. It is also a good point to implement strategies for reducing your 2018 tax bill.
Should You Convert Your Balance to a Roth IRA?
If you have accumulated a large balance in a traditional IRA, now may be an ideal time to convert some or all of it to a Roth IRA. The recently enacted Tax Cuts and Jobs Act reduces individual income tax rates through 2025, which lowers the cost of conversion.
Make Your Charitable Contributions Count Under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act will likely reduce the tax benefits of your charitable contributions. However, that does not mean you should stop giving or reduce the size of your gifts. After all, the availability of tax deductions is not the reason you give.