We believe tax strategies should be an integral part of your overall wealth management strategy. Effective strategies can help reduce your tax burden, optimize your income and allow you to efficiently transfer wealth to loved ones and charities. We view decisions through a tax-efficient lens. Our team of tax professionals will work with your outside […]
Financial advisors engage in a wide variety of financial areas, including tax return preparation and tax planning for their clients. Many, but not all, financial advisors specialize in tax issues and provide comprehensive tax advice to their clients, including tax problem resolution, tax planning, and return preparation as well as preparing estate, gift, and trust tax […]
When a loved one passes away and leaves assets to beneficiaries, those assets may be subject to an inheritance tax, depending on the location of the deceased and their relationship to the inheritor. Inheritance tax is imposed by the state in which the decedent lived—only six states currently impose it—and is the responsibility of the […]
Legislation moving through Congress this fall would sharply reduce the current estate-tax exemption amounts and create several other changes. Here’s why—and how—you should act quickly to stay prepared. Estate taxes have usually affected only the very wealthy at death. While the limits on the monetary value that a decedent can exempt from estate taxes routinely […]
(Originally published in Wealth Point, June 2018 – updated February 2020 to include SECURE Act provisions) Article Summary Many of us fill out a beneficiary designation form for our retirement accounts. But it’s important to consider how your beneficiaries will receive these assets. With the SECURE Act changes, effective as of January 2020 and now […]
In March 2022, the Consumer Price Index for All Urban Consumers (CPI-U), the most common measure of inflation, rose at an annual rate of 8.5%, the highest level since December 1981.1 It’s not surprising that a Gallup poll at the end of March found that one out of six Americans considers inflation to be the most […]
The COVID-19 recession and the continuing pandemic pushed many older workers into retirement earlier than they had anticipated. A little more than 50% of Americans age 55 and older said they were retired in Q3 2021, up from about 48% two years earlier, before the pandemic.1 For people age 62 and older, retiring from the […]
Baseball stadiums are filled with optimists. Fans start each new season with the hope that even if last year ended badly, this year could finally be the year. After all, teams rally mid-season, curses are broken, and even underdogs sometimes make it to the World Series. As Yogi Berra famously put it, “It ain’t over till […]
About 4.3 million U.S. workers quit their jobs voluntarily in December 2021, after a record 4.5 million quit in November — the largest number since the Bureau of Labor Statistics (BLS) began recording voluntary job separations in December 2020.1 There are plenty of theories about why people are quitting in droves, including a strong job […]
