Balancing Saving and Giving
Most of our clients aspire to be financially self-sufficient. As those clients age, we notice some amount of transition into wanting to benefit others with accumulated resources. This giving can range from donations to charities of interest to paying for a grandchild’s education to helping a friend in need. We have been fortunate since the […]
The Importance of Tax Diversification
When most people think of diversification, they primarily focus on a proper mix of portfolio assets. As we have noted in the past, we target an asset mix of non-correlating assets for our clients. This could include stock, exchange traded funds, mutual funds, REITs, etc. However, one area of diversification that is often ignored is […]
Alternative Uses of Social Security Income
Key Takeaways: Many unique situations could justify taking Social Security earlier. The psychological benefits of a new income stream can relieve anxiety around a new planning strategy. To take Social Security before age 70, the financial and non-financial benefits of claiming Social Security early should outweigh the benefits of deferral. If you […]
Educating Your Next Generation
Key Takeaways: Our most successful planning relationships are those in which we work with our client’s other professional advisors – and their children and heirs as well. Involving heirs in your financial and estate planning makes the next generation’s estate administration job much easier. You do not have to tell them every detail, but at […]
