Did you know that October is National Estate Planning Awareness Month? The importance of proper estate planning shouldn’t be understated, as it can be a lasting gift for your loved ones after your passing. The...
How Much Do You Need to Retire?
Occasionally, Black Walnut Wealth Management provides content to the Traverse City Business News and other media outlets. This article ran in the October 2021 issue of the Traverse City Business News, and can be read...
Financial Lessons We Can Learn From Olympic Athletes
For two weeks, people around the world watched the 2020 Tokyo Olympics, with over 10,000 athletes competing. As we watched our favorite summer sports, it was easy to see why athletes are viewed almost as...
Social Security Benefits May Decrease by 2034. Here Are 5 Ways to Help Fill the Income Gap
The economic impact of COVID-19 has been felt around the world. And, unfortunately for many pre-retirees, it could potentially impact your Social Security benefits as well. A new 2021 report indicates that a 78% cut...
Is Inflation Haunting Your Financial Dreams? Part 2: What You Can Do About It
We recently covered the recent uptick in inflation and what to make of it in a historical context. It’s important for investors to take a step back and look at the big picture before acting...
Required Minimum Distributions for 2021: Here’s What’s Changing
The CARES and SECURE Acts offered financial relief to American families during COVID-19. And though some of the benefits of these acts are no longer in effect, some of the rules became permanent in 2021....
5 Simple Strategies to Pay Off Dental School Debt
According to the American Student Dental Association, the average debt for a person receiving their DDS degree is about $300,000. That’s on par with debt levels from other professional degree programs like doctors and lawyers...
Managing a Windfall: How to Be a Good Steward of Your Inheritance
Receiving an inheritance comes with a mix of emotions. You may be grieving the loss of a loved one while feeling overwhelmed with the responsibility of managing a recent windfall. No matter the size of...
Is Inflation Haunting Your Financial Dreams? Part 1: What We Know
Has the specter of inflation got you spooked? Recent headlines are filled with sightings. In this two-part series, we’ll look at what to make of all the commentary and what you, as an investor, can...
Tax Strategies for High Earners
Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals...