Fact: When you pass, you will leave behind an estate, and somebody will need to settle it. Your estate may be worth a little or a lot, but there’s no escaping death and taxes. So...
Thinking About Moving Closer to Your Kids? 4 Financial Implications to Consider
Maybe you have a good base of friends where you live now, but your children have moved away. As they continue to grow families of their own, you may consider moving closer to your children...
A Federal Wealth Tax Was Introduced in the Senate. Here’s What Affluent Families Need to Know
Several U.S. senators have proposed new legislation to raise $3 trillion in tax revenue over the next decade. Called the Ultra-Millionaire Tax, the proposed legislation comes in response to the economic turmoil Americans have experienced throughout...
Applying for Life Insurance? Here’s What to Expect
Life insurance is an important part of your estate planning strategy. You can use it to provide money for your children's education, cover your funeral expenses, and leave money behind for loved ones. Understanding what...
Identity Theft Insurance: A Guide
In 2019, 14.4 million people were victims of identity theft. Identity theft can happen in many ways: in-person, online, over email, or on the phone. However it occurs, identity theft affects a large number of people...
2021: Looking Ahead With Hope
Let’s face it. 2020 was a year of uncertainty, not just in the markets but in our lives. Thankfully, things are looking brighter for the coming months. Right now, we see similar pent-up yearnings in...
What is a Mega Backdoor Roth IRA? Here’s How to Take Advantage of the Tax Savings
Having the financial resources necessary to enjoy retirement is key to this exciting stage of life. You’ve likely heard of a backdoor Roth IRA, but for some looking to maximize their withdrawals in retirement, a...
Scammers Are Getting Smarter – Here Are 5 Ways to Spot Them
Scammers. According to the Consumer Federation of America, they’ve recently gotten bolder in their extortion methods — everything from impersonating law enforcement on the phone to making threats for noncompliance. The pandemic has increased the incidence...
COVID-19 & Tax Season: The IRS Has Extended The 2021 Tax Filing Deadline
One year into the pandemic and Americans continue to strike a balance between staying safe and handling their day-to-day responsibilities. One major challenge we all face this time of year (pandemic or no pandemic) is...
What in the World are SPACs and NFTs, and What Do They Mean to Your Investment Strategy?
Is it just our imagination, or has there been an uptick lately in exciting new trading tactics for seizing riches from exotic new markets? Unfortunately, as Sylvia Porter observed in her 1,200-page, best-selling Sylvia Porter’s...