Deciding to work with a financial advisor is an important decision. Working with a financial professional means optimizing opportunities and taking advantage of planning strategies you might not have been aware of. A financial advisor...
Are Capital Gains Taxes Changing?
There are a lot of questions about the Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. One of the proposals Congress is considering sets the top rate...
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...
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 And though some of the benefits of these acts are no longer in effect, some of the rules became permanent in 2021....
7 Reasons Why It’s Time to Stop DIY Investing and Hire a Financial Advisor
In 2020, Canada saw a surge in new DIY investment accounts. Between January and December, 2.3 million DIY investment accounts were created. While jumping into the world of investments is an exciting move, this uptick in...
Protecting What’s Yours After You Pass, Part 2: Step-by-Step Estate Planning
In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones to ease their stress during an already difficult time. If you’ve put off...
Protecting What’s Yours After You Pass
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...
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...
How to Invest After You Retire
Whether you’ve been a savvy investor your whole career, or you’ve decided now’s the time to buckle down on obtaining additional income, investing in retirement can be a challenging endeavor. As you strategize and weigh...