Whether you’re motivated by a passion for a particular cause, a desire to give back to the community, or you want to support a loved one’s passion or cause, charitable giving is a way that many of our clients choose to have an impact in areas that are important to them.
The arrival of a new child is a life transition for grandparents and offers the chance to more broadly assess your own plans for the future. As you think about your new grandchild growing into adulthood well beyond your lifetime, what legacy would you like to leave them?
It’s easy to become confused by the array of different investment options, such as pre-tax and post-tax accounts. Are there optimal periods to open, contribute to, and withdraw from them? While we regularly advise on and manage strategic decisions for our clients, having a base familiarity with various investment vehicles and techniques is often helpful.
In response to recent years of high payouts, particularly for wildfire losses, insurance companies have declined to renew policies at a rapid clip and stopped underwriting in high-risk areas of California. This has led to much higher rates of enrollment in the FAIR Plan, which is only meant as a bridge until other insurance solutions became available.
Innovation can create whole new markets that can be impossible to predict and can feel disruptive to our well-known patterns and expectations. However, another hallmark trait of innovation is that it often comes with unintended downsides that must be balanced against the benefits.
As we continue to rely on technology to make our lives more convenient, our digital asset landscape is becoming more relevant than ever. Including language in your estate plan that covers digital assets is an increasingly common practice to provide clarity over who has legal authority.
Beyond awareness of what types of scams are out there, it’s important to recognize why they succeed, and acknowledge the pitfalls of some common reactions should they happen to you or a loved one.
Having retirement money in both a Roth and a 401k gives you the choice to take either taxable or non-taxable income. This choice allows you to be deliberate about your source of income and taxes.
Whether couples combine their finances, keep them separate, or use some combination of both depends on their individual preferences, values, and circumstances. Whatever path they choose, having a full picture makes it easier to engage with major financial decisions.
Even when you have sufficient assets to cover the cost of college, it doesn’t automatically mean that now is the best time to use them. There are still timing considerations that can significantly impact both taxes and liquidity. One strategy to consider in these scenarios is having your child take out student loans.
In honor of our team member Ariana Alisjahbana welcoming her first child this week, we are rerunning an article from June 2022 that highlights financial considerations to keep in mind as you celebrate this next phase of life. Congratulations to Ariana and her growing family!
Even while tuition bills seem far off in the future, 529 plans can be a powerful tool which can help parents establish the habit of saving early and ease some of the financial and psychological stress that can arise as college enrollment approaches.
Taking steps to develop independence from the power grid saves energy and money and can also bring you peace of mind. Whether you are ready to make the change to solar energy or just beginning to explore your options, we can help you understand your financial landscape and provide support as you engage with experts to assess your personal situation.
As the holiday season shifts into full swing, now is a good time to begin looking at your upcoming expenses ahead of end-of-year financial planning, along with fine-tuning your annual budget as you prepare for the coming new year.
Donor Advised Funds (DAFs) are powerful tools for charitable giving and legacy planning. They help with organizing a giving strategy, allow for potential asset growth, benefit yearly tax planning, and help mitigate gains from appreciated stock.
Social Security benefits are an important component of any retirement plan. The decision of when to claim Social Security benefits should be based on your individual circumstances.
For many, the years leading up to retirement are a time of transition from the world of work to one of leisure and personal fulfillment. Carefully preparing can give you peace of mind, freeing your headspace for life’s more meaningful moments.
Inheriting wealth is an emotional, legal and financial journey. Seeking guidance from a team of professionals as you navigate this journey will provide insight and support to your decision making process along the way.
The decision to move or renovate depends on a multitude of factors. Consulting with experts such as real estate professionals, mortgage brokers and financial professionals can provide valuable guidance in choosing your path forward.
With intentional planning, gaps in taxable income can create valuable tax planning opportunities that aren't available in high-income years. Understanding these opportunities makes it easier to take the leap.