provwealth
provwealth
provwealth's articles
- November 10, 2025
Astute business owners understand the importance of planning their exits in the early stages of their companies, before they become mired in day-to-day operations and the constant pursuit of growth and profitability. When built into a long-term business strategy, a well-thought-out succession plan can provide a valuable timeline for maximizing…
- November 4, 2025
One of the primary objectives of financial planning is to ensure that individuals have more than ample spendable cash flow during their retirement years. Navigating the careful balance between spending too much and possibly running out of funds or spending too little and missing out on all the potential joys…
- October 20, 2025
A Roth IRA is a unique retirement savings vehicle that allows eligible individuals to set aside money today for a potentially tax-free income stream in the future. Like a traditional IRA, a Roth arrangement enables individuals to make annual contributions of up to $7,000 in 2025, or $8,000 for savers…
- October 13, 2025
Donor-advised funds (DAFs) have become the fastest-growing vehicles for charitable giving, bringing in billions of dollars in contributions each year. While they are operated and administered by nonprofit organizations (or “sponsors”), donors receive a simple, flexible and tax-advantaged method for managing and maximizing charitable giving. With these investment accounts, donors…
- October 2, 2025
Ongoing economic uncertainty, persistently high inflation and a tight labor market have made it increasingly difficult for employers to attract and retain top talent. However, according to the result of a recent survey, one of the best ways employers can differentiate themselves from the competition is to offer a retirement…
- September 25, 2025
Naming beneficiaries to receive proceeds from a life insurance policy or retirement account is a difficult decision that requires consideration of a range of factors. Because these selections supersede designations in your will, they are an important step in the estate-planning process that must be addressed with particular care and…
- September 23, 2025
Spouses saving for an eventual retirement during their working years often have different timelines for leaving the corporate world behind. While a difference in retirement dates can eliminate one income stream and help couples ease slowly into their golden years, careful planning can help ensure their financial goals stay on…
- September 9, 2025
People spend a significant amount of time building their wealth and carefully creating trusts and estate plans to protect and preserve their assets for future generations. Yet, when it comes time to name a trustee to carry out their wishes under the terms of a trust, many people stumble. Making…
- August 20, 2025
Employers sponsoring non-safe harbor 401(k) plans must perform annual ERISA- and IRS-mandated testing to ensure they do not disproportionately favor highly compensated employees (HCEs) over rank-and-file non-HCEs. It is critical businesses understand the formulas for these nondiscriminatory tests and the steps they must take to fix a failure or risk…
- August 18, 2025
One of the biggest challenges entrepreneurs must confront is how and when they will exit the businesses they spent most of their lives building. After all, business owners view their companies as extensions of their personal identities. They neither have the desire nor the time to think about what will…