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provwealth's articles
- April 11, 2025
Equity markets offer investors numerous opportunities to build wealth, but they also entail significant risks, including market volatility. While stock prices may rise and fall for various reasons, extended periods of uncertainty can roil markets and prompt investors to make rash financial decisions based on emotions rather than facts. The…
- April 10, 2025
In 2019, the IRS reassured ultra-high-net-worth families that any gifts they make between 2018 and 2025 to remove assets from their taxable estates under the generous but temporary provisions of the Tax Cuts and Jobs Act (TCJA) would not lose those tax benefits when the estate-tax lifetime-exclusion reverts to its…
- April 4, 2025
FT. LAUDERDALE, FL – April 4, 2025 – Provenance Wealth Advisors today announced that their Corporate Retirement Plans Team has been named by the National Association of Plan Advisors (NAPA) as a 2025 Top DC Advisor Multi-Office Firm. The list is based on self-reported defined contribution (DC) assets under advisement…
- April 1, 2025
If you purchase a qualifying new or previously owned plug-in or hybrid electric vehicle (EV) or fuel cell electric vehicle (FCV) this year, you may qualify for a tax credit. Generally, the credits are nonrefundable, meaning they can only reduce your tax liability to zero; you cannot get back more…
- March 28, 2025
Financial headlines often refer to the yield curve as a way of assessing the current health of the U.S. economy and predicting where it may be heading. More specifically, a yield curve is a line graph that plots interest rates of U.S. Treasury bonds against different time horizons until they…
- March 26, 2025
Widows and widowers who missed the deadline to claim a deceased spouse’s unused estate and lifetime gift tax exemptions as their own have up to five years to make this portability election and shield more of their wealth from future tax liabilities. Understanding Portability U.S. tax laws provide individuals with…
- March 24, 2025
Provenance Wealth Advisors, an independent RIA firm, has named Peter Mottek chief executive officer and president. Managing Director Eric Zeitlin is advancing to chairman of the board and Richard A. Berkowitz, JD, CPA, has been named chairman emeritus. With over 35 years in the industry, Mottek joins PWA after leading…
- March 18, 2025
Ultra-high-net-worth individuals with estates valued above the $13.99 million estate-tax lifetime-exclusion amount in 2025 (or $27.98 million for married couples filing joint tax returns) have several opportunities to reduce their estate tax liabilities at death while preserving wealth for future generations while they are alive. Give Multiple Gifts During Life…
- March 13, 2025
Growing a family, buying a home and retiring from your professional career are exciting life events that people talk about but few plan for. If you put off planning for these happy occasions, imagine how little time you devote to preparing for life’s unfortunate realities, such as losing a job,…
- March 7, 2025
Caring for a family member with a physical, intellectual or emotional disability can be costly. Everyday expenses can include food and shelter, specialized medications, assistive devices, special education, transportation, at-home nursing care, and much more. Over time, these expenses will almost certainly increase. Families must engage in advanced planning to…