For too long, women were socialized to believe that they were bad with money or that financial management was a role better left to their husbands. While women have come a long way, there remains a significant gender gap in financial literacy. According to the results of a recent study conducted by the Global Financial […]
Financial crimes against the elderly more than quadrupled between 2013 and 2017, according to the Consumer Financial Protection Bureau (CFPB). While it is common for the perpetrators of these scams and thefts to be unknown by the victims, they are too often the actual people that older adults know and trust, including their appointed caregivers, […]
After spending more than 25 years in the financial services industry, first on the bond desk in Canada and more recently at one the world’s leading investment banking and wealth management firms, Rob Weiss, CFA, made a significant career move. In 2018, he went independent, joining Provenance Wealth Advisors (PWA) as a financial advisor and […]
Congratulations! Your child has been accepted into college and will potentially be moving out of your family home in the next few months. During this time of excitement and, perhaps sadness, don’t forget that the law no longer recognizes you as your child’s legal guardian. In fact, unless you prepare in advance, you may not […]
If you received a year-end bonus, congratulations! As gratifying as it may be to splurge on something you can enjoy immediately, you may want to take a few moments to consider how you can maximize those dollars for the long-term. Following are seven smart money moves to help you use a financial windfall of money […]
Ultra-high-net-worth families received very generous relief from federal estate taxes in 2018 under the Tax Cuts and Jobs Act. For 2019, the exemption from federal estate taxes increases even further to $11.4 million for individuals or $22.8 million for married couples filing tax joint tax returns. As a result, individual taxpayers can transfer up to […]
Engaging in estate and financial planning without paying attention to taxes can be a fool’s errand. Tax awareness can be tantamount to all aspects of saving, investing and even spending. Failure to consider the tax implications of any component of an estate or financial plan may negatively affect expected returns and may result in significant […]
Death is often the furthest thing on the minds of twenty-somethings who are just beginning their careers and enjoying the freedom and opportunities that come with their post-college life. However, introductions into adulthood also come with a long list of responsibilities, liabilities and risks that require carefully consideration and planning. In the unfortunate and tragic […]
The hours are ticking away to the end of the year, leaving individuals with a limited window of time to potentially minimize their tax liabilities and maximize savings for 2018 and beyond. With the new tax law in place as of Jan. 1, 2018, it is more important than ever that you engage professional counsel […]
In our hyper-social world, we increasingly store and share our personally identifiable information online through a variety of social media outlets, cloud-computing technologies and digital devices. Your online identity could become a challenge in the event that you pass away or if you become incapacitated and can no longer access your accounts. Do family members […]
