News and Commentary

What is Private Placement Life Insurance, and How Can it Help High-Net-Worth Investors Maximize Tax Efficiency? By Eric P. Zeitlin

Posted on June 03, 2025 by Eric Zeitlin

The more wealth a family acquires, the more tools they need to preserve those assets for future generations and protect them from the long arms of tax agencies in the U.S. and abroad. One such tool earning the attention of family offices and ultra-high-net-worth individuals worldwide is private placement life insurance (PPLI). In the simplest […]

Critical Financial Planning for Widows and Widowers by Kathleen Marteney, CRPC®

Posted on May 28, 2025 by Kathleen Marteney

The death of a spouse can be one of the most devastating events in an individual’s life. Not only must surviving spouses cope with the emotional, mental and physical turmoil of their crushing grief, but they will also face a tsunami of legal and financial decisions, including the responsibility to pay their bills, keep the […]

Millennials Spark a FIRE to Achieve Financial Independence, Retire Early By Shane Phillips, CFA, CAIA, CFP ®

Posted on May 27, 2025 by Shane Phillips

A growing movement of investors aspires to work for shorter periods, supercharging their savings and investing during their early years and enabling them to retire at a younger age than the generations before them. This strategy, referred to as Financial Independence, Retire Early (FIRE), may sound like a good plan, but it can be challenging […]

4 Savings Strategies for Recent College Grads By Brendan T. Hayes

Posted on May 20, 2025 by Brendan Hayes

As college graduates embark on their professional careers, they should consider the following savings strategies to help prepare them for a sound financial future. Like most things in life, the earlier you start planning and preparing, the more likely you will achieve your goals. Employer-Sponsored Savings Plans While retirement may seem like a long way […]

Are You Prepared for Sunsetting Tax Provisions? By Sean Deviney, CFP®*

Posted on May 15, 2025 by Sean Deviney

Many of the provisions contained in the current tax law are set to expire on Dec. 31, 2025, signaling an immediate need for individuals to assess their existing estate plans to maintain long-term tax efficiency. Whether or not the current administration extends these laws, engaging in planning now can help reduce risks of potentially higher […]

Weighing the Conveniences, Risks of Using Payment Apps by Kathleen G. Marteney, CRPC

Posted on May 13, 2025 by Kathleen Marteney

Peer-to-peer mobile payment processing apps, such as Cash App, PayPal and Venmo, have made it easy for people to send and receive money with the click of a button. However, whether you are a business accepting these forms of payments or a consumer paying for products and services or splitting a shared expense with a […]

In your early 60s? There’s a New Way to Boost Your Retirement Savings by Olga Ismail, AIF®

Posted on May 06, 2025 by Olga Ismail

If you are turning 60 to 63 years of age in 2025 or later, you have a unique opportunity to supercharge your retirement savings with new, more substantial catch-up contributions. Background Historically, the tax laws cap the annual contribution limits to 401(k), 403(b) and other qualified retirement plans. They also provide additional means for individuals […]

Contemplating a Roth IRA Conversion? Here Are 3 Things to Consider First by Augusto De Luna

Posted on April 29, 2025 by Augusto De Luna

You have many options when it comes to saving for retirement. You may contribute pre-tax dollars to a workplace 401(k) plan or traditional IRA, potentially reducing your current taxable income today and deferring taxes until you make required minimum withdrawals in retirement. Depending on your income, you may also put money into a Roth IRA, […]

Estate Tax Relief for Ultra-High-Net-Worth Families by Lee F. Hediger

Posted on April 13, 2025 by Lee Hediger

Lee F. Hediger PWA Director and Miami Financial Advisor Registered Representative of PWA Securities, LLC

Effective Jan. 1, 2025, the federal estate tax exemption increased to $13.99 million, or $27.98 million for married couples filing joint tax returns. This means that individual taxpayers can transfer up to $13.99 million in assets to their heirs (or up to $27.98 million for married couples filing jointly) during life or at death without […]

Avoiding Emotions and Knee-Jerk Reactions in Times of Market Volatility By Scott Montgomery, CLU, ChFC

Posted on April 11, 2025 by Scott Montgomery

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 current surge in volatility is […]

IRS Assures Taxpayers of Higher Estate and Gift Tax Exclusions Through 2025 By Eric P. Zeitlin

Posted on April 10, 2025 by Eric Zeitlin

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 pre-TCJA level in 2026. The […]

Provenance Wealth Advisors Corporate Retirement Plans Team Included on National Association of Plan Advisors (NAPA) 2025 Top DC Advisor Multi-Office Firm List

Posted on April 04, 2025 by Sean Deviney

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 (AUA) as of Dec. 31, […]

Does My Electric Vehicle Qualify for a Tax Credit? By Scott Montgomery, CLU, ChFC

Posted on April 01, 2025 by Scott Montgomery

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 on the credit than you […]

How the Yield Curve Can Predict the Future Direction of Interest Rates by Todd Moll, CFP®, CFA

Posted on March 28, 2025 by Todd Moll

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 mature, which can be anywhere […]

Widows, Widowers Have an Easier Time Electing Portability of Deceased Spouses’ Unused Estate Tax Exemptions By Scott Montgomery, CLU, ChFC

Posted on March 26, 2025 by Scott Montgomery

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 a federal lifetime gift and […]

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