In this episode the relatable finance guys talk about initial public offerings and special purpose acquisition companies and how they should factor into investment plans.
Leaving behind a lasting legacy and providing for surviving family members in the event of an individual’s death or disability takes time, patience and consideration of a broad range of non- financial issues. While there are times when an unequal division of property among heirs is preferable, consideration should be given not only to how […]
A power of attorney is a legal document in which you grant to someone else the authority to oversee your financial affairs and make prudent decisions on your behalf if and when you are unable to do so on your own. Those decisions could be as mundane as paying household bills during a temporary period […]
Asset diversification is an investment strategy that is designed to help investors minimize their exposure to market volatility while attempting to maximize their opportunities for high returns over the long term. While diversifying assets does not guarantee any investment objective will be met, spreading out investable dollars over a diverse mix of stocks, bonds, cash […]
In this episode the relatable finance guys discuss infrastructure, what’s included in this investing class and how it impacts the economy. Investing in commodities is generally considered speculative because of the significant potential for investment loss. Their markets are likely to be volatile and there may be sharp price fluctuations, even during periods […]
Developing a sound estate plan while you are healthy can go a long way toward saving your estate and family members from significant tax liabilities after you pass away. However, estate planning is not a one-and-done activity. Rather, it is an on-going process that requires frequent review and modifications based on changes to both your […]
The IRS has released its cost-of-living adjustments to the limits on retirement plan contributions for 2021, and the reviews are mixed. While more individuals qualify to make tax deductible contributions to IRAs in 2021, the dollar limit on those and other qualified retirement account contributions remain unchanged from 2020. Employer-Sponsored Retirement Plans Workers who participate […]
In this episode the relatable finance guys talk with Provenance Wealth Advisors’ CEO Eric Zeitlin about what the impact of the presidential election on estate plans.
The Social Security Administration recently announced a 1.3 percent cost-of-living adjustment (COLA) to the benefits it will pay in 2021 to more than 70 million senior citizens and special needs children and adults eligible for Supplemental Security Income (SSI). This modest increase, down from a 1.4 percent adjustment for 2020, marks the second-lowest COLA ever […]
In this episode the relatable finance guys talk about lessons learned from COVID and when things might return to “normal.”
While investors welcome market gains, they should not overlook the substantial tax liabilities their positive performing investments may incur when the time comes to sell. Under tax reform, investors are subject to capital gains tax as high as 37 percent, when they sell non-retirement investments, real estate or other appreciating assets. However, it is possible […]
Employee terminations and extended furloughs spurred by the COVID-19 health crisis are setting off a tsunami of partial 401(k) plan terminations that employers must be prepared to address, both administratively and financially. Failure to do so may jeopardize a plan’s tax- exempt status and expose the plan sponsors to substantial tax penalties and legal claims. […]
In this episode the relatable finance guys explain commodity investing and how it’s been impacted by the global pandemic.
Although few families give to charity solely for a tax break, it is not unreasonable to consider that charitable giving historically has played an important role in tax-efficient wealth and estate planning. Under the new tax laws, however, fewer families qualify to write off their charitable gifts unless they take the time to develop financially […]
In this episode the relatable finance guys discuss traditional asset allocation and how it’s been impacted by the volatile markets of 2020.
