Qualified Charitable Distributions: A Smart Way to Give Back and Save on Taxes
Qualified Charitable Distributions (QCDs) offer an effective and tax-efficient way to give back to the community while reaping financial benefits. These distributions allow individuals aged 70½ or older to donate directly from their Individual Retirement Accounts (IRAs) to qualified charities, bypassing taxable income and potentially lowering their overall tax liability. What are Qualified Charitable Distributions?
What Is FDIC Insurance?
It’s natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the purpose of FDIC insurance, how it works, and what it covers. What Is FDIC Insurance? The FDIC is an
“Do I need to consider long-term care insurance, or can I get by with self-insuring?”
“Do I need to consider long-term care insurance, or can I get by with self-insuring?” As with most questions involving financial planning and taxes, our response is one we give often: It depends. Here are some things to consider: Long-term care refers to a variety of services that are designed to help people with chronic
Understanding What Your Tax Bracket Means
“If I’m in the 32% tax bracket, thirty-two cents of every dollar I earn goes to the government, correct?” This is a great question and one we receive several times a week. No one enjoys paying taxes, but in this scenario, we’re fortunately able to offer some (relatively) good news. Here’s how it works: The
Eight Mistakes That Can Upend Your Retirement
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. 1. The return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost.
Yours, Mine, and Ours: Estate Strategies for a Second Marriage
If you are one of the many Americans who are in a second marriage, you may need to revisit your estate strategy.1 Unlike a typical first marriage, second marriages often require special consideration in order to address children from a prior marriage and the disposition of assets accumulated prior to the second marriage. Second Marriages
Lower the Cost of Your Life Insurance
Here’s a little-known fact that may help you save money on life insurance: when it comes to underwriting, insurance carriers typically rate clients to their closest birthday. What does that mean? It means that if you are 39 years and 5 months old, you will be rated as a 39-year-old. If you are 39 years and
New Retirement Contribution Limits for 2023
The Internal Revenue Service (IRS) has released new limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Individual Retirement Accounts (IRAs) Remember, once you reach age 72, you must begin taking required minimum distributions from a Traditional IRA
Holiday Client Appreciation Event!
Our passion to protect and perpetuate prosperity for future generations is the heart of our business. The relationships we’ve built with our clientele fuels that passion! We are forever grateful for your trust, loyalty, and friendship. In honor of the “gems” of our firm, you are invited to an exclusive holiday Client Appreciation Event! Please
9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you.
Ready to take
The Next Step?
For more information about any of our products and services, schedule a meeting today or register to attend a seminar.