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Education is a key component of our planning and investment process. We share our expertise with you through our blog so that you can have a deeper understanding of your finances and the decisions surrounding them.
The Latest From Our Blog
The Pros and Cons of Charitable Giving Strategies
Once you have provided for your own personal expenses and retirement, it may be time to consider how your money could benefit others. Giving away some of your money is a great way to support the people and organizations you love, but choosing the right strategy is essential for minimizing your taxes and meeting your personal goals. ...
Are The Federal Reserve’s Actions Working?
The Quick Take: The actions of the Federal Reserve in raising interest rates appear to be working. Retail sales slowed in October. Slower growth in spending does not mean that spending has halted. Inflation slowed once again last month, adding further credence to the Fed’s efforts. There’s room to go, but the trend remains intact to the...
Examining Donor-Advised Funds
Making it Easy to Make a Difference Americans donate billions to charity annually. If you give to charity, you need to know about one of the best tools to facilitate generosity: Donor-Advised Funds (DAFs). DAFs date from the 1930s but did not become popular until the 1990s. They act as vehicles for receiving gifts, often of appreciated...
Retiring Business Owners – Plan for Succession
It is never too early to begin planning for succession. An early start can allow you ample time to develop an appropriate exit strategy, choose the right person to be your successor, and train your successor to manage the daily operations of your company. Consider the following points to create a foundation for a successful plan:A key aspect of...
A Guide to Advanced Philanthropy – Private Foundations
Overview For many affluent individuals, occasional gifts to a favorite charity may satisfy their charitable inclinations. The added incentive of an often substantial tax deduction, coupled with various estate planning benefits, is sometimes the driving force behind such charitable gifts. However, for some individuals, philanthropy is a far...
A Menu of Trust Options
A trust is an instrument set up to hold the property of an individual, often called the grantor, for one or more designated beneficiaries. The following glossary provides a brief description of various types of trusts. Because trusts are complex, it is essential that you consult a professional. Your insurance and/or financial...
How to Retire as a Business Owner
Business Owners Must Stay Ahead of Daily Events and Keep the End in Mind Building a business is kind of like being a parent. You start with an infant enterprise that needs constant attention and often deprives you of sleep, absorbs a big chunk of your savings, and pushes all of your hobbies to the back burner. You foster it through various...
Real Estate: A Form of Charitable Giving
In unpredictable economic times, many donors may be wary of making large donations of cash, even to charities they would otherwise like to support. Nonprofits are, therefore, increasingly encouraging donors to make gifts of non-liquid assets, including real estate. When thoroughly screened and properly structured, real estate gifts can help...
The 8 Exit Strategies for Business Owners
Are you a business owner thinking about exiting your company? Which exit strategy will benefit you most? It’s a tough move to undo, and you should know the pluses and minuses going in. While the number of exit routes seems unending, you generally choose from only eight: Transfer the company to a family member. Sell the business to one or...
Financial Planning for the Holidays: 5 Uncommon Tips
Holiday planning often centers on not overspending. While it’s wise to budget and prepare for expenses, there is more you can do to savor the season. Here are five tips to plan for a meaningful, charitable, stress-free, and safe holiday. 1. Plan for a meaningful holiday. Many believe the holidays are too commercial. Whether you agree, the...