Keep your financial life organized with a thoughtful combination of digital and physical storage solutions. Pop quiz: In an emergency, could your loves ones find your current will and power of attorney? If you had to evacuate your home, could you quickly get your hands on your passport, deeds and keepsakes? Are your documents in […]
Life insurance can help your business in two main ways – executive benefits and succession planning. As a business owner, youʼve spent significant time growing and nurturing your business. Here are a few ways that life insurance can be used to help reinforce your business succession plan by providing comprehensive benefits that can help mitigate […]
Many couples don’t agree on when, where or how they’re going to spend their golden years. When Fidelity Investments asked couples how much they need to have saved to maintain their current lifestyle in retirement, 52% said they didn’t know. Over half the survey respondents – 51% – disagreed on the amount needed to retire, […]
When you bid your 9-to-5 adieu, how do you plan to spend your time? Youʼve made a financial plan for retirement, but what about a fun plan? According to an article by The Senior, “Your Retirement | Donʼt be a bored Baby Boomer,” two in three people enter retirement with little or no thought about […]
Although a million dollars may seem like a daunting figure, especially if you havenʼt been diligent about saving, thereʼs good news: You donʼt have to make $1 million to save $1 million. Many individuals who are saving for retirement aim to have at least $1 million in their retirement accounts when they exit the workforce. […]
It turns out that no matter what stage of business you are at, itʼs never too early to think about succession planning. For most business owners, especially entrepreneurs who have founded their business, the word succession is inextricably linked with retirement. For that reason there are many myths around succession planning – including the most […]
If you’re self-employed or own a small business, you’ve probably considered establishing a retirement plan. If you’ve done your homework, you likely know about simplified employee pensions (SEPs) and savings incentive match plans for employees (SIMPLE) IRA plans. These plans typically appeal to small business owners because they’re relatively straightforward and inexpensive to administer. What […]
Washington Policy Analyst Ed Mills outlines key components of the new legislation. The year-end fiscal 2023 government funding bill contained legislation that makes the most significant changes to the U.S. retirement savings system in decades. The SECURE Act 2.0 legislation builds on retirement savings changes passed in 2019 and contains new provisions that further raise […]
Understanding the importance of life insurance is one thing. Understanding the tax rules is quite another. As insurance products have evolved and become more sophisticated, the line separating insurance vehicles from investment vehicles has grown blurry. To differentiate between the two, a mix of complex rules and exceptions now governs the taxation of insurance products. […]
Drafting a succession plan now can help your business stand the test of time. As a business owner, you’ve invested so much into making your business successful – hard work, time, money, energy. It’s truly hard to imagine your business without you. But chances are there will come a day when someone else will take […]
The more money you have, the more complex planning becomes, which can lead to indecision and costly delays.
We work with clients to simplify complex financial situations so that they make confident, informed decisions...And use their money to live rich, fulfilling lives.