"Successful investors are optimistic about the future but are always prepared for short-term setbacks. That mindset is especially valuable in today’s environment, and we hope it provides some peace of mind that we plan for market downturns before they happen. We remain committed to our investment philosophy and are confident that our approach, coupled with flexibility, ongoing risk management, and diligence will provide the highest likelihood of keeping you on track to reach your long-term goals. "
Understanding the Federal gift tax is essential for sound financial planning. This article aims to explain key concepts, debunk some common misconceptions, and outline some practical strategies for those who wish to incorporate gifting into their financial plan. A gift is a transfer of property. The IRS considers a gift to be any transfer of cash…
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Deciding to retire during market volatility can be a tough call. Do you stick it out for another year, or take the plunge? Even with a well-diversified global portfolio, the timing of retirement can expose an investor to “sequence of return risk,” which is the risk that a market downturn will occur early in retirement. When a…
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There are several provisions in Secure Act 2.0 that relate to ROTH IRAs and ROTH accounts within workplace retirement plans. ROTH AccountsFirst, as reminder, ROTH accounts are funded with after-tax dollars. In other words, no tax-deduction is taken when funds are contributed to the account. The funds within the account grow tax-free and when they are withdrawn…
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As we embark on a new year, especially after coming off one that was challenging in so many ways (especially from a financial perspective), it is a great time to take a step back and assess your overall financial position. While it is natural to focus on account balances, we encourage you to think about why…
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