Growth Stocks vs. Value Stocks
Stock investing is an important engine of growth in your portfolio, but deciding on an investing strategy and particular stocks can be challenging. When designing a diversified portfolio that minimizes risk, it can help to think of stocks as falling into one of two categories: growth stocks and value stocks. Both growth and value stocks…
Read More3 Major Financial Challenges of High-Net-Worth Individuals
High-net-worth individuals face unique financial challenges. Here are the three of the biggest we typically encounter. Wealth Transition You want to pass on your wealth to the people and causes of your choosing, not to the government. This requires ample preplanning with your advisors, attorneys, and insurance providers. Tax Complexities Reducing your tax bill during…
Read MoreThe Advantages of a Family Trust
Family trusts are an important tool for managing wealth across multiple generations. They can help you avoid the time-consuming and costly process of probate, keep your assets private, minimize taxes, and ensure that your wealth is distributed according to your wishes. Family trusts tend to be most appropriate for families with large estates or a…
Read More4 Questions to Help With Transitioning to Retirement
For the most part, we all share the same common fears while on our walk to retirement: Will I be okay? Will I have enough money? How will I fill my time? While there’s no crystal ball to answer these questions, we can find comfort in knowing that all transitions in life can be more…
Read MoreUpdating Your Business Plan for 2023
As we approach the holidays, many of you will be thinking about what type of person you want to be in a year’s time, what about what type of business owner you want to be? Here are 3 tips on re-evaluating your business plan for 2023. Reevaluating your supply chain 2022 saw a rise in…
Read MoreInvesting During a Bear Market
Lately, financial pundits seem to be constantly warning that a bear market is coming, arguing over whether one has begun or predicting when one will end. It’s less common for them to actually define one. From their ominous tone, you can tell it’s less appealing than its counterpart, a bull market. But what is it…
Read MorePowering Up Your 401(k)
In some good news for 2022, contribution limits have increased for 401(k)s. For those looking to max out their 401(k)s in 2022, you can contribute $20,500—an increase of $1,000. For workers over the age of 50, the catch-up 401(k) contribution is still an additional $6,500 per year. Contributions to your 401(k) are made on a…
Read MoreProtecting Against Inflation
It’s been a long time since investors have had to worry about inflation. Now it’s been in the headlines, because prices have been rising faster than expected. Let’s talk about what that means and what you can do to protect your portfolio. Before you start to worry about how inflation might affect your investments, let’s take…
Read MoreUnderstanding Student Loan Forgiveness
The forgiveness or restructuring of debt is one of the oldest governance mechanisms in the finance sector. From Israel’s years of Jubilee abolishing debts to George Washington’s Debtor’s Prison Relief Act of 1792 restructuring the American debt system and the more modern GI Bill, this mechanism has a long, but infrequent tradition. Now, the current…
Read MoreSmart Ways to Save for Your Child’s Education
If you’re a parent, the start of a new school year may have you considering how much you’re able to set aside for your child’s college fund. The national average for annual college tuition for 2022-2023 is over $39,000 for private school and over $10,000 for public, in-state tuition¹. And, that does not include living…
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