Year-End Tax Planning: A Checklist for High-Net-Worth Individuals
As the year draws to a close, it’s a good time to turn your attention to year-end tax planning. This can be especially important for high-net-worth individuals because a well-thought-out tax strategy can help you minimize your tax liability – sometimes significantly – and make the most of your resources for the coming year and […]
The Season of Giving: Is a Donor-Advised Fund Right for You?
In a world where charitable giving plays a significant role in supporting the causes we care about, it’s understandable that individuals and families are seeking out efficient and effective ways to make a difference. One such avenue is the donor-advised fund (DAF), a charitable giving tool that has gained visibility and popularity in recent years. […]
Beyond Dollars and Cents: Building a Financial Plan Aligned with Your Values
Typically, when you think of your financial situation, your initial thoughts may not immediately gravitate toward your values. Instead, your attention may be drawn to addressing existing debt or striving toward your long-term financial objectives. Similarly, discussions about finances tend to revolve around external factors like interest rates, while internal factors like your core values […]
Empty Nesters: How to Make Life After Kids Rich and Rewarding
If you’re a parent, you’ve likely heard the adage that “the days are long, but the years are short”. As the parent of an adult child and two teenagers who are growing up quickly, I can attest that this has felt true in my own life. Much of our parental world centers around our children […]
These Four Mental Roadblocks Can Stall Your Financial Success
Fall is a time of reflection and introspection for many people. The warmer days are ending, the holiday season is nearing, and the end of the calendar year is in sight. You may be thinking back to the resolutions you made at the start of the year, assessing your progress, and making plans to move […]
Is Financial Incompatibility Posing Challenges in Your Relationship?
When you enter into a new relationship, it’s easy to get caught up in the excitement of getting to know your significant other. The sparks are flying, you’re enjoying your time together, you seem to have a lot in common, and you may start thinking about whether it could become something serious. Though your new […]
Beyond Wealth: Crafting a Legacy Plan with Purpose and Passion
Legacy planning is more than just financial planning – it’s about creating a lasting impact that extends beyond monetary assets. For many women, their financial legacy serves as a testament to their values, beliefs, and the contributions they have made throughout life. Crafting a meaningful legacy plan allows you to ensure your values are preserved, […]
Planning for Long-Term Care: Financial Strategies for a Secure Future
We can feel almost bulletproof when we’re young, can’t we? However, as we age, a challenge that many retirees face is the need for long-term medical care. While it may be daunting to think about, long-term care planning is an indispensable facet of comprehensive financial planning, so it’s important that you’re thinking about it earlier […]
Do You Know Your Options for Maximizing Social Security Benefits?
A significant aspect of planning for retirement security is developing a smart retirement income strategy. For many people, Social Security plays a foundational role. In recent years, Social Security benefits have accounted for approximately 30% of retirees’ total income. However, for 42% of women, Social Security represents 50% or more of their income in retirement. And with the […]
Five College Savings Strategies for Parents
If you’re a parent, chances are you’re juggling a multitude of financial goals at the same time. You’re probably making decisions about whether to prioritize getting a new car versus taking the family on vacation, or choosing between paying off your mortgage early versus building up your retirement savings. Sometimes, financial decision-making seems endless! Still, […]
