Tax-exempt gifting to family
Gifting is one of those topics that comes up often with clients. The decision to give is one thing, but the way that you should give to family can be more complicated. There are three ways to gift on a tax-exempt basis. 1. Annual exclusion gifts For 2025, you can give...Understanding Roth IRA conversions
By Eric Reich A few weeks ago, I wrote about the potential benefits of getting rid of traditional IRAs in order for you to potentially pay less overall taxes during your lifetime and for your heirs after your lifetime by either spending them down or converting them to...
Reasons to contact your advisor
Clients often think of calling their advisor regarding their investments. However, there are several other reasons and times you should contact them. This week, we’ll explore the reasons and milestone ages that should prompt you to reach out if your advisor doesn’t...
Planning for future incapacity
I’m a big believer in planning (shocker, I know). Financial planning should start as soon as possible to help make your life easier in the future. A decline in health is inevitable, as much as I know none of us wants to talk about it. Not planning for it, when we know...
IRAs can be complicated
Most of the work we do centers around retirement and estate planning. What we often find is that many people don’t realize that IRAs are very different from all their other assets. I generally work to reduce or eliminate them in retirement. IRAs are a great savings...
