Wealth Management
Protecting Against Elder Financial Exploitation
Elder Financial Exploitation (EFE) preys on vulnerable individuals, often in their later years when they are most susceptible to scams and fraud. Learn how to identify the red flags and help stop abuse before it happens.
Required Minimum Distributions (RMDs) Before Rollovers
According to a 2024 research report from the Investment Company Institute, 62% of U.S. household have IRAs that have been funded with rollovers from employer plans. Care needs to be taken that these transactions are handled properly, to avoid unexpected tax traps.
Saving for College
Parents who are building a college fund for their child or children have two tax-advantaged alternatives, the 529 plan and the Coverdell Education Savings Account (CESA). Read more about the advantages of each option.
Migration Patterns
When people decide to relocate, how do they choose a destination? Learn what key factors are driving current migration patterns.
Trust Modification
Sometimes a sound estate plan may need to be modified after it is put into effect. Learn how one estate's modifications saved millions of dollars in tax obligations.
The Strategy Map Vol 4: How Can I Turn My Portfolio into a Consistent Income Stream?
Most clients we work with need to supplement their Social Security and/or pension income by taking distributions from their portfolio to cover ongoing expenses. Insert the “Bucket Strategy” to solve this need.
Estate Planning for Blended Families
Estate planning is important for everyone, and the issues for blended families can be especially knotty. How can one be confident that one’s wishes for everyone will be implemented?
Tax Reform and Charitable Giving
When the tax system was reformed in 2017 in the Tax Cuts and Jobs Act, there was much concern about the effect the changes would have on charitable giving. First, the rough doubling of the standard deduction meant that far fewer taxpayers would be itemizing, and without itemizing there is no tax benefit at all for the charitable gift. Second, the top marginal tax rate was reduced slightly, which meant that the net tax benefit for the wealthiest taxpayers would go down.
Check your Beneficiary Designations
Jeffrey and Margaret were in their 20s when they met in a park and began dating. They moved to Sullivan County, Pennsylvania, living together while Margaret waitressed and Jeffrey got a job at Proctor and Gamble. In 1987, Jeffrey signed up for P&G’s profit sharing and savings program. He listed Margaret as his beneficiary, stating that she was a “cohabitor.”