How to Manage a Windfall: Five Crucial Steps
More money, more potential problems? There are several issues that should be addressed quickly whether your expected windfall is from an inheritance, a business sale, a large bonus or winning the lottery.
An Anesthesiologist’s Life: Is Private Practice Better for You?
John is excited about the longer-term prospects of being his own boss but knows there are nearer-term benefits and conveniences he would leave behind as a hospital employee. There is a lot to consider and he’s feeling overwhelmed by this big decision.
An Anesthesiologist’s Life: Why You May Need Disability Insurance
There could be significant implications to John’s ability to conduct his job if he were to suffer from a permanent or even temporary bodily injury, or experience future difficulties with his mental facilities.
An Anesthesiologist’s Life: Protecting Your Assets
The average anesthesiologist earns a wage of $271,440, nearly five times the national average annual salary of all other professions. The longer you practice in this field, the more important it becomes to have a plan to protect your nest egg.
Collecting Collectibles? Consider this.
When you think of collectibles, the first things that may come to mind are your baseball card collection, the Persian rug in your living room, or the 1967 Ford Mustang in the garage. While these items may have sentimental value, they may also have monetary value.
To Roth or Not to Roth
A Roth conversion is simply the process of taking a pre-tax IRA (that grows tax-deferred until withdrawn) and converting it into a Roth IRA, paying the taxes now, and allowing it to grow tax-free until withdrawn. Roth conversions are generally good for people that pay at lower tax rates today than they anticipate paying in the future.
Trust and Estate Planning Strategies for LGBTQ Couples
Marriage equality helped to level the playing field for same-sex marriages. Even with this huge leap forward, there remains many legal inconsistencies from state to state for those who identify as lesbian, gay, bisexual, transgender, or queer (LGBTQ).
Building Investment Stamina Through Better Rebalancing
Two of my favorite lifetime pursuits are: (1) matching wits with brown trout on local streams, and (2) seeing clients reach their financial goals.
Painting Your Financial Planning Portrait with Your Tax Return
Whether you file your own tax returns or hire a tax preparer, it is a great sense of relief when your returns are filed, and you can check that off your list. But in financial planning, we say not so fast! We like to think of our clients’ income tax return as a vital part of your financial planning portrait.
The Vacation Home Primer: Pros and Cons
The pandemic over the past year has been a challenge for everyone, and it may have you bursting at the seams for a vacation! Unsure about the pros and cons of making the leap for greener pastures? Here are some important considerations before purchasing your dream vacation home: