What Are Qualified Charitable Distributions?
Charitable giving is a popular tax-saving tactic we explore when evaluating ways to limit our clients’ tax liabilities in retirement.
Estate Planning | Ep #30
We delve into the critical topic of estate planning in a clear and straightforward manner. Bruce begins by emphasizing the essential role of a Will, especially for parents with minor children. A Will determines who will care for the kids in unforeseen circumstances, avoiding potential family disputes.
Financial Market Quarterly Commentary | September 2023
The S&P 500 lost 4.77 percent for the month and 3.27 percent for the quarter. The DJIA was down 3.42 percent in September and 2.10 percent for the quarter. The Nasdaq Composite dropped 5.77 percent for the month and 3.94 percent for the quarter.
529 Plan Update for 2023 | Ep #29
Bruce and Jon dive into a comprehensive discussion about the intricacies and nuances of 529 plans. These plans, designed to aid in saving for educational expenses, offer a range of benefits that extend beyond traditional college savings.
Explaining 6 Important Estate Planning Basics
You’ve worked hard to build your wealth but as the old saying goes, “You can’t take it with you.”
What do you want your wealth and assets to do after you’re gone? This is the question you answer through the estate planning process — a critical component to everyone’s financial and retirement planning.
Stop Contributing to IRAs and 401Ks | Ep #28
Bruce and Jon discuss a counterintuitive approach: discontinuing contributions to traditional IRAs and 401ks. Drawing insights from IRA distribution expert Ed Slott, I challenge established retirement planning conventions. Slott is a recognized authority in IRA planning, is a professional speaker, best-selling author, and well-regarded by The Wall Street Journal and USA Today.
What Happens To My Trust When I Die? | Ep #27
Many of our listeners have established a trust for their assets upon passing. And while nobody wants to think about their mortality, today I explain what happens to that trust when you pass.
Avoid These 7 Common Estate Planning Mistakes
Estate planning is a critical component of a comprehensive financial plan. Anyone can easily misunderstand its complexities and nuances, leading to costly mistakes if not done the right way. Let’s explore seven common mistakes people often make with estate planning and how you can avoid them.
Should I Take the Standard Deduction or Itemize? | Ep #26
It’s a question many taxpayers ask themselves each year. Should I itemize my deductions, or should I take the standard? Of course, every situation is different. But today, I break down some factors that can affect this decision.
Financial Market Quarterly Commentary | June 2023
June was a strong month for equity markets as resolution of the debt ceiling impasse helped lower uncertainty and supported a risk-on environment. The positive monthly returns capped a solid quarter for stocks.