Posts Tagged With ‘ Articles ’

We are in the most interesting times. For our personal investment clients and 401(k) clients, there have been many smiles so far this year. We are happy that the markets, broadly, have begun this year on a bullish note. 2023–except for a handful of large AI companies–was a poor year for investors. But today, smiles are back. And… It’s an election year, which is usually a pretty good year for investors too. Interest Rates: A Word of Caution However, let’s consider the cautionary winds that are blowing gently so far but still persist. Wall Street experts believe that the Federal Reserve... Continue Reading

I always think of March and April as new flowers, new loves, and new beginnings. In the Estate Planning world, it’s a great time to think about not only the next generation but planning for several generations to come. Let’s do a quick tune-up. Key Elements of Your Estate Plan Do you have a Trust/Will set up (including medical directives, etc.)? This is the basic building block of your estate. You will direct your assets to be transferred or liquidated and passed along according to your wishes to those you love or your favorite charities. The Simple A/B Trust, the By-Pass Trust, or the Marital... Continue Reading

As the phrase goes, “May we live in interesting times”—and indeed, we certainly do. Current Global Economic and Financial Landscape Here’s what’s happening around the globe: An expanding war looms in the Middle East. Russia and Ukraine are entrenched in conflict with no resolution in sight. China’s intentions towards Taiwan are becoming increasingly aggressive, and it’s uncertain if there’s a capability or willingness to defend it. Europe is flirting with recession, while economists suggest we might be approaching a “soft landing,” potentially easing into a recession here at... Continue Reading

As we approach the close of another year, we’re presented with a wonderful opportunity to reflect on our recent successes and learning experiences. This time of introspection is not just a chance to celebrate our achievements but also a pivotal moment to strategically plan for the future. After all, thoughtful planning is a cornerstone of continued success. Consider the following questions in your reflection: 1. Progress Towards Goals Have you moved closer to your financial goals this year? What proactive steps have you taken? Whether it’s refining an existing plan or starting a new one, how... Continue Reading

The Internal Revenue Service (IRS) has announced significant updates for 2024, impacting various retirement plans, including 401(k), Individual Retirement Accounts (IRA), and Roth IRAs. These changes, primarily influenced by cost-of-living adjustments (COLA), offer important implications for individuals and employers in planning their retirement contributions and strategies. 1. 401(k) Plan Contribution Limits For 2024, the contribution limit for 401(k) plans has been increased to $23,000, up from $22,500 in 2023​​​​. This increase allows individuals to contribute more towards their 401(k)... Continue Reading

Have you ever dreamed of leaving a lasting mark on the world, one that resonates with your values and vision? Since we are now in an era shaped by global violence and economic uncertainty, it’s no surprise you might be seeking a connection to the good in the world once again. Yet, within this backdrop of challenge, there lies a remarkable opportunity for those with the means to make a difference. In the world of philanthropy, a tool that stands out for its flexibility and impact is the Donor-Advised Fund (DAF).  It’s not just about giving back; it’s about channeling wealth into meaningful... Continue Reading

On a very personal note, words seem insufficient to express my deepest gratitude to our veterans. Their courageous and selfless sacrifices in keeping America safe and preserving our cherished freedoms. Gratitude for Our Veterans: Recognizing Sacrifices and Liberties Thanks to them, we enjoy privileges that are far from universal. We’re fortunate to vote in a new government every two years, freely express our opinions without fear of repercussion, and hold beliefs that may differ radically from those of our friends and neighbors. Our liberties, encompassing everything from the pursuit of success... Continue Reading

We are coming to the end of the year and it’s time to give serious thought to donating to your favorite charities.​​ They will love you and you have the opportunity to have a huge impact. Here are just a few ways to make this happen. Think about which charities you wish to give to.  During November and December, we are deluged with donation letters. Have you considered how to approach this end-of-year charitable planning? You can donate small amounts to many charities, or you can focus on just a few of them and have a stronger impact. The most popular way to donate in the United States is... Continue Reading

In the competitive corporate landscape, attracting and retaining executive talent goes beyond offering a top salary. Today, savvy companies are looking toward more comprehensive compensation packages, where tools like Split-Dollar Life Insurance (SDLI) complement traditional 401(k) retirement plans. This strategy not only enhances the value of an executive’s compensation package but also signals a commitment to their long-term financial well-being and security. As businesses continually evolve in their quest to attract and retain top-tier executive talent, innovative compensation strategies have... Continue Reading

Today’s world is evolving rapidly, making it more challenging than ever to attract and hold onto talented employees, particularly senior management. Here are some strategies that might be beneficial, and these require thoughtful conversations: Secure key talent with a Deferred Compensation Plan. Establish a “Split-Dollar” insurance program for your executives. Consider a creative match for your 401(k). Add a New Comparability section to your 401(k). Develop a Cash-Balance Defined Benefit Plan. Offer Financial Planning to your key managers. Present a paid advanced education plan for your... Continue Reading