Five Key Investment Moves to Make Before Year-End
Here are five essential investment moves to consider before the new year.
2024 Year-End Tax Planning Essentials
It may be hard to believe, but December 31 will be here soon. Now is a great time to review your finances and implement smart tax planning to reduce your tax bill potentially. Here are seven essential strategies to consider. 1. Tax-Loss Harvesting Tax-loss harvesting involves selling investments that have lost value to offset capital…
How Much Are You Budgeting for Retirement?
Many long-term financial plans involve setting a target for a total amount of savings. Sometimes, this target is framed as multiples of income, and other times as a general round number. These goals are helpful in the accumulation phase of our lives, but it is also financially prudent to estimate what your spending might be…
Resources â 2024-2025 Year-End Tax Planning Guide [PDF]
Staying current on the evolving tax landscape is crucial for effective financial planning. Download our Annual Tax Planning Guide and Year-End Planning Checklist to help keep you informed and on track about current tax and legal regulations.
Navigating Health Savings Accounts: Contributions, Coverage, and Retirement Benefits
Since 2003, HSAs have grown in popularity for savings and qualified medical expenses. Contributions are deducted on a pre-tax basis directly from your paycheck, avoiding federal taxes on both the money invested and the growth of the investment.
Planning for the Future: Essential Steps for Long-Term Care
Long-term care (LTC) refers to a range of services intended to meet the personal and health care needs of individuals over an extended period. These services can be necessary for anyone who has a chronic illness, disability, or cognitive impairment, such as dementia. As life expectancy increases and medical advancements continue, more people are likely…
5 Ways You Can Prepare for Healthcare Expenses in Retirement
Healthcare expenses are projected to be the highest spending category in retirement, with a report from the Employee Benefit Research Institute estimating that a 65-year-old couple may need $383,000 in savings to cover their medical costs. It is essential to have a solid plan in place due to the increasing healthcare costs and longer life expectancy.1 …
The Importance of Adapting Financial and Estate Plans to Legal Changes
When the foundation of a structure becomes unstable, everything built on top must adjust or risk collapse. This principle is not only true in construction but also in financial and estate planning. In the United States, financial and estate planning is deeply intertwined with legal and tax codes, which form the foundation for achieving our financial…
Market Dynamics in Election Years: Lessons from History and Recent Events
As we approach the 2024 U.S. Presidential election, the markets have already shown signs of reacting to the evolving political landscape.
How Do Election Years Affect Investing Behavior?
It is often said that the stock market is forward-looking, meaning its growth will depend on how publicly traded companies perform in the future, not the past or present day. More specifically, market returns are driven more by economic trends than election outcomes.