Roth IRAs and Roth Conversions: Key Concepts

By: Diana Castro, CPA, CFP® Associate Advisor Roth IRAs and Roth conversions tend to dominate headlines and talking points when it comes to retirement planning. Tax free growth! Tax free distributions! You only pay tax once! Therefore, this is one of the most frequently brought up planning strategies by potential and existing clients to discuss. […]

Back-of-the-Napkin Math Is Not Good Enough: The Importance of True Financial Planning

When it comes to the quality of the rest of your life and your legacy, back-of-the-napkin math is not good enough. The decisions you make now, can have lasting, long-term impacts, and we want to ensure that you are equipped to make informed decisions along the way. While each of us has a unique vision […]

Risk Capacity & Risk Tolerance: The Foundation of Investment Planning

By: Chelsea A. Benoit, CFP® Associate Advisor  One can think of creating an investment plan as finding the best way to assemble the pieces of a financial puzzle. After deciding on the goal(s) of your investment plan, determining the appropriate level of risk to assume to accomplish these goals is essential. This question requires considering […]

Understanding IRAs

Saving for retirement is essential to financial freedom. Understanding your options sets you up to make educated decisions you can be confident in. That’s why we’re taking the time to help you unpack Individual Retirement Accounts. Traditional IRA Traditional IRAs are considered tax-deferred earnings. This means that taxes on the account are due at withdrawal […]

Quick Tips: Saving for Retirement

Retirement savings can feel overwhelming. While it is important to do your research on which account types work best for you, we have gathered some quick, universal tips on savings for retirement. Start today While paying down debt is important, do not wait to be debt free to start. The sooner you start, the quicker […]

4 Tips for Paying Down Debt

Student loans, a mortgage, car payments. We expect to see debt in our lifetime. However, debt should be temporary, not a lifelong payment. Making these adjustments can help set you on the right track to becoming debt-free. Create a budget It can be difficult to think about paying off loans if you have not yet […]

Investing in the Future: Saving for Your Child’s College Years

Graduation season is upon us, and we are sure many of you are beaming with pride in anticipation of your student hitting yet another milestone. Whether college is on the near horizon or still some years away, the cost of education is at the forefront of the minds of many parents and grandparents. The cost […]

Focus on Philanthropy: Learn About Donor Advised Funds

A good deed is a reward in itself, but it can also lead to a reward on your tax return. A donor advised fund (DAF) is a great way to meet your philanthropic goals and exercise tax efficiency at the same time. A DAF is defined as a philanthropic vehicle established at a public charity […]

Qualified Charitable Distributions, Donor Advised Funds and More – Charitable Gift Planning in 2018 and Beyond

With the passage of the Tax Cuts and Jobs Act (TCJA) last December, the landscape for charitable giving has changed significantly beginning in 2018.  The charitable deduction has been expanded, allowing for a deduction of up to 60% of Adjusted Gross Income (AGI) for qualifying charitable contributions, up from the 50% of AGI limitation in […]

School’s in Session: Teaching Your Children About Your Estate Plan

It’s back to school season! With that comes football, cooler weather, and back-to-school shopping. Whether you have children or not, it’s difficult to miss the horde of parents and children rifling through shelves of school supplies and racks of clothes. Those who wait until the last second run the risk of being unprepared for the […]