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A Backdoor Roth IRA is a strategy that allows individuals who earn too much to directly contribute to a Roth IRA to still contribute to one indirectly. The strategy takes advantage of a loophole in the tax code that allows individuals...

Improving return by minimizing taxes Although we are all obligated to pay our fair share of taxes, few of us would be pleased to pay taxes unnecessarily. Because taxes lower the actual return on your investments, you should be...

Planning for retirement often involves focusing on your finances and ensuring that you not only will have enough to sustain you during your retirement but adequate funds to do the things you enjoy doing. While this strategy is a...

You have probably heard about financial planning and its potential benefits, but you are unsure how to apply the principles to your life. A financial plan is a collection of steps that help you to evaluate your financial condition and...

High Net-Worth executives and those that have been self-employed, can experience common problems in their financial planning journey. Often, they have missed opportunities in their financial planning because they haven’t planned adequately.

The 2023 rally continued in the first quarter of 2024 as a positive combination of stable economic growth, falling inflation, impending Fed rate cuts and ever-growing enthusiasm towards artificial intelligence (AI). The S&P 500 rose above 5

Benefits of a will: Distributes property according to your wishes Names an executor to settle your estate Names a guardian for minor children There are five estate planning documents you may need, regardless of your age, health, or...

Ah, Money. The word leaves you with a positive or a negative feeling when you hear it. The feeling we get from money, and investing, has deep roots inside our emotions, although we may not understand why. Behavioral science explains...

A call to action for Generation X to improve their retirement readiness For many members of Generation X, those born between 1965 and 1980, a comfortable retirement may feel like an increasingly distant dream. Despite being in their...

In times of market volatility, when inflation is increasing, the Federal Reserve will raise interest rates to help to cool the inflation spike. During this period, people are anxious and keep a tight grip on their wallets. In time, the...

Markets staged an impressive reversal in the fourth quarter thanks to a surprise dovish pivot by the Federal Reserve, which combined with solid economic activity and declining inflation to push stocks sharply higher and send the S&P...

Eric Womack has signed on with the financial services firm, Vero Wealth Management. Our team extends a warm welcome to Eric Womack, Wealth Associate. Eric’s dedication to client service and providing personalized financial advice...

With a few simple actions, you can ensure your estate planning is effective Whether your estate plan is simple or complex, there are many details, which are often overlooked, that can undermine your plan’s effectiveness. Are you...

For many of us, a new year is an opportunity for fresh starts and discovering the best versions of ourselves, but some things—like tax contributions and retirement deadlines—don't change much, if at all.

As the year’s end approaches, High-Net-Worth Individuals (HNWIs) must prepare for one of the most critical monetary tasks: year-end tax planning.

Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances.

One of the more difficult conversations for family members to have is talking about estate planning. There are several reasons for this, including the reality of our own mortality and that of our loved ones.

You may have thought your digital identity was safe and not a likely target of a cybercriminal until one day, the bank calls wondering if purchases made at a store that you have never been to, 2,000 miles away, were made by you.

The Weight of Higher Rates & Return of Volatility The S&P 500 rose to the highest level since March 2022 early in the third quarter but rising global bond yields, fears of a rebound in inflation and concerns about a future economic...

It's generally a good idea to review your employer-sponsored retirement savings plan at least once each year and when major life changes occur.

Trying to reconcile recent market advances with not-so-good economic data. U.S. stock markets continue to trend up as optimism returns to Wall Street while Main Street USA continues to struggle.

In 2013, a Gallup poll found that only about one in every three U.S. households maintained a budget.(1) A 2021 survey of 1,000 Americans found that 80% now say they have a budget.(2) Americans are budgeting more due to the pandemic.

Five easy pointers to help you plan during all of your retirement years. If you’re retired, there’s good news in that you’ll probably live longer and perhaps better than your parents and grandparents did.

With the onset of higher taxes, taxpayers in the upper brackets may want to reposition their portfolios. Even those in lower tax brackets may benefit from portfolio review and reallocation of funds.

Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change.

Rates, Inflation & a Resilient EconomyThe S&P 500 ended the second quarter and first half of 2023 at a 14-month high and most major stock indices logged solid gains in the second quarter following a pause in the Fed’s rate hike...

Investing in U.S. stocks and bonds is a popular way for individuals and institutions to grow their wealth and generate income. However, it is important to consider the impact of taxes on these investments.

“Old-fashioned” practices, such as periodic financial reviews, can lead to greater confidence in the long run. As the year passes its midpoint, why not spend a few hours reviewing your finances?

As the Federal Reserve is fresh from raising its key policy interest rate for the 9th consecutive time, it is essential to analyze the current financial landscape and understand the potential implications of these events.

If you saved for retirement for a while, you may continue to work toward new financial goals every year or every decade to manage the freedom you worked so hard to enable. Here are four goals older individuals may consider.

Many people are not well-versed in how to financially plan for their future. According to a 2022 Gallup poll, only 58 percent of Americans reported that they own stock. Here's a look into the experiences different generations have had.

The S&P 500 Starts Year with Gains Despite Continued UncertaintyThe S&P 500 ended the first quarter of 2023 with a solid gain as hopes for an economic “soft landing” and the Fed signaling that their historic rate hike...

When it comes to your retirement, there are three factors that you may want to take into account when planning for your retirement income needs. Find out if an annuity is appropriate for you.

What might you do to survive and even thrive during volatile markets? A financial plan may help you feel more confident.

Understanding your style of investing is an important step in deciding where to allocate your portfolio- keep reading for insights.

Just how do you report your investments and how are they taxed? Read on for answers.

Early in the 4th quarter easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds. Hawkish Fed guidance, disappointing economic data, and rising global bond yields...

During these times, it may be wise to remind yourself of these four common sense rules for investing—time-tested strategies that may help keep you calm and stay the course no matter what the market has in store.

The window of opportunity for many tax-saving moves closes on December 31, so evaluate your tax situation now, while there's still time to affect your bottom line for the 2022 tax year. Here we discuss some year-end tax planning basics.

While Black Friday and Cyber Monday center on consumer deals, Giving Tuesday—the Tuesday after Thanksgiving—has a different focus. Each year, individuals and corporations are encouraged to use the day to support charities...

The average U.S. income tax rate stands at just over 13%—and if you're like many taxpayers, you're always looking for new tips and tricks to help reduce this percentage.1There are a number of different tax planning moves you can...

A well-structured estate plan can be invaluable to you and your familyIt is common for people to put off planning their estates. After all, no one wants to anticipate their death. In addition, many may believe that only the wealthy...

The cost of long-term care can vary widely based on location (both city and state) and level of care needed. However, one thing is for certain: with 7 in every 10 people requiring long-term care at some point, preparing for this...

Global markets declined again in the third quarter as inflation remained near multi-decade highs, geopolitical tensions escalated further, and the Federal Reserve continued to aggressively hike interest rates signaling future rate...

During your working years, you've probably set aside funds in retirement accounts. Your challenge during retirement is to convert those savings into an ongoing income stream that provides adequate income throughout your retirement years.

Financial planning is unique for each person. Financial planning examines your current financial situation by assessing your budget, life and goals. Here are eight things financial planning can help you address to stay on track.