Charitable giving is a meaningful way to make a difference in the world while also reaping potential financial benefits. For individuals and families with significant wealth or a desire to create a lasting philanthropic legacy, donor-advised funds (DAFs) and charitable…
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Optimizing Your Tax Strategy Before Year-End: A Quick Checklist
As the year wraps up, it’s a great time to take a closer look at your tax planning. If you’ve already built a strong financial foundation, this isn’t just about cutting your tax bill – it’s about making sure your…
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Should You Use Life Insurance As a Retirement Savings Vehicle?
First, permanent life insurance is needed when you need it. Business owners, individuals and families with special circumstances (special needs children, large estates), and high earners may generally benefit from having permanent insurance. You’ve perhaps been pitched on the benefits…
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Understanding Withholding Options and Taxable Income for Retirees
As you transition into retirement, managing your taxes is one of the biggest challenges you’ll face. Retirees must be more proactive (or use an advisor 😊) than when you were working and had taxes automatically withheld from your paycheck. This…
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Beyond the Pension: Critical Financial Factors to Ensure a Secure Retirement
For those fortunate enough to still have a pension, making the right decisions about how and when to take it can significantly impact your financial future. However, it’s not just about the pension itself. Factors like the timing of Social…
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Should I Invest a Lump Sum of Cash Right Away?
Whether you’ve just received a generous bonus, inherited money, or sold a business, deciding how to invest a lump sum can be tricky. Should you invest everything right away, even if the market feels unpredictable? Or should you ease in…
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The Surprising Reality of Pension Options and Why You Might Want to Consider Annuities
As financial advisors, we’re always prepared for surprises when reviewing pension options for our clients. Let’s look at this example: John Doe has two choices for his pension – a lump-sum payout or a monthly annuity. Initially, many of us…
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