Unbundled Virtual Family Office: Redefining Wealth Management

Unbundled Virtual Family Office: Redefining Wealth Management In an era marked by rapid technological advancement and changing client needs, the traditional model of wealth management is undergoing a profound transformation. Enter the concept of the unbundled virtual family office (UVFO), a dynamic approach to wealth management that offers tailored solutions to affluent individuals and families. […]

Lottery Winners Next Steps

Lottery Winners Next Steps For many winning the lottery is a dream come true. The sudden influx of wealth can be life-changing, offering opportunities for financial independence and security. However, without careful planning, statistically speaking, it’s easy for lottery winners to squander their newfound wealth and end up worse off than before. This blog aims […]

Personal Financial Planning & Health Reimbursement Arrangements

Personal Financial Planning & Health Reimbursement Arrangements Health care costs pose a significant burden for individuals and families in the personal financial planning process. One solution for managing health care costs in a personal financial plan is the Health Reimbursement Arrangement (HRA). An HRA offers a strategic approach to managing healthcare expenses for an employee […]

Employer-Provided Childcare Tax Credit

Employer-Provided Childcare Tax Credit At a time when the balance between work and family life is increasingly constrained, government and employers are exploring innovative solutions to support working parents. One such solution is the Employer-Provided Childcare Tax Credit; a tax incentive designed to encourage employers to provide childcare assistance or childcare facilities for their employees. The […]

What to Do If Your Dog Bites Someone: Navigating Homeowners Insurance Coverage

What to Do If Your Dog Bites Someone: Navigating Homeowners Insurance Coverage In recent years, as a result of the COVID pandemic, more and more personal financial planning clients have added a canine to their household. Dog ownership brings immense joy, as well as companionship. BUT it also entails responsibilities, including ensuring the safety of […]

Navigating Social Security Rules for Married Retirees: Key Considerations and Strategies

Navigating Social Security Rules for Married Retirees: Key Considerations and Strategies Social Security benefits serve as a crucial source of income for millions of Americans, providing financial stability during retirement. For married couples, navigating the intricacies of Social Security rules can be complex, with various personal financial planning strategies available to maximize benefits and optimize […]

Personal Financial Planning And The Strategic Use of Debt

Personal Financial Planning And The Strategic Use of Debt It goes without saying, but I feel I must; personal financial planning is crucial for achieving long-term financial stability and growth. One key aspect of personal financial planning is the judicious use of debt. While debt can be a daunting concept for many, when utilized strategically, […]

Reporting Charitable Gifts

Reporting Charitable Gifts Well it’s that time of year and April 15 is just around the corner. Between March 15 and April 15 clients reach out to us about claiming their previous year’s charitable gifts on their personal income tax return, Form 1040. So, here you go… When a charitable contribution is made to a […]

Proposed Anti-Money Laundering Rule Impacting Registered Investment Advisers

Proposed Anti-Money Laundering Rule Impacting Registered Investment Advisers As financial regulations continue to evolve, registered investment advisers (RIAs) face potential changes in compliance requirements that could significantly impact their operations. A proposed anti-money laundering (AML) rule, currently under consideration by regulatory authorities, aims to bolster efforts in combating illicit financial activities within the investment advisory […]

401(k) Funds & Emergencies: Strategies and Considerations

401(k) Funds & Emergencies: Strategies and Considerations Personal financial planning, among other topics, addresses emergencies. Emergencies are an inevitable part of life, often requiring individuals to tap into their financial reserves to cover unexpected expenses. For many Americans, employer-sponsored 401(k) plans serve as a primary source of retirement savings, but they can also serve as […]