Wealth Transfer

Wealth Transfer is about Control and Leverage

Wealth Transfer Planning 1 of 6 In our business of comprehensive financial planning, “wealth transfer,” “estate planning,” “legacy planning” are all different words for the same process; defining and documenting how you will pass assets to others in retirement or at death so as to have control and leverage over these decisions. So often people… Continue reading Wealth Transfer is about Control and Leverage

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Proactive Tax Planning 5 of 6

3 Ways Charitable Remainder Trusts Provide Tax Advantages A charitable remainder trust can serve many purposes in one’s financial plan. Clearly, you have to be charitably inclined, as there is an irrevocable charitable component to this strategy. But in addition to helping out your favorite charity (or charities), you get several big tax advantages from… Continue reading Proactive Tax Planning 5 of 6

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Proactive Tax Planning 1 of 6

The Concept of the Four Tax Buckets No one wants to pay more than his or her fair share in taxes. Yet few have a good understanding of how their savings will be taxed over time. A good way to gain a basic understanding is to consider the concept of the four tax buckets. The… Continue reading Proactive Tax Planning 1 of 6

Wealth Transfer

5 Ideas For Gifting Non-Retirement Assets

At some point in your life, if you have accumulated assets, you may consider using your wealth to help others. Whether that’s a child, a parent, a friend or a charity, there can be great emotional reward in making a wealth transfer to someone, or something, in need. Two weeks ago we talked about making… Continue reading 5 Ideas For Gifting Non-Retirement Assets

Wealth Transfer

You, Me, And Philanthropy

Back in December I did a quick Google search for a non-profit I regularly assist.  It led me to “The Online Giving Sunday"1 where I read that online charitable giving grew 9% between 2014 and 2015, while overall giving was up only 2%.  This page also notes that the average online gift is $110. I found… Continue reading You, Me, And Philanthropy