Traditionally, our clients opt to contribute annually or monthly to a 529 college savings plan, steadily building an account to cover higher education costs. While this approach is the most common, “superfunding” a 529 plan presents an exciting alternative.
Read MoreAs the 2023 tax season wraps up for many of you, it's prudent to start thinking about optimizing your tax situation for the current year and beyond. The best time to begin planning for next year’s taxes is to proactively start now. As surprising as it may sound, the higher inflation rates we have been experiencing may positively impact your 2024 tax planning.
Read MoreThe year started on a strong note for stocks with the S&P 500 posting its best first quarter since 2019. The index is sitting at new all-time highs, being driven by resilient corporate profits, optimism that the economy has avoided a recession, and a continued boom in Artificial Intelligence (AI) spending. International and US small-cap stocks rallied along with their larger peers.
Read MoreAs your income rises, it naturally creates additional complexity in your financial life. As you experience income jumps that are common in your 40s, you need to mind your personal savings gap. Your savings gap is how much of your household income you need to save or invest to reach your financial goals versus what you are saving.
Read MoreUnderstanding your unique financial goals, needs, and attitudes toward money are essential in determining how confident you are about your future finances. A recent study published by Northwestern Mutual examines US adults by generation to understand attitudes and behaviors toward money, financial decision-making, and financial security.
Read MoreStarting early, saving as much as possible, and being thoughtful about how you allocate your investment portfolio to balance risk and return are the basics for most investors. As you continue to increase your income and your investments grow, taxes become a critical component of your long-term savings and investment plan.
Read MoreAt the start of the year, Wall Street strategists were predicting 2023 would see a recession and we would experience a tough year for stocks and bonds. We are glad that the experts missed the mark! The year's final quarter saw a strong rally across all asset classes, capping an excellent year for the markets.
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