The best tax-sheltered investment vehicles depend on your financial goals, income level, and tax situation. Here are some of the most effective options: Retirement Accounts (Tax-Deferred or Tax-Free Growth) Health & Education Accounts Insurance-Based Vehicles Real Estate & Alternative Investments Business & Trust Structures Each of these vehicles has specific rules, contribution limits, and tax… Read More The Best Tax Shelters
The role of a financial planner is to help you and your family figure out how to best save earnings, retain value, grow holdings and meet long-term financial goals. Planners should provide short- and long-term expectations with the same portfolio, which can be quite an undertaking. The value of the planner is that he or… Read More 6 Questions You Should Be Asking When Hiring a New Financial Planner
1. Review Realized Gains & Income to Date Understanding your earnings from work is usually straightforward, but tracking what’s happening in your investment portfolio can be more complex, especially for busy professionals. Ideally, it’s wise to monitor your portfolio throughout the year to stay on top of potential tax liabilities and determine if estimated taxes… Read More 5 Year-End Tax Planning Strategies for High Income Earners
Working with a trusted financial professional is important when it comes to strategizing and preparing to meet your financial goals. But as most of us handle money on a daily basis, it’s important to have an in-depth understanding of the fundamentals of financial literacy. Below we’ve identified five financial basics everyone should know. Understanding these… Read More Do You Have These 5 Financial Basics Down?
From setting aside a portion of your earnings each year to investing for a long-term horizon, saving for retirement is a fairly straightforward concept. Once you reach your retirement date and begin drawing income from your savings, however, things begin to feel more complex and, at times, uncertain. Annuities can provide longevity insurance by protecting… Read More Thinking About Income in Retirement? An Annuity Might Be the Way to Go
Life insurance policies can offer different benefits to different people, depending on where they are in life. Term and whole-life insurance are just two types of life insurance that people can use to protect their loved ones from a variety of expenses they may not be able to take care of on their own. Learn… Read More Choosing Between Term and Whole Life Insurance: Which Is Right for You?
Have you ever set a financial goal for yourself with the best of intentions, only to find yourself derailed after a few months? If so, you’re not alone. Just look at how many people start the New Year off with a brand-new gym membership, only to stop going after a few months. Let’s get back… Read More Investment Strategy: Setting Financial Goals
What to Expect at Your First Meeting and Beyond Once you’ve found an advisor (or two) to meet with, have a game plan for the first meeting. Be prepared for the types of questions your advisor will ask you so that you can be ready with useful information. This will help ensure the meeting is… Read More A Guide to Determining If You Should Work With a Financial Advisor [Part III]
Keith Weiss CFP® 