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An ERISA Rule Could Potentially Disinherit Your Children

We often say, “you don’t know what you don’t know,” and if you don’t have someone that you can refer to for your financial questions, you can often find yourself in a complex and difficult situation.
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Rollover Case Study

One of the many pleasures of being a financial advisor is having the opportunity to assist our clients' family members with their financial needs. We recently had a client mention to us that his son recently got a new job and wasn't sure what to do with his old employer-sponsored retirement plan. Since our client's son was out of state, we were able to connect virtually with him and thoroughly reviewed all of his options with him...
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Beneficiary Case Study

As financial advisors, we often assist our clients with managing the assets of loved ones that have recently passed away. We want to share a particular case with you that we believe highlights the importance of working with your advisor to ensure that your estate is in good order. Jill lost her brother a few months back unexpectedly. He was divorced and did not have any children. Jill was the sole inheritor of his assets, based on his will, and also the executor of his estate...
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Family Love Letter

It's not easy or fun to plan for the possibility of debilitating illness or death. These can be hard conversations to have with your loved ones, yet crucial for any sound investment plan. It can be overwhelming for your family members to try and piece together your financial affairs and track down all of your assets on their own. We have seen it personally when our clients’ children reach out to us to let us know of the passing of their family member. It’s a mix of confusion an
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HSA Case Study

One of the most asked questions that we hear from clients is "how much should I save now for future medical expenses?" While the answer to this question varies based on a number of lifestyle factors, the method for saving money that is earmarked for future medical expenses usually includes contributing to an HSA. A Health Savings Account (HSA) is a very useful tool for putting aside money that is designated to covering future healthcare costs for yourself and your family...
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Power of Attorney Case Study

As financial advisors, one of our main priorities is seeing that our clients have a sound estate planning strategy in place that makes sense for their family. A critical component of an effective strategy can be having a power of attorney named, in case you become incapacitated or incompetent. If you become mentally or physically compromised for a period of time, and do not have a power of attorney, no one will be able to manage your financial or legal affairs...
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Charitable Contributions Case Study

Colleen, who's 73 years old and is accustomed to donating to her favorite charity - She would normally write a check for $20,000 a year to the charity. We informed her she could take money directly from her IRA and give it to the charity from the IRA and it would qualify as satisfying her Required Minimum Distribution. Instead of paying tax on $20,000, then writing a check to the charity which in her case was no longer tax deductible, she saved ...
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Medicare Case Study

One of the most common questions we get as Financial Advisors is not about stocks or bonds, but actually related to Medicare. As you might imagine, we've encountered a number of unique circumstances when advising on clients on Medicare issues. We recently had a client (we'll call him Tom,) call us with a number of questions because he never signed up for Medicare when he was first eligible. Tom turned 65 back in 2018 and decided not to enroll in Medicare Part B...
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