Economic and Market Outlooks Weekly Investment Perspectives Small business sentiment improved significantly in November, as the resolution of election-related uncertainty lifted expectations for future sales, business conditions, and hiring.
Estate Planning Promissory Notes: A Way to Lock In Estate Tax Exemption Amounts Gift and estate tax exemption amounts are may sunset at the end of 2025. For those wary of losing control over significant traditional assets, promissory notes, especially in conjunction with irrevocable grantor trusts, present a potential solution to lock in current exemption amounts.
Client Experience Are Financial Advisory Fees Tax Deductible? Before 2018, you could partly or fully deduct investment advisory fees on your federal income tax return. When the Tax Cuts and Jobs Act was passed, however, the miscellaneous itemized deduction for investment fees and expenses vanished. This deduction seldom mattered for taxpayers in the highest brackets, as they could only deduct miscellaneous items on […]
Individuals and Families Understanding Your Medicare Options Soon-to-be retirees about to turn 65 have an important choice to make regarding their health insurance. Specifically, do you go with traditional, public-sector Medicare, or do you combine that approach with a privately-administered Medicare “Advantage” plan?
Executive Financial Counseling The Taxation of Restricted Stock Units Restricted stock units (RSUs) are a special form of employee compensation, taxed uniquely. Upon vesting, they're taxed at the federal level, and later treated as normal shares with tax implications during sale.
Family Office Engaging the Next Generation on Family Wealth Teaching young adult children about wealth can be a challenge. Although circumstances may vary, most families want to impart on their children a solid understanding of their wealth, creating opportunities for younger generations to continue growing the family’s resources.
Individuals and Families Dividing Retirement Assets in Divorce With a Qualified Domestic Relations Order Retirement assets are an important issue in any divorce proceeding. After the marital home, retirement assets often represent the largest category of marital assets to be divided in a divorce settlement. These assets can include 401(k)s, 403(b)s, IRAs and pension benefits provided by an employer’s defined benefit plan. Divorcing spouses will often seek to divide […]
Corporations How to Bring Your Business Value Up Before You Sell Preparedness planning is an essential tool for any owner interested in selling their business for maximum value. It provides a framework for owners to take control of their exit and it also minimizes perceived risk by a potential buyer that may create a discounted value at sale.
Cross-Border Planning Investing as an American Expat Increasingly, American citizens are moving overseas to advance their careers, to retire abroad or for family reasons. Living in another country is exciting but brings forth many new challenges. This includes adapting not only to a new culture but also a new financial, tax and legal system. Just like back home, advice from professionals is […]
Estate Planning 2024 Gift, Estate, and GST Tax ChangesPartner Paul Chmielewski highlights the gift, estate and GST tax changes for 2024.
Individuals and Families 5 Things to Do in a Down MarketVolatile markets can shake the confidence of even the most committed long-term investors. Starting with a comprehensive financial plan, understanding just how much risk you…
Estate Planning A Guide to Charitable Gifting OptionsDiscover the power of purposeful giving with our guide on current charitable gifting options. Explore Private Foundations, Charitable Remainder Trusts, and Donor Advised Funds to…
