What is your investment personality?
Investors are not one-size-fits all. Every investor has different psychological reasoning behind their decisions and comfort level with risk. While there is endless research surrounding the...
How to teach your kids about money
As a parent, teaching your children about finances and instilling financial responsibility is essential. It sets them up for success early in life by fostering responsible money habits. The best...
Should I pay off my mortgage early?
A home mortgage is one of the most substantial debts that individuals carry. It can be tempting to pay off your mortgage early if you have the funds available, which can lead many individuals to...
What is the difference between revocable and irrevocable trusts?
In the past, we have written Q&As on how to set up your assets to pass efficiently to your heirs as well as on probate avoidance. Choosing whether to transfer any of your assets into trusts is...
Can I make a tax-deductible Traditional IRA contribution?
A Traditional IRA serves as a valuable tool for individuals seeking to save for retirement while deferring taxes. Nevertheless, several factors come into play when assessing eligibility for...
What are the annual contribution limits for 529 Plans and what is superfunding?
It’s no secret that the cost of education is on the rise. The key to preparing for this large but important expense, is to develop a savings strategy early on. 529 College Savings Plans are...
How are my capital gains taxed?
Tax returns are complicated. To add to their complexity, investment income generated by your investment assets may be taxed differently than your other sources of income. Investment income includes...
What is a donor-advised fund and how can I use one while bunching charitable contributions?
Bunching charitable contributions is a potential strategic option to lower your tax bill. Bunching contributions involves making multiple years’ worth of charitable contributions in a single year....
Our blog posts are written for educational purposes only. Please work with your financial advisor to understand how each topic may apply to your financial situation. Each situation is different and thus what is beneficial to one person may not be beneficial to another.