The Invisible Losses
The stock market goes down by 10%, your $500,000 account drops $50,000, and panic sets in. It drops another 5%, and you decide to act and sell. Your worry is relieved as you see the market go down another 5%,…
Ways to Reduce Your 2023 Taxes in 2024
There are several strategies you can consider that can minimize your tax liability for the year 2023 when filing your return in 2024. This article will discuss those various strategies that could benefit you this tax season. Contributing to Traditional…
1031 Like-Kind Exchanges – What Is It, and Could This Strategy Possibly Be Eliminated?
If you find this article beneficial, please feel free to share it with your family, friends, or colleagues. If you are interested in learning more about our services at the Financial Consulate, we encourage you to schedule an Introductory Meeting…
Thoughts for the Generationally Minded
Thoughts for the Generationally Minded What does it mean to be generationally minded? The definition we shall use is to long for your wealth to endure to your children and grandchildren. We keep in mind that we want our descendants…
New Retirement Planning Laws for 2024
If you find this article beneficial, please feel free to share it with your family, friends, or colleagues. If you are interested in learning more about our services at the Financial Consulate, we encourage you to schedule an Introductory Meeting…
Are You Charitably Inclined? A Donor-Advised Fund Could Offer Many Benefits
If you find this article beneficial, please feel free to share it with your family, friends, or colleagues. If you are interested in learning more about our services at the Financial Consulate, we encourage you to schedule an Introductory Meeting…
Maximize the Amazing Abilities of Your Health Savings Account (HSA)
This is probably not the first time you have heard us rave about how great a Health Savings Account is and most likely won’t be the last. But the truth is that most people who have a Health Savings Account…
Sweets, Alcohol, and Deferring Taxes
What could sweets, alcohol, and deferring taxes have in common? Plenty. All three are fun to enjoy in moderation, but when overdone, they all come with consequences. Today, Americans saving for retirement have the option of either Traditional IRA/401k/403b accounts…
Call Us First
The reason we are independent and fee-only is so that you can always Call Us First. If you are getting close to retirement and need to make choices with your company, Call Us First. If you want to update your estate…
5 Ways to Save for Your Child’s Education
Saving for your child’s education is a critical goal that requires careful and strategic planning. In this article, we will discuss ways to save for your child’s education that will help set them up for success.