The key is determining the appropriate amount of risk for the reward you are seeking. This balancing of risk and reward is the foundation of all the work we do for clients and is critically important to long-term financial success.
Amassing wealth comes with many benefits, but having a substantial estate comes with the repercussions of elevated taxes. Gifting portions of your assets to mitigate tax ramifications is possibly a reasonable strategy.
Watch Sand Hill Global Advisor's video about the most important things to consider before buying your dream vacation home in this frenzied real estate market, such as the cost, location, investment potential, tax impact, and exit strategy.
Many Americans reignited long-forgotten passions amidst the exhausting and traumatic months of lock-down caused by this pandemic. With stress at an all-time high and the CDC heavily cautioning against face-to-face socialization, they turned to interests they hadn’t partaken of in years. Here are some of the top pastimes they pursued.
Recently, investors are expanding into the realm of luxury collectibles to augment their portfolios. With the right passion and knowledge, high-end collecting can offer potential monetary gains. This decade-long trend is well documented, and it’s easy to see why it has captured the imagination of investors and venture capitalists around the world.
In this article, we will explore recent developments surrounding inherited retirement accounts. Understanding the nuances of these regulations can significantly impact your financial strategies, tax planning, and ultimately, your long-term goals.
Choosing between a SEP IRA (Simplified Employee Pension Individual Retirement Account) and an Individual 401(k)—also known as a Solo 401(k) or Self-Employed 401(k)—is an important decision for self-employed individuals or small business owners planning for retirement. Each option offers compelling benefits and considerations, and the choice largely depends on factors such as income, contribution limits, and expected future business growth.
In the realm of financial planning, one often seeks strategies that not only secure their future but also optimize tax benefits. When facing medical expenses associated with long-term care or assisted living, leveraging Individual Retirement Account (IRA) funds can offer a viable solution. Understanding how to utilize IRA funds for such purposes not only eases financial burdens but also unlocks valuable tax deductions.
If you have been considering a Roth IRA conversion—which is simply a transfer of assets from a Traditional (tax-deferred) IRA to a Roth (tax-free) IRA—but have been hesitant because of the associated tax bill, 2023 might provide just the moment you have been waiting for.
