There are opportunities and challenges associated with the current estate tax exemption's nearing expiry. High net worth individuals can safeguard their wealth from upcoming tax changes and guarantee that it will benefit their family and communities for generations by taking action now.
Direct indexing enables investors to directly acquire and hold the underlying securities themselves as opposed to purchasing a fund that owns a selection of stocks. The benefits of this strategy include more control over investment choices and the opportunity to modify the portfolio to satisfy individual preferences.
One might not anticipate the topic of long-term care insurance coming up in the same conversation as the Beatles, their ageless music, and their irreplaceable imprint on pop culture. But aging is a natural part of life, as the famous Beatles song, "When I'm Sixty-Four", kindly reminds us.
Whether seeking to win a Stanley Cup or to bullet proof your balance sheet and your family’s financial future, sincerity and care are key ingredients for success.
HSAs offer you three potential opportunities for tax savings. Your account contributions are tax deductible, the earnings in your account grow tax free, and you can withdraw funds from your HSA, tax free, so long as they are used to pay for qualified health care expenses.
We all have our "blue sky" visions of the way retirement should be, yet our futures may unfold in ways we do not predict. So, as you think about your "second act," you may want to consider some life and financial factors that can suddenly arise.