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A family of four sits closely on a couch. The parents smile while their two children, a boy and a girl, laugh and playfully interact. Following their gifting guidelines, the family appears relaxed and happy, enjoying their time together in a cozy indoor setting.

Gifting Within Your Family

July 1, 2019

While gifting within your family can be an effective method for wealth transfer, it’s important to remember that federal tax law regulates your generosity. Specific rules come into play when gift giving, even to those you may be legally required to support (such as a child). To avoid subjecting yourself to unnecessary scrutiny as a taxpayer, or worse paying additional taxes or penalties, read on. Following gifting guidelines As individuals we are only allowed to

A graduation cap rests on top of a large pile of U.S. hundred-dollar bills, signifying the cost or value of education and highlighting the importance of educational savings plans.

529 Education Savings Plans – Are they for you?

July 1, 2019

Education costs continue to rise and the task of saving for college or trade school becomes more daunting each year. Fortunately, there is a village of supporters who want to help a child save for their education, including the ancillary expenses required to have a full and enriching educational experience. One of the most efficient and effective ways to accomplish this savings goal is by using a 529 plan. State Affiliated plans are open to

A hand is holding a black stethoscope against a blurred background of green foliage.

Profiting From an Advisory Relationship – Wealth Management for Medical Professionals

July 1, 2019

“Rely not on the likelihood of the enemy not coming, but on our own readiness to receive him; not on the chance of his not attacking, but rather on the fact that we have made our position unassailable.” – Sun Tzu, the Art of War The ancient military general, strategist and philosopher Sun Tzu’s words are still worth heeding. Interestingly, they also draw strong parallels to our relationship with money. When it comes to high

A glass jar filled with coins and a few bills, labeled "Charity" with a red heart above the letter "i", stands on a wooden table—a humble testament to charitable giving.

Intentional Charitable Giving – What’s your Plan?

July 1, 2019

For many, charitable giving goes beyond the occasional donation of outgrown clothes or household items and becomes a lifelong mission. However, as with everything else, winning requires planning. The positive impact of your charitable dollars is highly dependent on a winning strategy. To take your charitable giving to the next level this year, consider these mechanisms. The Charitable Remainder Trust – This neat tool allows you to gift cash, stock, or property to the trust

Book Review: The Other Talk – A Guide to Talking to your Children About the Rest of your Life

July 1, 2019

“The Other Talk,” published in 2014, plays on the familiar concept of the birds and bees parent-child discussion to evoke a new context: preparing for the difficult decisions often faced as one ages. While the first “talk” is an important milestone for parents as they guide their children through adolescence and into adulthood, “the other talk” encourage parents to talk again, later in life with their adult children about financial, healthcare and end-of-life decisions as

A glass jar filled with rolled-up U.S. dollar bills, including a visible $100 bill, sits on a wooden surface against a wood-paneled background. The jar, reminiscent of a health savings account, is secured with a metal clasp.

Making the Most of Your Health Savings Account

June 21, 2019

What’s a Health Savings Account? A health savings account (HSA) is a tax-advantaged medical savings account available to U.S. taxpayers enrolled in a High-Deductible Health Plan (HDHP). HSA deposits are made pre-tax and may be drawn at any time to pay qualified medical expenses without federal tax liability or penalty. Unlike company-owned health reimbursement arrangements, HSA accounts are owned by the individual. In addition, unused HSA funds can roll over from year to year and

Gifting Within Your Family

529 Education Savings Plans – Are they for you?

Profiting From an Advisory Relationship – Wealth Management for Medical Professionals

Intentional Charitable Giving – What’s your Plan?

Book Review: The Other Talk – A Guide to Talking to your Children About the Rest of your Life

Making the Most of Your Health Savings Account

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