Why Financial Planning Is an Ongoing Process, Not a One-Time Event
Many people approach financial planning with the idea that it is something to complete and move on from. They meet with an advisor, create a plan, check a few boxes, and assume they are set. For a time, this may feel sufficient. Life feels organized, priorities are outlined, and there is a sense of relief […]
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A Guide to Understanding Tax Efficient Strategies
Taxes influence almost every part of a person’s financial life. Income, investments, retirement planning, charitable giving, and even healthcare decisions often come with tax considerations. Since taxes can affect how much of your money remains available for long term goals, many people look for ways to structure their financial choices with tax efficiency in mind. […]
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Strategic Tax Insights for High-Net-Worth Individuals
High-net-worth individuals (HNWIs) often face a complex financial landscape characterized by diverse investments and sophisticated financial concerns. They require comprehensive financial planning to preserve and manage their wealth. Strategic tax planning is also integral to HNWI’s wealth management because it allows them to manage their tax liability as they work toward their financial goals. While […]
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How to File Taxes the First Year After Divorce
Divorce can significantly change life and has considerable implications on taxes. Tax filing after divorce requires understanding new filing statuses, exemptions, child deductions, alimony, and property settlements, among other things. Here are the steps to help navigate filing taxes the first year after divorce. Understand your filing status Tax filing status largely affects how much […]
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Alimony and Child Support at Tax Time
Alimony and child support are critical financial componentsoften arising during divorce proceedings. These payments can significantlyimpact both parties’ finances, particularly during tax time. Understanding howthese payments are taxed may ease some concerns and provide clarity at taxtime. This article explains the differences between payments froma tax filing perspective. Alimonyvs. child support: What’s the difference? Alimony, […]
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Tackle Your Tax Burden with a Well-Designed Life Insurance Policy
For many high-net-worth (HNW) individuals, managing finances and minimizing their tax burden are top priorities. One strategy that often gets overlooked in the pursuit of reducing taxes is life insurance. While life insurance is traditionally thought of as a way to provide independence for loved ones after one’s passing, it can also be a valuable […]
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Grow Old with Me–Live (Almost) Tax-Free
What will you look for as you approach your “golden” years? Sunshine and the beach at your feet, or colder climates with your favorite cross-country skiing course outside your door? An affordable condo on the golf course with room for a visit from your grandchildren? Friends and family close by, or new “elder” friends living […]
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