Forgotten Annuities, Found Opportunities
A fair amount of people are sitting on old annuity contracts they haven’t thought about in years. These contracts typically carry values between $50,000 and $250,000 – and are often modest relative to a household’s broader balance sheet. Sometimes annuities were purchased years ago from a family friend entering the insurance business, or as a simple tax-deferral vehicle that never got revisited. Because […]
Roth Strategy, Earlier: The Planning Opportunity Behind “Trump Accounts”
Tax planning is often less about finding new strategies and more about applying familiar ones at the right time. In many cases, the timing of when income is recognized can have as much impact as the investment itself. A recent topic that fits into this broader idea is the concept of so called “Trump accounts.” […]
Proposed “Millionaires Tax”: Should Washington Residents Worry?
Approved by the state legislature this month, Washington’s proposed Millionaires Tax would impose a 9.9% levy on household income exceeding $1 million annually. The bill will become law in April unless Governor Bob Ferguson vetoes it. Critically, the tax applies only to earnings above that threshold – not total income. If a household earns $1,000,500, only $500 […]
Behavioral Biases and Wealth Erosion: The Silent Risk of Emotional Financial Decisions
Recent economic reports indicate that while the most extreme inflationary spikes have subsided, the path to price stability remains complex. February’s data showed headline inflation at 2.4%, yet the Federal Reserve’s preferred metric—the PCE index—remains more stubborn. According to the Wall Street Journal, this index held at 2.8% in January, with “core” inflation (excluding volatile food and energy) reaching 3.1%. […]
Staying the Course: Wealth Planning Amid Geopolitical Volatility and Rising Oil Prices
Geopolitical headlines over the last week have been nothing short of jarring. As news of the joint U.S. and Israeli air strikes on Iran continues to dominate the global cycle, it is natural for feelings of anxiety to surface. We are seeing a direct impact on energy markets, with oil prices surging and the critical […]
4 Strategies for Parents to Support Their Class of 2026 Graduate in a Tough Job Market
As published on Kiplinger For parents of the Class of 2026, current headlines can feel challenging. After years of tuition payments and academic rigor, the prospect of a “weak” entry-level hiring market — the softest since the pandemic — raises a fundamental question: Is the return on investment for a college degree diminishing? Remember that market cycles […]
How to Help Your Children Buy Real Estate in Today’s Market
The domestic real estate market, which has remained largely stagnant for the past twenty-four months, may show signs of movement. Recent data, including reports from the Wall Street Journal, highlight a downward trend in interest rates, with rates reaching their lowest levels in several years. While this shift suggests a potential uptick in home sales, it does not […]
Estate Plan Communication: Why Talking to Your Family Is the Most Overlooked Planning Step
An estate plan should be more than the legal minimum. Foundational documents such as wills, revocable trusts, powers of attorney, and healthcare proxies are a great start. For more affluent families, additional trusts and advanced structures may further enhance tax efficiency and asset protection. Keeping those structures aligned with current tax law and properly modeling liquidity are […]
California Billionaire Tax Act: What the Proposed Wealth Tax Means for High-Net-Worth Residents
In recent news, Mark Zuckerberg is joining the California exodus of ultra-wealthy taxpayers and purchasing a home in Florida. The catalyst is California’s proposed 2026 Billionaire Tax Act, a ballot initiative that would introduce a state-level tax on net worth, effective January 2026. If the initiative makes the November ballot and passes, it would impose a one-time 5% tax on […]
Class of 2026 Job Market: Helping Your College Graduate Navigate Entry-Level Hiring Challenges
Recent headlines surrounding the “Class of 2026” have raised understandable concerns among parents and students alike that entry-level jobs are disappearing. Hiring outlooks for new graduates are being described as the weakest since the pandemic, prompting questions about whether the return on a costly degree may be delayed or diminished. These concerns are not isolated. […]
Charitable Remainder Trusts: How CRTs Can Manage Capital Gains and Provide Income
You may have encountered Charitable Remainder Trusts in conversations with others after a liquidity event or through tax professionals discussing strategies for managing large unrealized gains. In the appropriate situation, a Charitable Remainder Trust (CRT) can help address tax efficiency, income planning, and charitable objectives simultaneously. How a CRT Works A Charitable Remainder Trust is a split-interest trust funded with appreciated assets […]
Top Financial Planning Priorities for 2026: New Tax Rules, OBBBA Changes, and Key Risks
Last year, the enactment of the One Big Beautiful Bill Act (OBBBA) preserved many key provisions of the federal tax code for individuals, including lower marginal income tax rates and a higher estate tax exemption. However, several planning rules have changed quietly. Provisions from recent legislation – most notably the SECURE 2.0 Act – are now taking […]