After a Natural Disaster: How to Decide Whether to Rebuild or Relocate
As published in Kiplinger A home is more than an asset — it’s where milestones are celebrated, memories are made, and a sense of stability is anchored. The emotional and financial impact can be profound when a natural disaster strikes. And once the immediate damage is assessed, a more complex question emerges: Should we rebuild […]
The Truth About Social Security Tax Relief in the Big Beautiful Bill
Demystifying Proposed Social Security Tax Relief A provision in the ‘Big Beautiful Bill’ that many associate with tax-free Social Security benefits is in the news cycle and confusing taxpayers. The proposed legislation, currently under revision in the Senate, does NOT mention tax-free Social Security. However, it does include an adjustment to a long-standing senior deduction. The […]
Early Social Security Claims Surge: Should You Claim Benefits Sooner?
Recent Trends in Social Security Claims According to the New York Times, early claims for Social Security benefits have increased by 13% since the beginning of the year. This rise is notable, especially considering the Social Security Trust Fund’s projected depletion timeline remains unchanged. The current surge in early claims appears to stem from heightened […]
House Passes Major Tax Bill: Key Provisions High-Net-Worth Taxpayers Should Monitor
House Passes Major Tax Bill – Key Provisions to Watch Last week, the House of Representatives passed a significant tax bill, which now heads to the Senate for approval. As this bill navigates the legislative process, remember that its provisions can change before it becomes law. Here’s what you should know about the key proposals […]
Navigating the Markets and Building Wealth Webinar
May 21, 2025 – Managing Director Shawn Wallace hosts Managing Directors Derek Scarth and Josh Freedman and Head of Wealth Planning Mallon FitzPatrick to discuss the markets as well as provide wealth planning tips to help secure your financial future.
One Big Beautiful Bill: Legislative Update on Proposed Tax Changes Affecting Wealthy Families
Legislative Update: Proposed Tax Changes in House Bill The latest version of the House’s proposed legislation, previously known as the “One Big, Beautiful Bill,” remains intact, mainly following negotiations during the past week. Highlighted below are key provisions that may impact and are subject to changes: Individual Tax Cuts If the bill is passed in […]
House Tax Bill Highlights: Key TCJA Provisions and Wealth Planning Implications
Preliminary Insights into House Tax Bill This weekend, the House of Representatives Ways and Means Committee released an initial draft of its proposed tax legislation. The primary focus of this draft is to address the provisions of the Tax Cuts and Jobs Act (TCJA) that expire at the end of this year. This proposal is […]
TCJA Extension and Congressional Tax Updates: What High-Net-Worth Taxpayers Should Know
Congressional Budget and Tax Update The proposed federal budget and its potential implications are currently a focal point in Washington. Ongoing discussions in Congress center on the future of the Tax Cuts and Jobs Act (TCJA), which is set to expire next year unless Congress acts to extend it. Republican lawmakers are considering whether to […]
When Should You Take Social Securtity?
May 6, 2025 For wealthy individuals and couples, Social Security might appear to be a smaller component of the overall wealth plan. However, overlooking its nuances could mean leaving value on the table long-term. Let’s discuss considerations for optimizing your Social Security benefits, ensuring this component of your retirement works hardest for you. Social Security […]
Creating Peace of Mind: Wealth Planning Strategies for Continued Market Turbulence
Creating Peace of Mind During Volatility The markets feel relatively calm compared to early April, and it is easy to become complacent. However, it remains more likely than not that we will experience continued turbulence this year, which may cause ongoing concern. One key objective of wealth planning is to help provide peace of mind, […]
Will My Children Inherit Too Much? Estate Planning Strategies for Affluent Families
As published in Kiplinger If you worry about how your children will handle an inheritance, you’re not alone. Luckily, you have options — from lifetime gifting to trusts — that can help. Some parents worry that leaving too much money to their children could hinder their growth or well-being. But what constitutes “too much” is […]
Annuities for High-Net-Worth Investors: Seeking Stability Amid Market Uncertainty
Seeking Stability with Annuities Amid this year’s market volatility, certain high-net-worth individuals and families who have historically been comfortable with risk are shifting their behavior. Some are now expressing increased interest in annuities to manage uncertainty and protect future income. In 2024, total annuity sales were $432.4 billion, up 12% from the prior year. Overall […]