In the ever-changing landscape of the global economy, investors will be navigating potentially unfamiliar waters during the last couple of months in 2023. Uncertainty seems to be the only constant, with markets fluctuating as geopolitical tensions are rising.
Despite all the question marks on what will happen in the short-term, there are some things that can be done to help keep investors at ease.
When it comes to executive compensation, company stock can be incredibly appealing. For top-level executives, it often makes up a significant portion of their compensation packages, offering financial rewards and…
This is the time of year when we are inundated with advertisements regarding Medicare. Most of these messages can be ignored, but we highly recommend that you take a few minutes to shop your Part D stand-alone prescription plan if you are on original Medicare (Parts A & B) and you have a supplement.
You currently have until December 7th to change your Part D prescription insurance plan for the next year. It is possible that a new insurance plan could save you substantial dollars in 2024, even if you like your current Part D prescription plan.
Roth conversions are a popular planning concept that we at SWP discuss and implement with clients on a regular basis. What is it? Why do clients do it? And why might a client not do it? Before we begin, please note that the content below is meant for informational purposes only and should not be treated as tax advice. Always consult with your tax advisor before implementing any Roth conversions.
For many Americans, retirement represents a milestone goal, a transition into truly embracing freedom in many ways for the first time. It’s a reward for a lifetime of hard work…
Humor me for a moment and try to remember accessing the internet in the early 1990s. For me, connecting went something like this: Double checking no one was on the…
I will admit that I am a little bit of a news junkie. In the age of the internet, we are constantly bombarded with stories about anything and everything vying for our limited time and attention, from the “Most Exciting Football Play of the Week” to the “Best Places to Retire.” Even more so, money controls many of our basic human emotions, such as personal security, fear, and greed. With the constant deluge of information coming at us from all directions, how are we supposed to stay up to date with what’s going on in the world AND maintain our long-term investment strategy?
Tax planning may not be the most exciting part of creating a financial plan. But if you want to keep more of your money in your pocket, active tax management is critical.
For instance, let’s say you’re planning on selling your business. While negotiating a good price is important, so is structuring a tax-efficient way to receive the proceeds. Investing these assets strategically post-sale can, in turn, help minimize taxes as you draw down the funds over the years.
At SWP, we believe that active tax management should play a central role in any financial plan. In this article, we’ll outline the key strategies involved in implementing appropriate and effective tax management.
As we transition from the first to the second half of the year amidst a positive market but an uncertain economic picture, it’s crucial to adapt your financial approach accordingly. In this article, I outline six different investment and planning topics with high-level considerations to help optimize your financial plan before year-end.