Category

Blog

burnout

Striking the Balance: 10 Tips for Managing Burnout While Building Your Career

By Blog
Like millions of folks around the world, my life took a complete turn in April of 2020. Within seven days, I went from living and working in a bustling city to working from a dining room table at my family home in rural western Washington. My days once filled with meetings, lunchtime walks with my colleagues, and busy evenings pivoted to what felt like a never-ending cycle of waking up, caffeinating myself, sitting stationary at my computer for hours, and late nights. Without consistent days in an office and social gatherings with coworkers and friends, the lines between work and…
Read More
buy home children

Helping Your Children or Grandchildren Buy Their First Home

By Blog
Residential real estate markets in desirable cities across the country have long been appreciating in value faster than real estate in the rest of the country. During the COVID-19 pandemic, that growth accelerated even more due to low supply and increased demand from the millennial generation. Even as interest rates rise today and the growth cools down, prices for housing remain high. As a result, buying a first home has become significantly more challenging for younger generations to achieve. Understandably, we’ve spoken to quite a few of our clients who have expressed an interest in helping their children and grandchildren…
Read More
sandcastle

The Sandcastle and the Larger Dune

By Blog
I am writing this from my laptop, while attending a conference on “Artificial Intelligence in Financial Technology” at Stanford University on Friday, June 17, 2022. I must admit there is a feeling that I am, along with professors, grad students, and former colleagues, fiddling with far-out finance topics whilst very immediate and practical issues face our investors. Why go, then? One reason is that this conference had been paused for three years due to COVID shutdowns. Further, now more than ever, it is important to interact with colleagues on the leading edge as one may find new ideas and opportunities.…
Read More
budgeting

Seven Tips for Budgeting in Your 20s

By Blog
Your 20s are often a great transitionary phase. For many, this is a time dedicated to self-discovery, learning about life at a lightning speed, and entering what may start to feel like your first stage of “real life.” As you enter this era, you are experiencing quite a few “firsts” – likely your first “real” job, with your first “real” salary that includes benefits and at least a few days of paid vacation every year. Your 20s may also include a few moves across a city, a state, or the country. And just as you are getting settled into that…
Read More
financial planning golfers athletes

Navigating the Changing Financial Landscape for Professional Golfers and Athletes

By and Blog
Spending over 20 years in the wealth management business, one would think we’ve seen it all – market ups and downs, turbulent economic and socioeconomic conditions, and the once-in-a-lifetime events. New challenges, new disruptions, and unforeseen circumstances, both positive and negative, do however present themselves regularly. At Wealthspire Advisors, we believe in remaining vigilant. We strive to put our clients in positions of financial strength and flexibility, prepare them for necessary navigational changes, and offer guidance in times of opportunity. Wealthspire believes in proactively managing our clients rather than reacting to market conditions. Recently, we began monitoring the implications of…
Read More
P&C premium increases

U.S. Property & Casualty Trends: Common Questions on Rising Homeowner and Auto Premiums

By Blog
Recently, Tom Kavanagh, a financial advisor at Wealthspire Advisors, sat down with Christina Kjaeroe and Heather Vinson, Personal Insurance Advisors at NFP, to discuss the recent rise in P&C premiums for homeowners and auto users. Tom asked Christina and Heather to address some of the most common questions he’s received lately from clients on how to address these increases. Q1. Why are premiums so high these days? There are a few factors that go into this, but generally it is the frequency of claims and the severity of these claims that are driving rates up. Every year we experience record-breaking…
Read More
one thing market almost never does

The One Thing the Market (Almost) Never Does

By and Blog
Amid the seemingly endless volatility in the U.S. stock market, it may surprise you to know that we have a pretty good idea of what the returns will be from it. Now before you declare us out of our minds (there’s lots of other better evidence for that), notice that we carefully omitted any mention of a time frame in the previous sentence. But the truth is, we have a pretty good idea of what will happen over the next 30 years or so. We have a long data history that tells us that the S&P 500 averages between 9-10%…
Read More
retirement

Retirement Checklist: Planning Today for the Tomorrow You Deserve

By Blog
 “Planning is bringing the future into the present so that you can do something about it now.”  - Alan Lakein If that sounds like a downer, that is not the intention! Everything in life is about balance, so perhaps taking on a mindset of making the most of today while planning for a longer tomorrow is more helpful in ensuring a happy and healthy long life. Whether an outcome of living through the past few years or a shift in overall mindset, popular culture today encourages us to focus on the now, live for today, and seize the moment. While…
Read More
ING trust

Incomplete Non-Grantor (ING) Trusts – FAQs

By Blog
What is an Incomplete Non-Grantor (ING) Trust? An ING trust is a trust you set up in which assets you transfer to it are not completed gifts for gift tax purposes, yet the trust is a separate taxpayer for income tax purposes. The primary purpose of ING trusts is to eliminate the state income tax owed on the assets in the trust. The ING trust must be carefully drafted so that grantor trust status is not inadvertently triggered, while also giving you, as grantor, enough powers over the trust so that your transfer of assets into the trust are not…
Read More

The Securing a Strong Retirement Act of 2022: What You Need to Know

By Blog
The Securing a Strong Retirement Act of 2022 (aka SECURE Act 2.0) recently passed the House (by a 414-5 margin, so, believe it or not, on a bipartisan basis), and looks to have enough support to pass the Senate sometime this year. Introduced by Reps. Kevin Brady (R-Texas) and Richard Neal (D-Massachusetts), who led the original SECURE Act of 2019, the bill looks to encourage Americans to save for retirement. Below are the current highlights: The original SECURE Act raised the age at which you must start taking required minimum distributions (RMDs) from traditional IRAs and 401(k)s to age 72 from age…
Read More