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mortgage invest estate plan

Financing Your Home: What to Expect When You’re Taking on Debt

By Blog
My wife and I purchased our first home five years ago, which was not nearly as fun as an episode of HGTV’s House Hunters makes it out to be. After actively searching for months and putting offers in and losing out on six different houses, we finally grabbed the brass ring with our new home. To do that, we had to beat out seven competing offers after seeing the home for only 20 minutes during an open house on its first day on the market. Overall, it was a stressful experience, but we ended up with a beautiful home that…
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esg metrics

Inconsistencies in ESG Metrics

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With sustainable and impact investing assets accounting for a fourth of the total U.S. net flows in 2020, it is clear that environmental, social, and governance (ESG) investing continues to grow in popularity. Despite this rapid interest in ESG investing, the data remains inconsistent, and investors are wondering what metrics to use to measure ESG results. In this blog, we detail the current landscape of ESG metrics, explain how we at Wealthspire evaluate funds in this space, and provide resources that can be used by the everyday investor. What is Impact Investing? Aligning investment portfolios with personal values can come…
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working moms

Farewell, June Cleaver

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In 2020, we saw American motherhood shift into an insane multi-tasking circus which included our normal work, but now at home, coupled with virtual schooling for our children, on top of our everyday household duties. It was wild (to say the least) and before I go any further, I would like to give every single mom a round of applause! As the nation starts to make gradual shifts back to in-office working, I am reminded of the good old 1960s sitcom, “Leave It to Beaver,” in which working Dad, Ward, always managed to get home in time for dinner to…
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laddering life insurance

Laddering Life Insurance to Reduce Costs

By and Blog
A Brief History of Life Insurance Life insurance is a powerful tool in wealth management with a long history dating back to Ancient Rome. Roman soldiers participated in “burial clubs,” in which members pooled resources to help pay funeral costs for the deceased. The actuarial tables used by insurance companies today to help determine policy premium costs have their origin dating back to the 1700s. Life insurance, like any type of insurance, transfers a catastrophic risk away from you and your family to an insurance company. Here the catastrophic risk is your premature death and the loss of your earnings…
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fixed income investing rising rate

Fixed Income Investing in a Rising Rate Environment

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Expected future returns for the prototypical equity/fixed income portfolio have been coming down for the last few years as valuations of each of the two asset classes therein have become increasingly expensive. For fixed income investors, this has merely been an extension of a longstanding bull market which has seen the yield on the 10-Year U.S. Treasury Note decline from over 15% in the early 1980s to as low as 0.52% in August of 2020. Since that time however, improving prospects for economic growth, largely driven by the successful development of multiple COVID-19 vaccines, have driven bond yields higher by…
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child tax credit

The Child Tax Credit: 2021 Updates

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The Child Tax Credit has existed in many forms over the last 20 years, but the changes implemented by the American Rescue Plan Act of 2021 have expanded the program significantly. It is estimated that more than 93% of children, ~69 million, will receive benefits under the new plan. The new credit will not impact all families equally and currently only applies to the 2021 tax year. In 2020, each child under the age of 17 claimed as a dependent on a parent’s return could qualify for a credit of up to $2,000. This credit was implemented under the Tax…
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2021 tax law proposals

The Shape of Things to Come: 2021 Tax Law Proposals

By Blog
Although I am writing this in early April, I promise you, this is no April Fools’ Day joke. There are many potential tax law changes on the horizon, but today I will address two of the most recent proposals. On March 25, 2021, Senators Bernie Sanders (D-VT) and Sheldon Whitehouse (D-RI) introduced what they call the “For the 99.5% Act.” The title refers to the authors’ attempt to make the estate tax system more progressive so that it will result in a stronger economy for 99.5% of Americans, only impacting the top 0.5%. Under current law, the estate and gift…
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market correction

How to Prepare for a Stock Market Correction

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There is a lot in the press, online, in chat groups, and on TV telling everyone that the market is at an all-time high and that a market correction could be coming soon. What should you do? Establish a Financial Plan and Stay the Course Creating and sticking to a financial plan – a road map of where you are and want to be financially – will keep you from making knee jerk moves in response to media hype, chat group predictions, and even actual market declines that you may later regret. It’s impossible to time the market. No one…
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planning partners law

Planning Challenges for Rising Partners at Top Law Firms

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Attorneys at the largest, most selective law firms work in a rarefied space. They serve leading companies, advise top officials, and walk hallowed hallways alongside the nation’s elite. And a select few may eventually become partners – both a professional and financial triumph that promises status and other rewards. Years of creating complex financial plans for legal professionals has highlighted that the transition to partner can be financially difficult. While making partner can seem to be the key to financial success, in the short-term many new partners are not prepared for the transition to partner – grabbing the golden key…
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advisor designations

Advisor Designations and What They Mean

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When looking for a financial advisor, you’ve probably noticed the “alphabet soup” of letter combinations that can follow an advisor’s name. There are over 100 different financial advisor certifications, so it can be confusing to determine what these letters mean, and which advisor might be best for you based on these qualifications. So, what is a CFA®? And what’s the difference between a CFP® and a CFA®? Here, we break down some of the most common financial designations and what they mean for you. CFP® - Certified Financial Planner™ A Certified Financial Planner™ certification or CFP® mark is one of…
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