Articles

In this post-election discussion, David Edwards of Wealthspire Advisors engages with Buff Parham of Parham & Associates to analyze the recent presidential election.

What is a Charitable Remainder Trust (CRT)? It is a trust where non-charitable beneficiaries (usually the grantor and grantor’s spouse) receive payments at least annually during their lives or for a number of years, and a charity receives the trust assets remainingat the end of the trust term. A charitable trust is also referred to as a “split interest trust”. This is because the beneficial interests in the trust are “split” between the initial non-charitable beneficiaries and the charitab

In today’s fast-paced world, managing bills can be a time-consuming task. Whether you’re balancing a busy professional life, managing a business, or simply looking for a more organized way to handle your finances, hiring a personal bill pay service might be the solution. But before you entrust someone else with such an important responsibility, there are several critical questions you should ask to ensure they’re the right fit for you. 1. How experienced are they? Your first concern should be w

Market fluctuations are a natural part of investing, and it's not uncommon for some of your investments to lose value during periods of volatility. When this happens, you can capitalize on portfolio losses by selling underperforming investments. The proceeds from the sale can then be reinvested into similar funds to keep your portfolio aligned with your long-term financial plan. But the real benefit goes beyond maintaining your asset allocation – by realizing these losses, you can offset capita

As the year draws to a close, investors should be aware of the potential capital gains distributions that mutual funds and certain ETFs often make around this time. These distributions can have a significant impact on an investor’s long-term wealth. Think of your investment accounts as a monetary pipeline, where cracks can drain your assets, leaving you with less than you could have accumulated. Taxable capital gains distributions can be a large drag on portfolio performance over time. With pro

The Tax Cuts and Jobs Act of 2017 (the “Act”) contained a number of favorable tax provisions. Among other changes, the Act reduced the top income tax rate from 39.6% to 37% and significantly reduced the number of taxpayers subject to the AMT. The Act also raised the exemption from gift and estate tax to a historic high. In 2017, an individual could pass $5.6 million (indexed for inflation) per person free from transfer tax. Following the passage of the Act, in 2018, the same individual could no