Wealth Management, Finance & Investing Blog

money and style message pit

The Money (and Style) Message Pit: Do Childhood Money and Style Messages Rob Us of Agency?

By Randy Kaufman and Andrea Greenspan Reprinted with permission from Randy Kaufman. Randykaufman.com© with research assistance from Dustin Lowman, Guitar …

governance planning

Fiduciary Governance Planning for Your Nonprofit Endowment or Foundation

Content adapted from an article originally published by, and used with permission from, Fiducient Advisors LLC. A robust governance framework …

spending policy nonprofits

A Guide to Spending Policies for Nonprofits

Content originally published by, and used with permission from, Fiducient Advisors LLC. “The name of the investment game is not …

investment policy statements

What You Should Know When Creating Investment Policy Statements

Content originally published by, and used with permission from, Fiducient Advisors LLC. Most experienced nonprofit board and committee members understand …

dentist financial planning

Financial Planning for Dentists: Navigating the Unique Challenges

In many ways, the dental profession is thriving and provides a rewarding career for entrepreneurs. Consider that the median pay …

Backdoor Roth IRA

Is a “Backdoor Roth IRA” a good idea?

This is a question that is coming up more frequently, especially from those who wish to defer taking money from …

My Sunny and Warm Tax Haven

After spending a few days recently in the warmth of Miami, I always wonder why I do not live in …

financial planning for people with disabilities

3 Things to Know About Financial Planning for People with Disabilities

Financial planning can already be a daunting task, but for those with disabilities, there are added complexities that need to …

Charlie Munger & Warren Buffett

The Abominable No-Man and the Oracle of Omaha

The recent passing of Charlie Munger, Vice Chairman of Berkshire Hathaway, made us reflect on his and Warren Buffet’s successful …

capital accounts big law partners

Maximizing Financial Success in Big Law: A Guide for Associates at Different Career Stages

As the compensation landscape for Big Law associates continues to evolve, new financial implications also arise, making it more important …

education planning fafsa

How Savvy Investors Plan for Education Expenses

There is a changing reality for many parents – advanced planning and a long-term strategy for financing a child’s education …

investor behavior

Beyond Wealth: Integrating Financial Planning and Investor Behavior

As financial advisors, our purpose is to increase the financial well-being of our clients. And, although I believe we add …

tax law changes

Estate Planning in Light of Current Law: Your Questions and Our Answers – 2024 Update

This post will help you consider estate planning strategies in light of the current federal estate, gift and generation skipping …

IDGT

What is an Intentionally Defective Grantor Trust (IDGT)?

Intentionally Defective Grantor Trusts (“IDGTs”) are a commonly used estate planning vehicle to transfer wealth to family members during the …

Basics of Federal Estate, Gift, and Generation-Skipping Transfer (“GST”) Tax – 2024 Update

The bad news is that there is a federal transfer tax on assets that you give away during life, at …

cliff

Mitigate New York’s Estate Tax Cliff with Smart Estate Planning and Gifting Strategies – 2024 Update

While the large increase in the federal estate tax exemption has provided many with federal estate tax relief, New Yorkers …

new york estate tax cliff

Understanding New York’s Estate Tax “Cliff” – 2024 Update

In 2014, dramatic changes were made to New York’s gift and estate tax law. For many clients, the subject of …

SLATs

Spousal Lifetime Access Trusts (SLATs): FAQs – 2024 Update

What is a Spousal Lifetime Access Trust (SLAT)? It is a trust that you (the grantor) set up for the …

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