When you think about estate planning you probably think about legacy-style families like the Kennedy’s or people who are “wealthy”. However, each of us have an estate according to the Internal Revenue Service (IRS) and each state we live in. No matter your worth, we recommend having an estate strategy to align with your future wishes after you pass away.
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Consumers are stressed out over yogurt.
The Wall Street Journal recently published an article about declining yogurt sales - Yogurt Sales Sour as Options Proliferate. The main theme of the article is that consumers have too many choices.
Three months ago in my last letter I wrote about ‘anti-fragility’: that the downturn we experienced in the stock market at the end of 2018, while upsetting, was NOT the end of the world. It was an occasion to review our portfolio and get better.
Where are we now?
By Paul Morrone CFP®, CPA/PFS, MSA
The term ‘stock options’ is kind of a catch-all to describe a form of incentive compensation usually awarded to a select group of highly compensated employees. Options can come in many forms, which is why there is often a lot of confusion surrounding stock as a form of compensation and what it means to the person receiving it from an ownership and tax standpoint. There are numerous articles which cover these two items in detail, but what is often unaddressed is the financial planning impact of having stock options and what it means from risk, income and asset allocation perspective (the ‘big picture’ stuff).
By Tom Lally
I spent last weekend in Portland, for a bachelor party for one of my best friends from college. The groom to be loves craft beer so we planned to visit several local breweries. I knew of a couple located in Portland, but I had no idea there were so many.
The decision to retire brings with it several choices that individuals must make. You not only have to decide how much to save for retirement and when to finally pull the trigger and retire, but you also should consider how your retirement savings are going to hold up during retirement and what kind of expenses might lay in front of you on the road through retirement.
Imagine a brainstorming session in Detroit going something like this:
Cars have gotten so expensive, why don’t we add an alarm to provide increased protection against theft?
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