News & Updates
What to Do in a Bear Market
For investors in the stock market, one of the challenges is experiencing the market drops that are bound to happen. A number that the media focuses on is a 20% decline in the stock market, defined as a bear market. Each time this happens, some of the characteristics are the same even though the details are always different. In this post, we talk about how to invest through a bear market and what investors can do to prepare.
Could a Donor-Advised Fund Help Lower Your Tax Bill?
For those looking to use their wealth to support charitable causes, a donor-advised fund (DAF) can be an effective tool. Donor-advised funds may allow you to optimize the tax benefits of your gift, grow contributions tax-free and simplify your giving. In this post, we describe how donor-advised funds work and some of the potential tax benefits they can provide.
Does a Second Act Make Sense for Your Career?
Retirement is one of the most important financial decisions you can make in your life. Not only are you traditionally leaving behind a consistent income, but you’re deciding to leave a career you built for 15-25+ years. However, times are changing and so is...
Are You Covering Your Risks with an Umbrella Policy?
As you think about insurance, areas like healthcare, auto, homeowners, and life insurance are often the first areas to come to mind. However, a missing piece for many insurance plans is umbrella insurance. This typically affordable insurance can protect your assets from an unexpected event that may severely damage your finances. In this article we will discuss what umbrella insurance is and whether you should have one.
Planning for 2022: Key Deduction, Exemption, and Contribution Limits Increased by the IRS
The spike in inflation we’ve seen this year has impacts beyond having to pay more for goods and services. The IRS uses consumer price inflation (CPI) to determine certain increases to exemptions and deductions for federal tax purposes. These are automatic and...
Are Health Savings Accounts the Ultimate Retirement Savings Vehicle?
For thoughtful retirement savers, minimizing your lifetime tax bill is a key consideration. This is why we see so many savers utilize accounts like traditional IRAs, Roth IRAs and 401(k) accounts. However, there is another account that has the most favorable tax...
Should You Use the Michigan 529 Plan to Save for College?
Over recent years, direct investing in rental properties has been a popular topic. One of the key attractions of rental properties is the idea of passive income – another source of income to complement your salary or business income that doesn’t involve a lot of extra work.
Should You Own a Rental Property?
Over recent years, direct investing in rental properties has been a popular topic. One of the key attractions of rental properties is the idea of passive income – another source of income to complement your salary or business income that doesn’t involve a lot of extra work.
5 Mistakes Stryker Employees Make with Their Stock Options
Employee stock options can be a valuable part of a Stryker employee’s total compensation. They enable employees to benefit from the company’s upside and can create meaningful wealth. However, stock options are more complicated than just owning company stock and they have unique tax treatment.
What Should I Do With My RSUs?
Restricted Stock Units (RSUs) are a type of equity compensation reserved for employees. RSUs give employees ownership in the company they work for and allow them to participate in the company’s success. These RSUs can become very valuable and may represent a growing portion of your investment portfolio over time. It is important to incorporate RSUs in your financial planning to ensure you are making the most of this investment.
Roth IRAs – An Underutilized Tool for Investors
Roth IRAs are a popular savings tool, but their full potential is still underappreciated by many investors. Given their flexibility and optionality, Roth IRAs can be an important investment vehicle for both those starting out in their career and those starting to think about retirement.
Do You Own Too Much Company Stock?
Owning company stock can be a great way to participate in your company’s success. You may have received the stock through restricted stock units (RSUs) or stock options from your company or purchased shares directly or through an employee stock purchase program...
When is the Right Time to Refinance Your Mortgage?
For many homeowners, the mortgage payment is one of their largest expenses. With mortgage rates declining, there could be a significant opportunity to lower monthly payments.
How the SECURE Act May Impact Your Finances
The SECURE Act could have a meaningful impact on your finances. This article will focus on five key provisions likely to affect you going forward.
Investment Lessons of the Last Two Decades
As we end the decade on a high note for the markets, it is worth reflecting on the past 20 years and how we got here.
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