Historically, charitable planning has involved strategies like a charitable remainder trust or perhaps the establishment of a private foundation.

Many companies include stock options in employee compensation packages, and if you’ve been offered stock options as part of a compensation package, it’s important to understand the types of options you are being offered. We'll cover some key mistakes to avoid when exercising non-qualified stock options (NSOs), termed “non-qualified” because they do not meet all of the IRS requirements to be deemed incentive stock options (ISOs).

Americans contribute a significant portion of their lifetime earnings to Social Security in exchange for an inflation protected income stream during retirement.

Parents want to give their children all the help they can, and if they have the wherewithal to improve their kids’ financial standing, they often do so. One great idea that we’ve used with many of our clients is gifting money to their children to fund a Roth IRA.

We’re big believers in long-term care insurance (we both own policies), but the premiums can be quite expensive. One relatively recent innovation in the insurance realm is the option of converting a portion of the cash value on a life insurance policy into a long-term care policy.

“You have to spend money to make money.” Yes, this statement has become a bit of a cliché, but it’s also accurate when it comes to investing fees. Unfortunately, one of the biggest issues with these fees is that there can often be a lack of transparency when it comes to how much you’re being charged. It’s critical for investors to understand what they’re getting from these surcharges. Here are two key questions you should ask. 

1. I’ve done well for myself, but I’m far from a Rockefeller. Why do I need an estate plan?Everybody needs an estate plan, regardless of wealth.