Seek and Find!
Q: We have built quite a bit of equity in our house over the past couple of years. Is it a good idea to use a home equity loan to tap into some of that money?
In this follow-up to our webinar last year “Outliving Your Annuities”, we’ll take a deeper dive into how annuities can support long-term retirement income planning.
Parents often want to invest in their children’s future but are unsure of the best options. Without proper guidance, they may miss out on opportunities to build wealth for their child’s education, future home purchase, or other financial goals.
The gift and estate tax system is a federal transfer-tax system composed of two main taxes: the gift tax, which applies to transfers made during an individual’s lifetime, and the estate tax, which applies to the decedent’s estate at death. This system is designed to tax the transfer of wealth, with specific exemptions and deductions available to reduce tax liability.
There are some important tax strategies to consider adding to your checklist as you approach the end of the year.
Health care remains important throughout life, but it often becomes an even greater focus after retirement. As you age, maintaining your health becomes a top priority, which may involve more frequent doctor visits for routine exams and preventive screenings. Additionally, aging can bring a higher likelihood of health issues, potentially leading to increased expenses for medications and medical procedures. That’s why having reliable health insurance is essential to help manage these rising costs.
When developing your estate plan, you can do well by doing good. Leaving money to charity rewards you in many ways. It gives you a sense of personal satisfaction, and it can save you money in estate taxes.
Risk is multifaceted and deeply personal. Whether you are building a long-term portfolio for growth or for capital preservation, understanding how risk functions—and how it aligns with your financial plan—is essential.