Author archives for Chelsi Balfour

    Buy, Hold… Hope?

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    Buy, Hold… Hope?

    By Perry Bean, Wealth Advisor One of the most common investment philosophies is the “buy-and-hold” approach. Essentially, the idea is that investors own stock for the long-term and “ride out” market downturns given it is very difficult to time the market. While there is extensive evidence t …

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    Why Buy Life Insurance if I Have a Large and Liquid Estate?

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    Why Buy Life Insurance if I Have a Large and Liquid Estate?

    Scott Roberts, CPA, CLU Director of Insurance Strategy   Once clients have done the level of estate planning with which they are comfortable and have reduced their estate taxes as much as they can, it often makes sense to buy life insurance to cover some or all of the remaining taxes.  …

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    The Rise of the SPAC

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    The Rise of the SPAC

    You may have heard financial pundits speaking about “SPACs” recently. A SPAC, or Special Purpose Acquisition Company or “blank check company”, is a company formed to raise capital through an initial public offering (IPO) with the intention of deploying the capital through acquisitions and m …

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    How Tax-Savvy Small Business Owners Optimize Deductions While Turbo-Charging Their Retirement Savings

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    How Tax-Savvy Small Business Owners Optimize Deductions While Turbo-Charging Their Retirement Savings

    by Perry Bean, Wealth Advisor Like many business owners, you may have looked to establishing a 401(k) profit sharing plan as a tax-efficient strategy to utilize deductions, accumulate tax-deferred retirement assets, and grow your business through attracting talent and incentivize employees.

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    Don’t Lose Your Tax Exemption

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    Don’t Lose Your Tax Exemption

    In March 2019, I wrote about how the Tax Cuts and Jobs Act of 2017 increased the estate & gift tax exemption significantly (currently $11.58 million per person) but is scheduled to drop back down again in 2026 (to an estimated $6.5 million per person) [www.irs.gov]. 

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    What’s Happening with Life Insurance During the Pandemic?

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    What’s Happening with Life Insurance During the Pandemic?

    The first thing to know about life insurance during this (or any) pandemic is that the insurance companies will pay the death benefit.  Individual life insurance policies do not have exclusions for pandemics.  In fact, once past the 2-year contestability period, there are hardly any exclusi …

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    SECURE Act Can Negatively Affect Estate Plans

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    SECURE Act Can Negatively Affect Estate Plans

    Most people know by now that the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act – gotta love government acronyms – has some major changes to IRA rules.  One, moving the Required Minimum Distribution (“RMD”) age to 72 from 70 ½, is helpful.

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