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Founder and CEO,
Wescott Financial Advisory Group LLC
Grant Rawdin is Founder and CEO of Wescott. He founded the firm in 1987, which grew from the tax, business and estate services he provided to clients at Duane Morris LLP, a venerable AMLaw 100 law firm. Grant is an attorney, an accountant and a Certified Financial Plannerâ„¢ and has served as adviser to many businesses, providing strategic, ongoing, and merger and acquisition advice. He is admitted to both the Pennsylvania and New Jersey Bars.
Grant and Wescott are recognized as leading the investment and financial planning industry in innovation, growth and size. Wescott is among the top 25 financial advisers in the U.S. in the Top 100 rankings of Barron's, Forbes and CNBC. His articles, research and advice have been regularly featured in scores of national, local, popular and industry publications. He is also a frequent speaker on a variety of issues at national conferences.
Going through a divorce in your 50s or beyond can be especially complicated and fraught with financial implications. There are two areas in particular you need to be prepared for: taxation of alimony and updating your estate plan.
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How to best give to charity in a tax-smart way could depend on your age. Donor-advised funds and QCDs are two different methods to consider that can still deliver tax savings, even with today's higher standard deductions.
The SECURE Act is not a done deal yet, but it makes sense to watch it closely because it could affect everything from RMDs to inheritances.
The program is under pressure, and lawmakers are considering a handful of strategies to shore it up. Some could have big impacts ... especially on the wealthy. So stay vigilant and plan carefully to maximize your benefits.
Coming into a large amount of money, especially when it arrives in the form of an inheritance, can trigger a wave of emotions. If you're not prepared, you could make some bad moves.
With their many moving parts, compensation plans come with many possible options and decisions. Making the right moves at the right time can mean a big difference in your bottom line.
Leading by example is always a good idea, and the earlier you start, the better. These three lessons can get the whole family going in the right direction.
Splitting up money is easy. Splitting up an antique car or a vacation home isn't. And unless you plan ahead by answering these three questions, your family could be in for some strife.
If you try to make your retirement look like the typical picture that comes to mind, you may find yourself dissatisfied, bored or restless. Instead, look beyond these retirement myths to find what will make you truly happy.