Building Wealth

Building Wealth

Professional financial advisers share fresh insights and best practices for working with clients to build and protect wealth.

April 8, 2020

Why Retirees Should Care about the CARES Act: How to Maximize Coronavirus Stimulus Package

The government's $2 trillion stimulus bill has something for pretty much everyone. Here's how retirees are affected and some steps to consider to make the most of this measure.

See More On: Making Your Money Last | Wealth Management

April 8, 2020

The Coronavirus-Caused 529 Plan Tax Risk You Can't Ignore

With the coronavirus canceling college classes, you could be due a refund. But if you used 529 plan withdrawals to pay for tuition or room and board, you could be hit with a tax bill if you don't take this action within 60 days.

See More On: 529 Plans | Paying for College

April 8, 2020

Hey, Retirees: Looking for a Tax-Free Source of Income?

In challenging times, federally insured home equity conversion mortgages offer an outside-the-box income option for those 62 and older.

See More On: Making Your Money Last | Mortgages & Refinancing | Wealth Management

September 12, 2019

How to Calculate the Break-Even Age for Taking Social Security

Do you know what your Social Security break-even age is? Here's how to figure it out, and how it could help you decide when to take Social Security, especially during times when retirees' stock portfolios have taken a beating.

See More On: Social Security | Making Your Money Last | Wealth Management

April 7, 2020

Superwomen Can Only Be Super When We Get the Support We Need

One secret to success that more women (even those with seemingly super powers) should embrace? Delegation! Here are some suggestions for working women on enlisting the help of others across the universe of their lives.

See More On: Family Finances

April 7, 2020

Coronavirus and Your 45-Day 1031 Exchange Deadline

You've successfully closed on the sale of your property and want to move forward with a 1031 Exchange, but what do you do now that you're stuck in quarantine or lockdown? Don’t miss your 1031 Exchange Deadline due to the coronavirus. Take a look at these solutions instead.

See More On: Buying & Selling a Home

April 6, 2020

Estate Planning Is More Important Than You Think

Estate planning ensures financial security for your loved ones if something should happen to you by protecting your hard-earned assets – such as your home, investments, retirement accounts and life insurance.

See More On: Estate Planning | Wealth Management

April 6, 2020

The Real Reasons People Decide to Buy Long-Term Care Insurance

Before you dig into costs, benefits and contingency plans, step back and look at the big picture. This decision is bigger than budgets and life-expectancy tables. It's about your family and your wishes for them as well as yourself.

See More On: Long-Term Care Insurance | Making Your Money Last

April 6, 2020

Filing My Taxes Early Cost Me My Stimulus Check

"A smart person learns from [their own] mistakes, but a truly wise person learns from the mistakes of others." Here's one CPA's story of how doing the "right" thing cost him and his family $2,900.

See More On: Tax Prep & Filing | Tax Planning

April 3, 2020

Find the Right Rung on the Legacy Planning Ladder

Even simple estates need a plan, whether it be a will or possibly a trust. Putting your plan together is like climbing a ladder: Just take it one rung at a time.

See More On: Estate Planning | Wealth Management

April 3, 2020

Coronavirus Crisis Brings Estate Tax Opportunity

A confluence of financial conditions during this challenging time means that some families with very large estates may want to consider taking steps soon that could potentially help them avoid paying federal estate taxes later.

See More On: Estate Planning | Wealth Management

April 3, 2020

Small Businesses Should Jump on CARES Act Benefits Now

I've never seen anything like the CARES Act for small businesses. Here's how to take advantage of this economic stimulus opportunity.

See More On: Small Business | Loans | Making Your Money Last

April 2, 2020

Expecting the Unexpected: Navigating Illness and an Unplanned Leave of Absence

If illness puts you out of work for weeks, how will you get by? Now is the time to get your ducks in a row, just in case.

See More On: Careers | Employee Benefits

April 2, 2020

What's Going on with Bonds During the Coronavirus?

To understand, you need to know a few bond basics. Here's a primer on how bonds work, and how disruptive events like the coronavirus and falling interest rates can affect their performance.

See More On: Saving for Retirement | Stocks & Bonds

April 1, 2020

Are You Feeling SECURE about Retirement?

The SECURE Act has changed a lot of the retirement rules we’ve been living by for years. Take a look at the most significant changes and see how you might be affected.

See More On: Saving for Retirement | Required Minimum Distributions (RMDs) | Wealth Management

April 1, 2020

Wealth Advisement Could Change Due to Coronavirus

Businesses of all types are adjusting to the new normal, and wealth advisory services are changing with the times, too. Some of these changes eventually might not be for the best.

See More On: Financial Planning | Wealth Management

March 31, 2020

Financial Opportunities for Wealthy Families During the Coronavirus Crisis

Making smart decisions in times of panic isn't easy, but those who keep cool heads, follow the plan and take some calculated steps could help grow their wealth for generations to come.

See More On: Wealth Management

Show More Stories