by This article was selected for you by Brian Stallcop, CFP® | Jan 13, 2024 | Business, Financial Planning
Key Takeaways Installment sales can help spread out income over time, reducing your annual tax bill. Opportunity zone funds can potentially reduce or even eliminate a taxable capital gain. Charitable trusts help you mitigate taxes and have a philanthropic impact....
by This article was selected for you by Brian Stallcop, CFP® | Dec 12, 2023 | Financial Planning, Investment Planning
Key Takeaways Lack of financial knowledge and feelings of guilt can fuel anxiety among inheritors. Parents and grandparents worry about giving too much money to their heirs. Potential solutions include working with trusted pros and taking an active role in wealth...
by This article was selected for you by Brian Stallcop, CFP® | Dec 10, 2023 | Financial Commentary, Financial Planning
Key Takeaways More adult children are moving back home—and staying there for a significant chunk of time. Parents and adult children need to be upfront about expectations when living under one roof. Parents—don’t overlook your mental and physical well-being in these...
by This article was selected for you by Brian Stallcop, CFP® | Nov 12, 2023 | Financial Planning
Key Takeaways A family bank is a formal legal entity that a family sets up, with rules that govern how family members can access family funds. Family banks often are designed to help support entrepreneurship among family members. Family banks tend to do best when...
by This article was selected for you by Brian Stallcop, CFP® | Nov 10, 2023 | Financial Planning, Investment Planning
Key Takeaways We find that most estate plans are at least three years old—and as a result, could be out of date. We find that many people aren’t sure whether their estate plan is still set up to achieve their desired outcomes. We believe it’s crucial to work with a...
by This article was selected for you by Brian Stallcop, CFP® | Sep 24, 2023 | Financial Planning
Key Takeaways Monitoring cash flow and other metrics can help you avoid overspending and underspending. Run the numbers on withdrawal strategies to find one that fits your situation. Don’t turn investing into your new hobby or sport. Chances are, planning for...
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