Many aspects of our lives, and especially our wealth, are stored and accessed online. You might use a digital trading platform to access your brokerage account, for example. Or, you may have copies of important documents saved in the cloud. You also likely communicate with friends, family, colleagues, and others online over email or social […]
For so many parents, watching their children grow into blossoming young adults with new passions, goals, and a sense of independence is incredibly rewarding. At the same time, this may be uncharted territory for your family, a stage of life that hasn’t yet been traversed. Most young adults or teens aren’t quite ready to fly […]
A proper estate plan is one of the most important gifts you can give your family. Life is unpredictable, but an estate plan can provide you with some much-needed peace of mind that your loved ones will be cared for in the wake of an unexpected event. However, only 33% of adults have documented end-of-life […]
For the first time in more than two decades, Massachusetts residents and their families may be able to enjoy new tax-saving benefits. On October 4, 2023, Governor Maura Healy signed the $1 billion Massachusetts Tax Relief Plan, providing tax relief to residents and corporations doing business in the Commonwealth. One notable update included adjustments to […]
As the Federal Reserve seeks to combat inflation, interest rates are on the rise. That means the cost of borrowing money is going up—30-year mortgages are now well over 5%! So, where could one get a reasonable loan? Their family. Because the terms are negotiated between loved ones, family loans can help borrowers secure financing […]
Your home has captured precious memories—holidays huddled by the fire, Sundays gathered around the table, and so on. Whether it is a quaint mountain retreat or a sprawling estate, a clear estate plan will make the process of leaving property to heirs that much easier. Here are some ways to go about this type of […]
In a companion post, we discussed four major changes resulting from the passage of the SECURE Act and strategies to manage them (Top 4 SECURE Act Changes That May Impact You and How To Plan For Them). In this post, we will discuss the new class of retirement plan beneficiaries called Eligible Designated Beneficiaries (EDBs) […]
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