Time to Read: 4 Minutes The impulse to help others in need and to share good fortune is universal. When it comes to giving plans that involve donating wealth, the elements of several different dimensions – demographic trends, market performance, advances in financial services, increased need, and potential changes to the tax code – are combining to create unprecedented amounts
Time to Read: 6 Minutes When planning for expenses in retirement, it’s easy to begin thinking about travel and vacations while overlooking one significant expense – taxes. In Nationwide’s 2021 Retirement Income Survey, 41% of retirees surveyed reported wishing they had been better prepared for taxes leading up to retirement. Tax laws change frequently, and
Time to Read: 5 Minutes Working during your senior years doesn’t have to be just about income. The National Institute on Aging reports that those who participate in regular physical activity, stay connected through social events, and keep up with a hobby have shown signs of or have reported feeling happier and healthier. Working in your
Time to Read: 4 Minutes The biggest challenge for students and parents when planning for education is the financial costs, which include tuition and academic expenses. There is help – 529 Plans aren’t just for college anymore. K-12 private and religious schools are also eligible. Funds can be used for four and two year colleges, trade schools, graduate programs and some international institutions. Section 529
Time to Read: 5 Minutes Maxing out a 401(k) plan is the foundation of a retirement savings plan. But many local San Diego and national companies offer highly compensated executives the option to participate in an additional deferred compensation plan that can offer the opportunity to save well above the limits on a 401(k)
Tme to Read: 2 Minutes Your financial advisor is the head of your team at BWM. We’ll spend the most time with you, getting to know you and your family and understanding where you are now and what your goals for the future are. But we don’t act alone – we are the quarterback that brings the right resources to
Time to Read: 8 Minutes We’ve created a comprehensive list, in question format, to help you pull together your important tax documents before you begin the tax filing process. These questions are intended to help you gather all your key tax documents, expedite the filing process, and make sure your taxes are reported correctly. 1099s – Do I have all
Time to Read: 8 Minutes As discussed in our last webinar, we believe the recovery from the COVID-related recession continues to take hold, partially driven by the massive amount of monetary and fiscal support provided in 2020. Clients of BWM have begun asking: Will all that money printing lead to an inflation problem in
Time to Read: 5 Minutes On Tuesday, October 13, 2020, the Social Security Administration released important facts and figures for 2021 - including cost-of-living adjustments (COLA) for retirees and tax changes for the currently employed. Here's what you need to know: The Good? Benefits Are Increasing Those receiving Social Security benefits will see a
Time to Read: 7 minutes While art isn’t a component of our traditional asset allocation or financial planning techniques, it is a large part of some of our client’s “Living Above the Line” strategy-using money as a tool to focus on what’s most important to them. Getting started collecting art can be challenging. With