They say hindsight is 20/20, but tax planning shouldn’t simply be based on what has worked in the past. Upcoming life changes and external factors such as tax policy developments also deserve attention and may offer money-saving opportunities. With that in mind, here are several of the most important tax-planning considerations and deadlines to remember […]
With the year coming to an end, now is an excellent time to revisit your philanthropic plan and review the tools you want to employ in 2024. Whether your household’s charitable routine involves regular or seasonal giving, the IRS has approved several strategies that have the potential to put more of your funds into the […]
While taxes may be the last thing on your mind during the holiday season, small steps you take now may result in big savings on your 2023 tax bill. From maximizing deductions to optimizing investment strategies, some simple yet proactive measures can help you keep your hard-earned money in your pocket. I have compiled a […]
Find out why reviewing your Medicare plans now may lead to significant health care savings over the long term.
Is the Fed finished hiking rates for the year? Our quarterly outlook explores why the economy may not be cooling enough to slow inflation.
Like so many of us, I joined the financial planning industry to make a positive impact on people’s lives. I have always found it rewarding to help clients fulfil their lifelong dreams, guide them in periods of transition and provide support during challenging times. However, as firms grow, advisors are often forced to focus on […]
Over the past several decades, women have increasingly taken on the responsibility as their family’s primary or sole breadwinner. This rising role has prompted a different approach to comprehensive financial guidance. Wealth Advisor Alyssum Malone, CFP®, BFA™ shares how partnering with a professional can help ensure your family’s finances are protected for years to come, […]
A very good friend and his wife recently came into town and asked me for a restaurant recommendation in the Santa Cruz area. I am always happy to help acquaintances with these “tough” problems. I asked their food preference, and without hesitation he answered Italian. I immediately had the perfect place in mind. You see, […]
This year, there has been more optimism in the stock market compared to 2022. For investors only looking at the returns of the S&P 500, it may seem like the economy is in a boom. This dynamic may be surprising, given the rising interest rates and forecasts for slower growth.
Recently, Ben Slater was featured on Dimensional’s “Managing Your Practice” podcast, sharing his thoughts on leveraging scale and taking your practice to the next level.
Whether you’re expecting a life-changing inheritance or not expecting anything from your loved ones, conversations about this topic can be uncomfortable. Planning early makes it easier to navigate the important steps to ensure a transfer of wealth goes smoothly.
It’s a question every growing business eventually faces: Do we buy it or do we build it? To meet client demands and create economies of scale, companies like Apple, Amazon, Netflix and Microsoft all buy some of their services. Conventional wisdom mandates that a modern company only build tools that enhance ROI and build up […]
The model in which financial advisors earn income could influence their recommendations, which may impact your return on investments, long-term objectives and portfolio performance. Choosing a financial advisor is a deeply personal and potentially life-altering decision. It’s important to partner with someone you connect with, a professional dedicated to putting your best interest first. Their […]
Depending on your medical needs and those of your family, you may have enrolled in a high-deductible health plan that allows you to pay for medical expenses using a health savings account (HSA). Because contributions go into an HSA pre-tax, grow tax-deferred and are distributed tax-free when used for qualifying costs, this option has gained […]
Once tax season is over, it’s not too uncommon for taxpayers to receive an inquiry letter for more information about their returns. But have you ever wondered why?
Amanda Otto shares what an EA is and how this advisor provides valuable insights on tax-efficient investment strategies, retirement planning, estate planning and more.
Marriage may not be part of the plan for every couple. These strategies can help unmarried couples avoid conflict while working toward their financial goals together.
At Buckingham Wealth Partners, we pride ourselves on cultivating talented and passionate professionals from the industry and industry peers across the nation agree on our hiring selections! Cheers to Buckingham Wealth Partners’ Head of Planning Strategy Michael Kitces for once again being awarded Investopedia’s Most Influential Advisor. Michael’s respected thought leadership, ability to shape strategic priorities, passion […]
Although there have been some signs of progress, our quarterly outlook explores why it has been so difficult to slow inflation.
Wondering if alternative investments are right for your portfolio? Although we remain skeptical of most alternative strategies, we’ve found a few that may benefit a well-constructed portfolio.
Whether it’s from an inheritance, settlement, divorce, a major sale, initial public offering (IPO) of your business or winning the lottery, most people would agree coming into a large sum of money is a good problem to have. We have all dreamed about having the resources to instantly pay off our mortgage, purchase a new […]
Annuities are a popular way to supplement retirement income, provide tax-deferred growth and assist in legacy planning. But what are your options when an annuity no longer serves you? Annuities can be a key component in a robust retirement plan. These insurance contracts provide a low-risk opportunity to increase your guaranteed income stream, provide tax-deferred […]
Your personal financial goals can help determine whether you want to pay taxes now or later on retirement contributions.
Some investors are wondering if private equity would be a good addition to their portfolio. Here’s a breakdown of this evolving asset class. For reality TV fans, one might argue that the private equity world truly took off last year: Celebrity Kim Kardashian launched her own private equity firm. There is now over $4 trillion […]
Retirees face five key risks when planning their lifestyle after their working years, and more surprisingly, they often underestimate them. Here’s what retirees should know to prepare.
For small business owners, a misstep in tax planning could result in a big, unforeseen bill.
In our quarterly outlook, we explore the Fed’s actions to curb inflation and how these are likely to continue despite recent turmoil in the banking sector.
While you can’t control the legal battles over student loan forgiveness, you can take advantage of several student loan programs in 2023. (On Aug. 30, 2023, this article was updated to reflect the latest developments and deadlines related to student loan planning.) As millions of Americans gear up to resume student loan payments after a […]
Although risks abroad can be worrying, such as the ongoing war in Ukraine, investing in foreign companies remains a key diversification strategy. Find out why having international investments in your portfolio is beneficial.
Even if the current market isn’t considered optimal for buyers, it may still be the right time for you.
While 529 plans are a popular way to fund expensive college educations, Buckingham Senior Tax Manager Shawn Williamson shares more options that may benefit both students and parents from a tax standpoint. According to a recent study, a year of tuition, books, supplies and day-to-day living expenses at a four-year university will cost on average […]
Join us at Engage 2023 The pace of accounting and finance is constantly evolving. From tackling emerging complexities and challenges head on to embracing ever-changing technology, it’s imperative to be forward thinking. You can’t afford to fall behind on advancing your skill set, pivoting your business needs, creating new revenue lines and utilizing the latest […]
The strong emotions associated with the death of a spouse can become even more amplified by the overwhelming host of financial issues that need to be addressed. Where does one start? Losing a spouse is a life-changing event that married couples unfortunately need to be prepared for. Since survivors are faced with the daunting tasks […]
Looking to learn more about Buckingham Strategic Partners? Increasing your firm’s efficiency, scale and engagement don’t happen by accident or luck. They are born from leveraging the powerful resources of a forward-thinking, comprehensive advisor platform. If you are searching for a partner who is committed to helping you grow your firm, develop deeper client relationships […]
Senior Tax Manager Shawn Williamson provides several tips on how to safeguard your company’s assets.
While each year features new twists on the age-old investment stories, smart investors know how to apply the same basic principles to every event.
As the new year begins, markets have grown somewhat more optimistic that the Federal Reserve will successfully bring inflation down without causing a deep recession.
Explore our list of key planning strategies and deadlines to make the most out of your 2023 tax season.
January is not only a perfect time to implement your personal and professional resolutions – it’s also a great reminder to review your financial goals, plans and strategies. Decades of data have proven that successful financial outcomes are more likely to happen because of purposeful and thoughtful planning. As we start 2023, I recommend my […]
In wealth planning, it’s important to consider not just tangible assets but also the impact you hope to make on your community and family. This is often called one’s legacy, and a big component of that is intangible assets: your values and life lessons that can be passed down to future generations. As families and […]
This holiday season, if you are looking for a book recommendation for your favorite bibliophile, yourself, a family member, friend or colleague, Buckingham’s Leadership Team is spreading the cheer by sharing a few of their recommended reads. “My father shared a copy of one of Larry Swedroe’s books at the beginning of my career, and […]
If you’ve inherited an IRA recently, here’s what you need to know about planning distributions and keeping up with changing tax rules.
In his latest venture, Jeff Levine has teamed up with financial heavyweight Ed Slott of Ed Slott and Company to launch a brand new, consumer-friendly podcast, The Great Retirement Debate. In each episode, Jeff and Ed will go head-to-head knocking out critical topics in the retirement landscape. Through a coin flip, they take opposing sides […]
The holidays usher in a joyful time of family gatherings, holiday parties, fun with friends and the promise of a bright new year. But before you put a bow on 2022, there are a few financial housekeeping tasks that you should review. From my experience with clients, I have compiled a top ten list of […]
Simply put, our goal at Buckingham Strategic Partners is to solve the problems financial advisors face on a daily basis. Like many “TAMPs”, we offer evidence-driven investment models, back-office support, portfolio management software and reporting, practice management and marketing support. But that’s only our warmup. Every day, we strive to bring industry leading services to […]
There are three major parts to Biden’s plan to help those dealing with student loan debt. Over the past 12 months, the Department of Education under the Biden-Harris administration has championed a metric ton of program revisions and policy changes to the federal student loan system. The most recent Student Loan Debt Relief Plan, announced […]
Social Security benefits will go up 8.7% in 2023, the largest adjustment in four decades. Here’s why you don’t need to rush to file to benefit from the increase. With all the talk about inflation these days, you may have heard the news that the 2023 cost-of-living adjustment (COLA) for Social Security benefits is 8.7%, […]
From Oct. 15 to Dec. 7, 2022, qualified participants can sign up to take part in the federal government’s insurance plan. If you are overwhelmed by the process, definitions and complexities of Medicare, you are not alone. According to the Centers for Medicare & Medicaid Services (CMS), almost 64 million Americans were fully enrolled in […]
While inflation has moderated since June, it remains stubbornly high. Shocks happening abroad are the main contributor.
September turned out to be a tough month for markets after performance started to look a little brighter late this summer.
Financial advisors can offer a different perspective about the legal terms in estate documents and what they will mean financially for you and those who inherit your assets.
Starting to plan your charitable giving strategies now will prevent you from feeling rushed to meet year-end deadlines. It will also give you the time to think carefully about which causes fit best in your long-term legacy plan.
Several years ago, I met with a wealthy widow who had been quite a bit wealthier before meeting Mr. Bernie Madoff. After that devastating experience, she was very concerned about finding an advisor she could trust to act in her best interest. I know she is not the only person who has questions and concerns […]
To serve clients in an impactful manner, we can’t just think we are doing the right thing for them, we have to know it in our core.
A business is typically its owner’s largest and most complex investment. It is also a fundamental piece of their personal retirement plan. But what if the business owner’s perceived value of the company does not reflect its true value? This could derail their personal retirement plan and their future lifestyle. Unfortunately, this happens often because […]
As a Buckingham Practice Integration Advisor, I am often asked this question: “My student loans are in forbearance. Should I look to refinance now?” Like most of life’s situations, there is not a “one size fits all” answer to this question. Instead, one must look at their personal circumstances before making the decision to refinance […]
Whether you want to upgrade to the newest technology, need to replace worn equipment or give your lobby a facelift, what should you consider before making a capital investment in your business? Unlike recent years, business owners now face increasing costs to carry debt. How do you make improvements to your business while still remaining […]
Are you looking for a TAMP that fits your firm’s growing needs? With so many choices in the marketplace, it may be difficult to find a partner that understands your needs. Independent member of the Buckingham Strategic Partner community, Neel Shah of Beacon Wealth Solutions, was in your shoes. He dreamt of growing a firm […]
Most investors have a process for deciding which investments to buy in their portfolio—with different objectives for building wealth over time. But once you’ve selected your investment mix, have you considered how the account that holds your investments affects what you ultimately earn? A potential game changer for your expected returns is the amount of […]
Investing can be an overwhelming process. Due to circumstances beyond their control, women face additional challenges and hurdles when it comes to growing their money. As a wealth planner, I have identified several areas of concern that may impact a woman’s financial health. Don’t worry, I’ve also included solutions and tips to help even the […]
While there’s always uncertainty in the outlook for the economy and financial markets, a confluence of events has pushed the level of uncertainty to high levels.
In his book, “Thinking, Fast and Slow” , psychologist Daniel Kahneman examines the two brain systems that drive the way we think while also shining light on the common biases that impact decision making. As it turns out, our brains are hard-wired to make fast, intuitive and emotional decisions shaped by our own biases and generalizations. […]
At Buckingham Wealth Partners, we pride ourselves on cultivating talented and passionate professionals from the industry and industry peers across the nation agree on our hiring selections! Cheers to Buckingham Wealth Partners’ Head of Planning Strategy Michael Kitces for once again being awarded Investopedia’s Most Influential Advisor. Michael’s respected thought leadership, ability to shape strategic […]
The summer months kick off many seasons of happiness – the end of the school season for kids, BBQ season, baseball season (this is a happier time for some fans more than others) and vacation season. Over the next few months, millions of Americans will hit the road or take to the skies in search […]
Like kingdoms, tides and my teenage daughter’s emotions, the stock market rises and falls. Although market downturns are inevitable and expected, they are never pleasant to experience. On the bright side, these dips present an opportunity to make the proverbial lemonade out of lemons by allowing Uncle Sam to share the pain. This is accomplished […]
Buckingham Wealth Advisor and Registered Life Planner® Ken Rosenbaum explains how utilizing an advisor who specializes in Life Planning can help you live your most rewarding, authentic and full life.
It’s LGBTQ+ Pride Month, and there’s no better way to celebrate than taking pride in your financial life! Buckingham’s Ryne Vickery shares five steps to help same sex couples create a wealth plan and get on the path towards financial freedom.
How will the upcoming elections affect your portfolio? Buckingham’s Daniel Campbell offers three points to consider as America heads to the polls.
Buckingham Client Development Advisor, Amanda Merrill, breaks down four considerations to help maximize your tax-savings opportunities.
Put down your mask and pick up your credit cards! The big spend is upon us…
Buckingham is excited to offer a warm welcome to our newest acquisition in Overland Park, Kansas – Lumia Wealth. Headed by Principal and Wealth Advisor Brian R. Brush, Lumia specializes in creating investment strategies for professional couples, physicians, women, members of the LGBTQ community and the socially conscious investor. Founded in 2002, Lumia is a […]
I hope this helps you find schools that will prepare your children for success and happiness without compromising your retirement or other financial goals.
Women’s individual and collective experiences, situations, challenges and solutions vary widely. This makes it nearly impossible – and irresponsible – to apply a “one size fits all” approach to women’s wealth management. But one thing we do know, our paths to achieving financial stability and success can vary greatly from those of men. Rather than […]
Expert programming is the engine that drives AICPA® & CIMA® ENGAGE 22. From new regulatory updates to the latest strategies for high-income individuals, our presenters and panelists will elevate your expertise personal financial planning, estate planning, tax and additional, focused learning tracks. Hear from Buckingham’s Kevin Grogan and Jeffrey Levine as they share their perspectives […]
The US Census Bureau has reported that one in five individuals suffer from an intellectual, physical or mental disability. While many government programs and benefits are available, it is often hard to maneuver through the sea of red tape to take advantage of them. By not planning for the future of your loved one, you could […]
In the second installment of the series, I will explore clues your information may have been compromised.
In the first installment of this two-part series, I will arm you with helpful information you can use to reduce your odds of becoming a victim of tax-related identity theft.
Identity Theft Prevention Identity theft occurs when someone steals your personal information to commit fraud, such as fraudulently opening accounts, gaining access to accounts, filing tax returns, filing for unemployment benefits, obtaining medical services, or sending fake bills to your health insurer, etc. Below are different ways to prevent identity theft and protect yourself from […]
The market will go up and the market will go down. No matter which direction it is headed, your best defense is to speak with your financial advisor about developing a risk-tolerant plan and sticking to it- while, as I like to say, controlling the “controllables.”
To mark Valentine’s Day this year, we asked five advisors to spread the love (the love of financial well-being, that is) by sharing a wide range of wealth planning tips that are near and dear to their hearts. So how does Buckingham love thee? Let us count the ways…. 1. Leverage an HSA: “One strategy […]
Every year, the market gifts us invaluable lessons on investment strategies. While each year is different, many of these lessons are reinforced or repeated year after year; that’s why one of my favorite sayings is that there’s nothing new in investing, only investment history you don’t know. Before you read the 10 lessons 2021 taught […]
With the recent uptick in market volatility and the poor start to the year for the U.S. stock market, I wanted to recap where markets stand and reiterate three time-tested principles that I believe are as relevant now as they have been over the modern history of financial markets. Zooming out, it is first important […]
Paying taxes is something you can’t escape; but being aware of new tax rules and revised federal deadlines can make preparing and paying your taxes a little less painful each year. Here are five major tax revisions – plus noteworthy cutoff dates – every baby boomer needs to know ASAP to avoid late fees, cash […]
We’ve all said it…“I’ll start on January 1.” Whether it’s hitting the gym or eating more vegetables, every year millions of Americans make resolutions to better themselves. Besides building strength with a yoga practice, the new year is a great opportunity to bulk up your financial muscle. As a wealth advisor for over 20 years, […]
No two retirements are ever going to look exactly the same, because each of us will enter that phase of life with a different set of circumstances, expectations and financial realities. But by exploring a few hypothetical scenarios, we should be able to shed some light on holistic financial planning opportunities, as well as risks, […]
Eighteenth-century Swiss philosopher Jean-Jacques Rousseau said, “The money you have gives you freedom; the money you pursue enslaves you.” He clearly believed that money alone can’t guarantee happiness, and many other philosophers, business moguls, and philanthropists both before and after his time would agree. After all, it’s likely very few of us in the end […]
WARNING: When planned correctly, witnessing the effect of your generosity and passion can be highly addictive! Most people don’t give much thought to legacy planning aside from considering their will as they age and thinking about what to do with what might be left when they pass away. This approach is not nearly as much […]
Guided by evidence and fueled by your ambitions, your team is dedicated to creating a wealth strategy distinctly tailored to each individual client’s needs. Before 2021 ends, be sure to check out our list of seven money-saving actions that may help you maintain the greatest amount of after-tax wealth. As always, talk to your advisor […]
Want to gift without guilt this year? Spending tends to increase around the holidays, and it can be easier to embrace those budgetary demands with joy and peace of mind knowing that you have a savings plan and your savings goals have been met. To help tick that box, use this simple infographic to learn […]
Check out our Buckingham Talks webinar from earlier this week, as well as an update on what’s in and what’s out of the proposed legislation.
The rule (or power) of three is an age-old maxim in rhetoric and other disciplines which states that things that come in threes are inherently more satisfying to us. If that’s indeed the case, do I have some good news for you: The pause on student loan repayment, interest and collections has been extended for a third […]
With the giving season nearly upon us, now is an excellent time to revisit your charitable intentions for the year. After all, our values tend to guide many of our financial decisions, including charitable giving goals, so it’s natural to incorporate both into a holistic plan. Take a look at this new infographic for a […]
Lately, we’ve seen a meaningful uptick in market volatility fueled by economic instability here and abroad. From Chinese real estate woes threatening to disrupt their economy, to political wrangling in Washington that will continue to ripple through our own, there’s no escaping that the headlines have near-term market impacts around the world. But if the […]
If your ability to pay your family’s monthly living expenses relies upon maintaining your current income, this article is for you. Or, if your future lifestyle needs, wants and dreams—your retirement goals, in other words—depend on your ability to save a certain portion of your income for years to come, then this article is applicable […]
Whether it happens sooner (perhaps as early as next year) or later (but likely no later than 2026), there’s a good chance we’re going to see a significant drop in the federal estate tax exemption amount. And while there’s some uncertainty around exactly when it will happen, one thing that is certain is that if/when […]
The following is an adapted excerpt from the conclusion of the forthcoming book “Your Essential Guide to Sustainable Investing” by Sam Adams and Larry Swedroe. Sam and Larry summarize some of the topics they cover in the book and present some key takeaways. The financial services industry has responded to demands for sustainable investment strategies […]
Why do we work so much? Out of economic necessity? For a sense of fulfillment? To afford our growing financial wants and needs?
Imagine that, in the foreseeable future, you’ll have turned in all your company property, collected your final paycheck, and will be drinking a hurricane at half past noon while chair-dancing to “It’s Five O’Clock Somewhere.” You’ve planned on reaching that celebratory beach vacation over the many years of your career while also designing, building and […]
In personal finance, it’s not what you make but what you keep that is important. In preparing the next generation to manage money, it’s not how much you know but what you model and share that matters most. Whether you have only lint in your pockets or are racing Jeff Bezos for wealthiest person on […]
Feeling overwhelmed by your college savings choices? It’s no wonder – there are myriad options, and which ones are a good fit will depend on your specific circumstances. Whether you’re saving for college, graduate school or some other educational credential, working alongside an advisor who understands the available savings vehicles and their rules can help […]