The Great Wealth Transfer is expected to pass tens of trillions of dollars from older generations to their heirs over the coming decades, making it one of the largest intergenerational wealth shifts in history. Without thoughtful estate, tax, and financial planning, families risk losing a significant portion of that wealth to taxes, probate costs, and unintended consequences.
Ohio residents could lose unclaimed funds after 10 years under a new law. Learn how to search for missing money in Ohio, Kentucky, Indiana, and nationwide.
We believe clients deserve advice that is transparent, objective, and fully aligned with their goals. That’s why we operate as a fiduciary and a fee only financial advisory firm.
Trump Accounts are a new tax-advantaged investment account designed to help children born between 2025 and 2028 begin building long-term wealth, including a $1,000 federal seed contribution and the ability for families and others to contribute up to $5,000 annually. While the accounts offer tax-deferred growth and potential long-term benefits, families should understand the contribution limits, withdrawal restrictions, and how they compare to alternatives such as 529 plans and custodial accounts before incorporating them into a broader financial plan.
High-income earners often face limited options for tax-advantaged retirement savings once they exceed Roth IRA income limits and max out their 401(k) contributions, but the mega backdoor Roth strategy may provide a powerful alternative. By making additional after-tax 401(k) contributions and converting them to Roth assets, eligible investors can potentially move tens of thousands of dollars annually into accounts that offer tax-free growth and withdrawals in retirement.
This week, Stacy Fox breaks down what it means to be an Enrolled Agent and why this credential matters for the families we serve.