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07 Aug
The Gift that Grows
A Gift That Grows Tax-Free Forever: Roth IRAs for Kids and Grandkids

By Colleen Weber, CFP®, CPA

For high-net-worth families, transferring wealth to the next generation in a tax-efficient way can present new challenges to your financial plan. The complexities of income tax, capital gains tax, estate tax, and generation-skipping transfer tax can make it feel daunting to leave a meaningful legacy for your loved ones without burdening them with high tax obligations.

The good news is there are strategies available to simplify your estate plan and bestow upon your children and grandchildren a gift that enjoys tax-free growth indefinitely. Keep reading to explore how Roth IRAs can be a key component to help you leave a lasting and tax-efficient legacy for the next generation.

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01 Jun
Is Investing in a Single Company Worth the Risk?

By Colleen Weber, CFP®, CPA 

You’ve probably heard the phrase “Don’t put all your eggs in one basket.” The more I’ve helped people manage their finances, the more I’ve seen how true this is. Most advisors will tell you that diversification is the best way to structure your investments, but what about that company that seems to be the next big thing? We want to get on the hype train and start buying up stocks in that company, right? But here’s the quite literal million-dollar question: How much stock from one company is safe to own? 

Now, there’s no easy answer to that question, but there’s no denying that when you concentrate your investments on an individual stock, the risk goes way up. Let me show you why.

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14 Mar
SVB & Signature Bank Collapsed: Why Banks Fail & How to Protect Your Savings

By Colleen Weber, CFP®, CPA

Banks play a vital role in the economy, providing individuals and businesses with access to cash, credit, and other financial services. Despite their importance, however, banks can fail. And when they do, the effects often cause panic in the wider economic environment. 

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26 Sep
Restricted Stock Planning- What You Need to Know
Restricted Stock Planning: What You Need to Know

By Colleen Weber, CFP®, CPA

Executives are not compensated in the same way as regular employees. Their income is usually tied heavily to the value of their company because their compensation packages commonly contain restricted stock, not to be confused with restricted stock units (RSUs). Because of the complicated nature of restricted stock, employees who receive them need to plan ahead to consider the tax implications. Let this serve as a guide when planning to get the most value out of your restricted stock.

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31 May
Is a Downturn On the Horizon_ How We Watch Over Your Money
Is a Recession on the Horizon? How I Watch Over Your Money 

By Colleen Weber, CFP®, CPA

Is the state of the world making you feel unsettled? It seems like things are constantly changing and we’re just waiting for the other shoe to drop. If you’re like most people, living with this level of uncertainty day in and day out can be stressful. But as much as we may not like living with instability, the market likes it even less. 

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18 Oct
How to Protect Your Wealth in a Volatile Market

By Colleen Weber, CFP®, CPA

Benjamin Graham once said, “In the short run, the market is a voting machine, but in the long run, it is a weighing machine.” This quote may seem confusing on the surface, but the point is quite simple: in the short run, the market acts like a popularity contest with investors chasing the hottest trend of the moment. The votes are tallied, and the most “popular” stock gets the highest price, regardless of its true value. In the long run, however, the popularity contest fades and the market starts to reflect the true value of the stocks.

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10 Sep
The Real Benefits of Diversification

By Colleen Weber, CFP®, CPA

Thomas Jefferson said, “With great risk comes great reward.” But certainly there needs to be wisdom in recognizing how much risk is too much risk—especially when it comes to your investment portfolio. This is where diversification comes into play. 

Diversification can help you offset risk and reach your goals with an added level of confidence. Even if you already have a good understanding of diversification, it’s wise to review its importance and some examples to gain more clarity.

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05 Apr
The Benefits Of Working With A Fiduciary

By Colleen Weber, CFP®, CPA

There are financial advisors everywhere you turn. The problem is not finding one, but finding the right one—someone you can trust to provide honest advice and help you achieve your goals.

Unfortunately, whether someone calls themselves a financial advisor, financial planner, wealth manager, or financial consultant, it doesn’t tell the consumer anything about the standard to which the advisor is held. This can be incredibly confusing for many people. It’s important to not look for a particular job title but ask your current or prospective financial advisor whether or not they are held to the fiduciary standard. Only then will you know if the advisor truly has your best interests at heart.

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25 Jan
It’s A New Year! Is It Time To Reevaluate Your Financial Plan?

By Colleen Weber, CFP®, CPA

The new year has begun, and we are all trying to keep our resolutions: eating healthier, exercising more…but that pint of ice cream in the freezer is calling your name. I can’t help you keep all your New Year’s resolutions, but I can help you with your financial plan. You should reevaluate your financial plan on a regular basis, and the start of a new year is as good a time as any. Here are a few items to keep in mind when reviewing your plan. 

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03 Jun
Should You Really Be Helping Your Adult Children Financially?

By Colleen Weber, CFP®, CPA

When the 2008/2009 financial crisis hit, many millennials were just entering the workforce or in the early years of their career. With high unemployment and overqualified people applying for jobs, the younger generation was hit hard and many young adults had to move home or make unexpected life changes. Well, it’s happening again, and millennials and the older half of Generation Z are hurting financially since many of them work in industries that have taken the brunt of the coronavirus shutdowns. (1)

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